How to Use This Home Loan EMI Calculator
Enter your desired home loan amount (from ₹5 Lakh up to ₹5 Crore) using the slider or the input field. Set the annual interest rate your bank has quoted and choose your repayment tenure (up to 30 years). The home loan EMI calculator instantly displays your monthly installment, total interest payable, and the full principal-versus-interest split. Scroll down to see the year-wise amortization schedule showing exactly how much of each year's payments goes toward the principal and how much toward interest.
Home Loan EMI for Common Loan Amounts (8.5% p.a.)
The table below shows the monthly EMI for popular home loan amounts at 8.5% p.a. across three common tenures. Use the calculator above to get the exact figure for your amount, rate, and tenure.
| Loan Amount | 15 Years | 20 Years | 30 Years |
|---|---|---|---|
| ₹10 Lakh | ₹9,849 | ₹8,678 | ₹7,690 |
| ₹20 Lakh | ₹19,698 | ₹17,356 | ₹15,380 |
| ₹30 Lakh | ₹29,547 | ₹26,034 | ₹23,070 |
| ₹50 Lakh | ₹49,245 | ₹43,390 | ₹38,450 |
| ₹75 Lakh | ₹73,868 | ₹65,085 | ₹57,675 |
| ₹1 Crore | ₹98,490 | ₹86,780 | ₹76,900 |
At 8.5% p.a. Figures are indicative — use the calculator above for your exact rate.
Home Loan Interest Rates in India 2026
Home loan interest rates in India in 2026 typically range from 8% to 12% per annum depending on the lender, loan amount, and your credit profile. The table below shows current indicative rates from major lenders.
| Bank | Interest Rate (p.a.) | Max Tenure | Max Loan Amount |
|---|---|---|---|
| SBI | 8.25% onwards | 30 years | No upper limit |
| HDFC Bank | 8.15% onwards | 30 years | No upper limit |
| ICICI Bank | 8.50% onwards | 30 years | No upper limit |
| Axis Bank | 8.35% onwards | 30 years | No upper limit |
Updated April 2026. Rates are indicative — contact your lender for personalised offers.
Home Loan Eligibility
To qualify for a home loan in India you generally need to be a salaried or self-employed Indian resident aged 21–65, with a net monthly income of at least ₹25,000 and a CIBIL score of 700 or above. Most banks apply a Fixed Obligation to Income Ratio (FOIR) of 40–50%, meaning your total monthly EMIs — including the new home loan — should not exceed half your take-home pay. A co-applicant (spouse or parent) can increase the eligible loan amount and may attract a discounted interest rate for women borrowers.
Tips to Reduce Your Home Loan EMI
Make a larger down payment — increasing it from 10% to 20% of the property value cuts both the loan amount and the lender's risk, often resulting in a lower rate. Maintain a CIBIL score above 750 to access the best rates. If you took your loan when rates were higher, a balance transfer to a lower-rate lender can save lakhs in total interest — use this calculator to model the savings. Finally, making even one additional EMI per year directly against the principal can shorten your tenure by 2–3 years on a 20-year loan.