Home Loan Calculator
Calculate home loan EMI, total interest, and processing fees for India. Compare fixed vs floating rates and view year-wise amortization.
Loan Details
Loan: ₹40,00,000 · Down: ₹10,00,000
Monthly EMI
₹34,713
Total Interest: ₹43.31 Lakh
Principal
₹40 Lakh
Total Interest
₹43.31 Lakh
Total Payment
₹83.31 Lakh
One-time upfront costs
Down Payment
₹10 Lakh
Stamp Duty
₹2.5 Lakh
Processing Fee
₹20,000
Year-by-Year Amortization
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹79,609 | ₹3,36,946 | ₹39,20,391 |
| 2 | ₹86,646 | ₹3,29,909 | ₹38,33,745 |
| 3 | ₹94,305 | ₹3,22,251 | ₹37,39,440 |
| 4 | ₹1,02,640 | ₹3,13,915 | ₹36,36,800 |
| 5 | ₹1,11,713 | ₹3,04,842 | ₹35,25,087 |
| 6 | ₹1,21,587 | ₹2,94,968 | ₹34,03,500 |
| 7 | ₹1,32,334 | ₹2,84,221 | ₹32,71,166 |
| 8 | ₹1,44,031 | ₹2,72,524 | ₹31,27,134 |
| 9 | ₹1,56,763 | ₹2,59,793 | ₹29,70,372 |
| 10 | ₹1,70,619 | ₹2,45,936 | ₹27,99,753 |
| 11 | ₹1,85,700 | ₹2,30,855 | ₹26,14,053 |
| 12 | ₹2,02,114 | ₹2,14,441 | ₹24,11,939 |
| 13 | ₹2,19,979 | ₹1,96,576 | ₹21,91,959 |
| 14 | ₹2,39,424 | ₹1,77,132 | ₹19,52,536 |
| 15 | ₹2,60,586 | ₹1,55,969 | ₹16,91,949 |
| 16 | ₹2,83,620 | ₹1,32,935 | ₹14,08,329 |
| 17 | ₹3,08,689 | ₹1,07,866 | ₹10,99,640 |
| 18 | ₹3,35,975 | ₹80,581 | ₹7,63,665 |
| 19 | ₹3,65,672 | ₹50,883 | ₹3,97,994 |
| 20 | ₹3,97,994 | ₹18,561 | ₹0 |
How It Works
Enter the property value and your chosen down payment (LTV). The calculator computes your loan amount, monthly EMI, and total interest. Use the advanced section to add stamp duty, registration, and processing fee — common one-time costs when buying a home in India. The amortization schedule shows your outstanding balance every year.
Formula
EMI = P × r × (1+r)^n / ((1+r)^n − 1); Stamp Duty = Property Value × State Rate%; Processing Fee = Loan Amount × Fee%
Frequently Asked Questions
What is LTV ratio in home loans?
LTV (Loan-to-Value) is the percentage of the property value that a bank will lend. RBI mandates max 75–90% LTV depending on loan size. For a ₹50L property at 80% LTV, the bank lends ₹40L and you arrange ₹10L as down payment.
What is stamp duty and when do I pay it?
Stamp duty is a state government tax on property transactions, ranging from 3% to 8% of property value across Indian states. It is paid at the time of property registration and is not included in the home loan — you need to arrange it separately.
What is the processing fee on a home loan?
Banks charge a one-time processing fee of 0.25%–1% of the loan amount to cover administrative costs. This is usually deducted upfront from the sanctioned amount or paid separately at disbursal.
Fixed vs floating interest rate — which is better?
Fixed rate gives certainty — your EMI never changes. Floating rate moves with the RBI repo rate — it can fall and save you money, but can also rise. In a falling rate environment, floating is usually better. For long tenures (20+ years), most borrowers prefer floating.