Home and property Loan EMI Calculator
Use this simple calculator to calculate how much EMI and Interest you will need to pay in Indian Rupees (INR) for any mortgage, property or house loan you have taken or planning to take.
This is the total loan amount you are planning to take as loan for the house or property. This should be equal to (property value minus down payment)
Term length in Years
This is how long you plan to take the loan in months. Eg: 120 months = 10 years and 300 months = 25 years.
(APR%) Annual Interest rate
This is the interest rate you are going to be paying for the loan
How to use the Home Loan EMI and mortgage calculator
Once you have entered all the above fields, click on the blue button “Calc”. This will calculate your house loan details in Indian Rupees (INR). Once this is calculated, you will be able to see the total Payment amount, this is the monthly EMI you need to pay back for the loan you have taken.
You will also be able to see the total interest for this mortgage loan. The last field is the overall money you need to payback (Principal + Interest).
Home loan interest rates varies between 7.5% pa to 12% pa. Reputed banks such as SBI offer 8-11%pa. Where as third party lenders such as Indiabulls, DHFL, Bajaj Finance, LIC offer between 8% to 12% per annum.
This depends on value of the property, how much down payment you make, how much you earn, how much are your expenses, other loans you already are paying and your credit history.
Credit history from agencies such as CIBIL show how much you have as outstanding debt, your repayment history and tell the lender how likely you are to pay back the loan you are taking
DHFL, Bajaj Housing Finance, Dewan Housing Finance (DHFL), India Bulls, LIC Housing are some of the largest housing/home loan and mortgage providers in India