Calculate your monthly EMI, total interest, total repayment, and see how each payment is split between principal and interest.
To keep this EMI at 50% of your take-home salary, you would need about ₹80,560 per month.
At 40%, you would need about ₹1,00,700 per month. Check how much you can borrow
Paying one extra EMI a year would save about ₹8,00,981 in interest and finish the loan 3 years early. Plan a prepayment
Early EMIs are mostly interest. On this loan, the principal part of your EMI overtakes the interest part only in year 11.
A longer tenure lowers the EMI, but you pay interest for longer.
This table uses the loan amount and rate you entered in the calculator above.
| Tenure | Monthly EMI | Total interest | Total repaid |
|---|---|---|---|
| 10 years | ₹59,351 | ₹21.22 lakh | ₹71.22 lakh |
| 15 years | ₹46,351 | ₹33.43 lakh | ₹83.43 lakh |
| 20 years (yours) | ₹40,280 | ₹46.67 lakh | ₹96.67 lakh |
| 25 years | ₹36,950 | ₹60.85 lakh | ₹1.11 crore |
| 30 years | ₹34,961 | ₹75.86 lakh | ₹1.26 crore |
On ₹50 lakh at 7.5%, stretching from 20 to 30 years cuts the EMI by ₹5,319 a month but adds ₹29.19 lakh in total interest.
Many home loans are offered at floating rates, where the interest rate can change when the linked benchmark changes.
Some floating-rate home loans are linked to an external benchmark such as the RBI repo rate.
The exact benchmark and reset terms depend on the lender and loan agreement.
| Rate | Monthly EMI | EMI change | Total interest | Interest change |
|---|---|---|---|---|
| 7% | ₹38,765 | −₹1,515 | ₹43.04 lakh | −₹3,63,439 |
| 7.25% | ₹39,519 | −₹761 | ₹44.84 lakh | −₹1,82,559 |
| 7.5% (yours) | ₹40,280 | — | ₹46.67 lakh | — |
| 7.75% | ₹41,047 | +₹767 | ₹48.52 lakh | +₹1,84,513 |
| 8% | ₹41,822 | +₹1,542 | ₹50.37 lakh | +₹3,70,270 |
| 8.5% | ₹43,391 | +₹3,111 | ₹54.14 lakh | +₹7,46,930 |
When rates rise, some lenders may increase the EMI, extend the loan tenure, or use a combination of both, depending on the loan terms.
You can ask your lender whether increasing the EMI or making a prepayment can help reduce your total interest.
Already paying a higher interest rate?
A balance transfer may reduce your interest cost if another lender offers a lower rate.
Before switching, compare the expected interest saving with processing, legal, valuation, and other transfer costs.
Lenders may look at how much of your monthly income is already committed to EMIs and other fixed obligations.
This is commonly assessed using FOIR, or fixed obligations to income ratio.
The limit can vary by lender, income, credit profile, loan amount, and other factors.
Existing loan EMIs may also be considered.
Take-home salary needed for common loan sizes at 7.5% over 20 years:
| Loan amount | EMI (20 years) | Salary needed at 50% | Salary needed at 40% |
|---|---|---|---|
| ₹20 lakh | ₹16,112 | ₹32,224 | ₹40,280 |
| ₹30 lakh | ₹24,168 | ₹48,336 | ₹60,420 |
| ₹40 lakh | ₹32,224 | ₹64,448 | ₹80,560 |
| ₹50 lakh | ₹40,280 | ₹80,560 | ₹1,00,700 |
| ₹75 lakh | ₹60,419 | ₹1,20,838 | ₹1,51,048 |
| ₹1 crore | ₹80,559 | ₹1,61,118 | ₹2,01,398 |
Indicative only.
Lenders also look at your age, credit score, job stability and property value.
If you add an earning co-applicant, their income is added to yours for this check.
Check your home loan eligibility See what property price fits your income
Home loan EMI calculations generally use the reducing-balance method.
Each month, interest is calculated on the outstanding principal.
