About the Home Loan EMI Calculator
A home loan is the biggest, longest-running commitment most people in India ever take on, so it is worth getting the numbers right before you sign anything. This calculator works out your monthly EMI, the total interest you will pay over the full tenure, and the true cost of the loan once processing fees are counted, using the same reducing-balance formula banks and housing finance companies use themselves. Enter the loan amount, the rate your lender has quoted, and the tenure, and the figures update instantly. Nothing you type is sent anywhere; every calculation runs in your browser.
Who should use this calculator
Anyone comparing home loan offers before applying, anyone who already has a sanction letter and wants to check the lender's numbers, and anyone deciding between a longer tenure (lower EMI, more total interest) and a shorter one. It is equally useful for a first-time buyer working out affordability and for someone refinancing an existing home loan to a lower rate.
Home loan interest rates in India
Home loan rates in India typically range from about 8% to 11% per year on a reducing-balance, floating-rate basis, depending on the lender, your credit score, the loan-to-value ratio and whether you are salaried or self-employed. Most home loans today are linked to an external benchmark (commonly the RBI's repo rate) plus a spread set by the lender, so the rate can move up or down when the benchmark resets. These figures are illustrative. Always confirm the current rate and the reset frequency in your lender's Key Fact Statement before signing.
Documents required for a home loan
- PAN card and a valid identity and address proof
- Income documents, salary slips and Form 16, or ITR and financial statements if self-employed
- Bank statements for the last six months
- Property documents and the title chain, verified by the lender's legal team
- Sale agreement or builder allotment letter
Tips to get your home loan approved faster
- Check your credit score first. A score above 750 usually gets you the best rate on offer.
- Keep your FOIR healthy. Clear small existing EMIs before applying, lenders look at your total obligations, not just the new loan.
- Choose a realistic tenure. A longer tenure lowers the EMI, but a very long one can mean paying more in interest than you borrowed, this calculator will show you exactly how much.
- Compare the spread, not just the headline rate, on floating-rate loans linked to a benchmark.
- Get your property documents in order early, legal and technical verification is usually what slows a home loan down, not the financial assessment.
Once you have a number you are comfortable with, a Kaithi Finance loan expert can help you compare real offers from multiple lenders and handle the paperwork end to end, enquire below, or message us on WhatsApp.
Home loan interest rates in India (September 2026)
Home loans are the cheapest borrowing most Indian households will ever have access to, because the property itself secures the loan. Almost all are floating-rate and linked to an external benchmark (usually the RBI repo rate) plus a lender spread.
| Lender type | Typical rate (p.a.) | Typical max tenure | Best suited to |
|---|---|---|---|
| Public sector banks | 8.00% – 9.25% | 30 years | Lowest headline rates; slower paperwork |
| Private banks | 8.35% – 9.75% | 30 years | Faster sanction, wider eligibility |
| Housing finance companies | 8.50% – 10.50% | 30 years | Self-employed or non-standard property |
| NBFCs | 9.50% – 12.00% | 20 years | Lower credit scores, unusual income profiles |
Indicative ranges as of September 2026, compiled from publicly advertised lender pricing. Rates are personalised to your credit score, income and loan-to-value, and change without notice. Always confirm the current rate, spread and reset frequency in your lender's Key Fact Statement before signing.
Home loan EMI per ₹1 lakh
Multiply the figure below by your loan amount in lakhs to get a quick EMI estimate, a ₹25 lakh loan is simply 25 × the per-lakh EMI. Use the calculator above for the exact figure including processing fees.
| Rate (p.a.) | 10 yr | 15 yr | 20 yr | 25 yr | 30 yr |
|---|---|---|---|---|---|
| 8% | ₹1,213 | ₹956 | ₹836 | ₹772 | ₹734 |
| 8.5% | ₹1,240 | ₹985 | ₹868 | ₹805 | ₹769 |
| 9% | ₹1,267 | ₹1,014 | ₹900 | ₹839 | ₹805 |
| 9.5% | ₹1,294 | ₹1,044 | ₹932 | ₹874 | ₹841 |
| 10% | ₹1,322 | ₹1,075 | ₹965 | ₹909 | ₹878 |
Before you apply, worth checking
- how much home loan you qualify for, before you shortlist a property.
- what a lump-sum prepayment would save you, floating-rate home loans to individuals carry no foreclosure charge.
- our full home loan guide, documents, the approval sequence and what slows a sanction down.
- a loan against property, if you already own the property and need funds rather than a purchase loan.
Frequently asked questions
What is a good interest rate for a home loan in India?
Home loan rates in India typically range from about 8% to 11% per year on a reducing-balance basis, depending on your credit score, income and the lender's policy. A score above 750 usually qualifies for the lower end of that range.
How much EMI will I pay on a ₹50 lakh home loan?
At 8.5% over 20 years, a ₹50,00,000 home loan works out to an EMI of about ₹43,391, with total interest of roughly ₹54,13,879 over the full tenure. Use the calculator above with your own amount, rate and tenure for an exact figure.
Can Kaithi Finance help me get a lower home loan rate?
Yes. Message us on WhatsApp with your loan requirement and we will help you compare real offers across lenders and negotiate on your behalf, at no cost to you for the guidance.
What is the EMI for a ₹30 lakh home loan for 20 years?
At 8.5% per annum over 20 years, a ₹30,00,000 home loan works out to an EMI of about ₹26,035. The per-lakh table on this page lets you scale that to any amount, multiply the per-lakh figure by your loan amount in lakhs.
How much salary do I need for a ₹50 lakh home loan?
Most lenders cap your total EMIs at 50–60% of net monthly income (your FOIR). A ₹50 lakh loan at 8.5% over 20 years has an EMI near ₹43,400, so you would typically need a net monthly income of roughly ₹75,000–₹90,000 with no other running EMIs. Use the eligibility calculator for a figure based on your actual obligations.
Is it better to take a 20-year or 30-year home loan?
A 30-year tenure lowers the EMI by roughly 12–15% but can add 60% or more to the total interest you pay. If the shorter EMI is comfortably within your FOIR, 20 years almost always costs far less overall. Run both in the calculator above and compare the total interest line.
Can I claim tax benefits on a home loan?
Under the old tax regime, principal repayment qualifies under Section 80C (up to ₹1.5 lakh a year) and interest under Section 24(b) (up to ₹2 lakh a year for a self-occupied property). The new regime removes most of these. Confirm your position with a tax adviser, the deductions can change the effective cost materially.
Does prepaying a home loan actually save money?
Yes, and usually far more than people expect, because early EMIs are mostly interest. On floating-rate home loans to individuals, RBI does not permit foreclosure or prepayment charges, so the saving is clean. The prepayment calculator shows exactly what a lump sum saves under reduced-EMI versus reduced-tenure.
What credit score do I need for the best home loan rate?
A CIBIL score of 750 or above generally gets you the advertised rate. Between 700 and 750 you will usually still be approved but priced 25–75 basis points higher. Below 650, most banks decline and you are looking at NBFC pricing.