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 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. Government schemes and loans for women borrowers often attract lower rates. Fixed-rate loans offer payment certainty, while floating-rate loans can benefit you when the RBI reduces the repo rate. Always compare the Annual Percentage Rate (APR) — not just the headline interest rate — across lenders to understand the true cost of your housing loan before committing.

SBI vs HDFC vs ICICI Home Loan EMI Comparison

Public sector banks like SBI often offer the lowest home loan rates, particularly for government employees and women applicants. Private lenders like HDFC and ICICI Bank provide faster approvals and more flexible product options, though their rates may be marginally higher. For a ₹50 lakh home loan over 20 years, a 0.5% difference in interest rate translates to over ₹2 lakh in additional total interest. Use this housing loan EMI calculator to model different rate scenarios and make an informed comparison before approaching your bank.