The rest of the EMI goes towards reducing the principal.
| Step | Working | Result |
|---|---|---|
| Monthly rate (r) | 7.5 ÷ 12 ÷ 100 | 0.00625 |
| Number of EMIs (n) | 20 × 12 | 240 |
| (1 + r)n | (1 + 0.00625)240 | 4.4608 |
| Monthly EMI | ₹50,00,000 × 0.00625 × 4.4608 ÷ 3.4608 | ₹40,280 |
In the early years of a home loan, a larger part of your EMI usually goes towards interest.
As you repay the loan, the interest portion falls and the principal portion increases.
The principal part of your EMI grows every month.
On this loan, it only overtakes the interest part in year 11.
That's why prepaying early in the loan saves the most.
The EMI is not the only money you need.
Budget for these before you buy:
Starting rates published by major lenders.
The advertised starting rate may not be the rate offered to every borrower.
Your actual rate can depend on factors such as your credit profile, income, loan amount, property, and lender policy.
| Lender | Rate (per year) | Type |
|---|---|---|
| Bank of Maharashtra | From 7.00% | Public sector bank |
| Central Bank of India | From 7.00% | Public sector bank |
| Bank of India | From 7.10% | Public sector bank |
| Bank of Baroda | 7.20% – 9.25% | Public sector bank |
| State Bank of India (SBI) | 7.25% – 8.55% | Public sector bank |
| ICICI Home Finance | From 7.50% | Housing finance company |
| ICICI Bank | From 7.55% | Private bank |
| Godrej Housing Finance | From 7.65% | Housing finance company |
| HDFC Bank | From 7.75% | Private bank |
| Axis Bank | From 8.00% | Private bank |
Rates as of 16 September 2026, from lender-published rates reported in the financial press.
Rates change often.
Confirm the current rate on the lender's website before you apply.
Monthly EMI at 7.5% a year.
Tap any EMI to load it into the calculator.
| Loan amount | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| ₹10 lakh | ₹11,870 | ₹9,270 | ₹8,056 | ₹7,390 | ₹6,992 |
| ₹15 lakh | ₹17,805 | ₹13,905 | ₹12,084 | ₹11,085 | ₹10,488 |
| ₹20 lakh | ₹23,740 | ₹18,540 | ₹16,112 | ₹14,780 | ₹13,984 |
| ₹25 lakh | ₹29,675 | ₹23,175 | ₹20,140 | ₹18,475 | ₹17,480 |
| ₹30 lakh | ₹35,611 | ₹27,810 | ₹24,168 | ₹22,170 | ₹20,976 |
| ₹35 lakh | ₹41,546 | ₹32,445 | ₹28,196 | ₹25,865 | ₹24,473 |
| ₹40 lakh | ₹47,481 | ₹37,080 | ₹32,224 | ₹29,560 | ₹27,969 |
| ₹45 lakh | ₹53,416 | ₹41,716 | ₹36,252 | ₹33,255 | ₹31,465 |
| ₹50 lakh | ₹59,351 | ₹46,351 | ₹40,280 | ₹36,950 | ₹34,961 |
| ₹60 lakh | ₹71,221 | ₹55,621 | ₹48,336 | ₹44,339 | ₹41,953 |
| ₹70 lakh | ₹83,091 | ₹64,891 | ₹56,392 | ₹51,729 | ₹48,945 |
| ₹75 lakh | ₹89,026 | ₹69,526 | ₹60,419 | ₹55,424 | ₹52,441 |
| ₹80 lakh | ₹94,961 | ₹74,161 | ₹64,447 | ₹59,119 | ₹55,937 |
| ₹90 lakh | ₹1,06,832 | ₹83,431 | ₹72,503 | ₹66,509 | ₹62,929 |
| ₹1 crore | ₹1,18,702 | ₹92,701 | ₹80,559 | ₹73,899 | ₹69,921 |
| ₹1.25 crore | ₹1,48,377 | ₹1,15,877 | ₹1,00,699 | ₹92,374 | ₹87,402 |
| ₹1.5 crore | ₹1,78,053 | ₹1,39,052 | ₹1,20,839 | ₹1,10,849 | ₹1,04,882 |
| ₹2 crore | ₹2,37,404 | ₹1,85,402 | ₹1,61,119 | ₹1,47,798 | ₹1,39,843 |
At a different rate, use the calculator above: every figure there updates as you change the inputs.
