Home Loan Calculator
Calculate your home loan EMI, total interest, and loan affordability
Loan Details
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Loan amount you need
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Total property value
Current range: 8.0% to 10.5%
Typical range: 15-30 years
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Your total monthly income
Loan Summary
Enter your home loan details to calculate EMI
Home Loan Guide
Current Interest Rates
- • SBI Home Loan: 8.50% - 9.55%
- • HDFC Home Loan: 8.60% - 9.50%
- • ICICI Home Loan: 8.70% - 9.50%
- • Axis Bank: 8.75% - 9.65%
- • LIC Housing: 8.50% - 9.80%
Loan Types
- • Fixed Rate: Rate remains const ant
- • Floating Rate: Rate varies with market
- • Hybrid: Fixed initially, then floating
Eligibility Criteria
- • Age: 21-65 years
- • Income: ₹25,000+ per month
- • Credit Score: 750+
- • Work Experience: 2+ years
- • LTV Ratio: Up to 90%
Required Documents
- • Identity & Address Proof
- • Income Proof (Salary slips, ITR)
- • Bank Statements (6 months)
- • Property Documents
- • No Objection Certificate
Tax Benefits
- • Section 80C: Principal up to ₹1.5L
- • Section 24(b): Interest up to ₹2L
- • Section 80EE: Additional ₹50K for first home
- • Section 80EEA: ₹1.5L for affordable housing
Tips
- • Compare rates from multiple banks
- • Negotiate processing fees
- • Choose optimal tenure
- • Consider prepayment options
- • Check for hidden charges