A quick way to estimate any EMI: multiply the figure below by your loan amount in lakh.
Example: a ₹45 lakh loan at 7.5% for 20 years works out to 45 × ₹805.59 = ₹36,252 a month, the same as the calculator gives.
| Rate | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| 7% | ₹1,161.08 | ₹898.83 | ₹775.30 | ₹706.78 | ₹665.30 |
| 7.25% | ₹1,174.01 | ₹912.86 | ₹790.38 | ₹722.81 | ₹682.18 |
| 7.5% | ₹1,187.02 | ₹927.01 | ₹805.59 | ₹738.99 | ₹699.21 |
| 7.75% | ₹1,200.11 | ₹941.28 | ₹820.95 | ₹755.33 | ₹716.41 |
| 8% | ₹1,213.28 | ₹955.65 | ₹836.44 | ₹771.82 | ₹733.76 |
| 8.25% | ₹1,226.53 | ₹970.14 | ₹852.07 | ₹788.45 | ₹751.27 |
| 8.5% | ₹1,239.86 | ₹984.74 | ₹867.82 | ₹805.23 | ₹768.91 |
| 8.75% | ₹1,253.27 | ₹999.45 | ₹883.71 | ₹822.14 | ₹786.70 |
| 9% | ₹1,266.76 | ₹1,014.27 | ₹899.73 | ₹839.20 | ₹804.62 |
This calculator can help if you are:
The EMI depends on the interest rate and loan tenure.
For example, at 7.5% for 20 years, a ₹50 lakh loan has an estimated EMI of ₹40,280 based on the calculator above.
There is no single salary requirement for a ₹50 lakh home loan.
Lenders consider your income, existing EMIs, credit profile, loan tenure, property value, and other factors.
The salary figures shown above are indicative calculations based on selected EMI-to-income levels.
A 20-year loan usually has a higher monthly EMI but lower total interest.
A 30-year loan usually has a lower EMI but higher total interest.
Use the tenure comparison above to see the difference for your loan amount.
If you can continue paying the current EMI, reducing the tenure can generally help you save more interest.
If you need more monthly cash flow, reducing the EMI may be more suitable.
Check your lender's options before making the decision.
Prepayment charges depend on the type of loan, lender, borrower, and applicable rules.
Check your loan agreement and the latest lender/RBI rules before making a prepayment.
If your home loan is linked to an external benchmark such as the RBI repo rate, changes in the benchmark can affect your interest rate when your lender resets the loan.
The impact on your EMI or tenure depends on your loan terms.
Pre-EMI is the interest you pay on the loan amount that has already been disbursed while the property is still under construction.
The exact arrangement depends on your loan and lender.
The amount depends on the property value, loan amount, lender, and applicable rules.
You may also need additional money for stamp duty, registration, processing, and other buying costs.
Tax benefits can depend on factors such as the type of property, whether it is self-occupied or rented, the borrower, and the applicable tax regime and rules.
Check the latest Income Tax Department rules or speak with a qualified tax professional before claiming a deduction.
Small differences can happen because of rounding, the EMI start date, broken-period interest, lender-specific calculations, fees, or other loan terms.
The calculator provides an estimate based on the information entered.
This calculator uses the standard reducing-balance EMI formula to estimate your monthly home loan payment.
EMIs are rounded to the nearest rupee, and the final payment may be adjusted slightly to close the loan.
Your lender's EMI can differ by a few rupees because of rounding, the EMI start date, broken-period interest, fees, or other loan-specific terms.
Rate data was last checked on 16 September 2026.
Regulatory information is reviewed when this page is updated.
How we calculate and check our numbers
EMICalculate.in is an independent tool.
We are not a bank, NBFC, or loan agent, and we do not collect the numbers you enter.
This page provides general information and is not financial or tax advice.