- Starting Rate
- 7.75% onwards
- Max Tenure
- 30 Years
- Processing Fee
- ₹5,000 + GST
Plan your home loan
Home Loan EMI Calculator
Estimate your monthly home loan EMI, total interest outgo, and compare different tenures before you apply. Use standard reducing-balance math for housing loans in India, including balance transfer scenarios.
Loan Details
Adjust the values to calculate your estimated monthly payment.
₹
Seventy Five Lakh rupees
₹1, 00, 000₹6, 00, 00, 000
%
520
Y
130
Part-Prepayment Planner
Model a one-time prepayment and estimate the principal remaining after your chosen repayment month.
After a ₹1, 00, 000 prepayment in month 12, the estimated remaining principal is ₹72, 50, 733.
Original loan amount: ₹75, 00, 000. Confirm lender-specific prepayment charges and lock-in rules.
Repayment Schedule
See how every EMI is split between principal and interest.
| Month | Principal paid | Interest paid | Balance remaining |
|---|---|---|---|
| Month 1 | ₹11, 962 | ₹53, 125 | ₹74, 88, 038 |
| Month 2 | ₹12, 046 | ₹53, 040 | ₹74, 75, 992 |
| Month 3 | ₹12, 132 | ₹52, 955 | ₹74, 63, 860 |
| Month 4 | ₹12, 218 | ₹52, 869 | ₹74, 51, 642 |
| Month 5 | ₹12, 304 | ₹52, 782 | ₹74, 39, 338 |
| Month 6 | ₹12, 391 | ₹52, 695 | ₹74, 26, 947 |
| Month 7 | ₹12, 479 | ₹52, 608 | ₹74, 14, 467 |
| Month 8 | ₹12, 568 | ₹52, 519 | ₹74, 01, 900 |
| Month 9 | ₹12, 657 | ₹52, 430 | ₹73, 89, 243 |
| Month 10 | ₹12, 746 | ₹52, 340 | ₹73, 76, 497 |
| Month 11 | ₹12, 837 | ₹52, 250 | ₹73, 63, 660 |
| Month 12 | ₹12, 927 | ₹52, 159 | ₹73, 50, 733 |
Showing 12 of 240 months.
Compare Lenders
Home Loan Interest Rates by Bank
Rates last updated: July 2026
| Bank/HFC | Updated Starting Interest Rate (p.a.) | Processing Fee | Max Tenure |
|---|---|---|---|
| HDFC Bank | 7.75% onwards | ₹5,000 + GST | 30 Years |
| Kotak Mahindra Bank | 7.60% onwards | ₹10,000 + GST | 30 Years |
| LIC Housing Finance | 7.60% onwards(subject to borrower profile) | ₹10,000 + GST | 30 Years |
| State Bank of India | 7.25% onwards | ₹5,000 + GST | 30 Years |
| ICICI Bank | 7.50% onwards | ₹5,000 + GST | 30 Years |
| Axis Bank | 8.75% onwards | ₹5,000 + GST | 30 Years |
| IIFL Home Finance | 8.50% onwards | 0.25% + GST | 30 Years |
| Bajaj Finserv | 8.60% onwards | Up to 0.50% + GST | 30 Years |
- Starting Rate
- 7.60% onwards
- Max Tenure
- 30 Years
- Processing Fee
- ₹10,000 + GST
- Starting Rate
- 7.60% onwards(subject to borrower profile)
- Max Tenure
- 30 Years
- Processing Fee
- ₹10,000 + GST
- Starting Rate
- 7.25% onwards
- Max Tenure
- 30 Years
- Processing Fee
- ₹5,000 + GST
- Starting Rate
- 7.50% onwards
- Max Tenure
- 30 Years
- Processing Fee
- ₹5,000 + GST
- Starting Rate
- 8.75% onwards
- Max Tenure
- 30 Years
- Processing Fee
- ₹5,000 + GST
- Starting Rate
- 8.50% onwards
- Max Tenure
- 30 Years
- Processing Fee
- 0.25% + GST
- Starting Rate
- 8.60% onwards
- Max Tenure
- 30 Years
- Processing Fee
- Up to 0.50% + GST
Easiloan is a loan advisory platform, not a direct lender. Rates shown are indicative, sourced from partner banks, and subject to change based on your eligibility and the lender's final assessment.
Understanding Your EMI
Understanding Your Home Loan EMI
How the EMI formula works
Your home loan EMI is a fixed monthly payment that combines both principal and interest, calculated using the reducing-balance method — interest is charged only on the outstanding principal each month, not on the original loan amount for the full tenure. That's why the same EMI has a very different principal-to-interest split in year one versus year fifteen of your loan.
Three inputs drive your EMI: loan amount, annual interest rate, and tenure. A higher loan amount or higher rate increases your EMI. A longer tenure usually lowers your monthly EMI but increases the total interest you pay over the life of the loan.
Worked example
On a ₹75 lakh loan at 8.50% p.a. for 20 years (240 months), the EMI works out to roughly ₹65,000/month, with total interest exceeding the principal over the full tenure. Shortening the tenure to 15 years raises the EMI but reduces total interest paid, since the outstanding balance is paid down faster.
Reading your repayment schedule
Early EMIs are interest-heavy because the outstanding principal is still high. As the loan matures, the interest component falls and the principal component rises. This matters for prepayment and balance transfer decisions — prepaying earlier in the loan cycle saves more interest than prepaying near the end, because you're shrinking the base on which future interest is calculated.
Using this calculator to compare loan offers
Compare scenarios rather than a single number: test your EMI across nearby rate bands (e.g., 7.95%, 8.25%, 8.75%) and across 15-, 20-, and 25-year tenures to see whether a lower EMI is genuinely affordable or simply defers cost. For balance transfers, hold your remaining principal and residual tenure constant, change only the rate, and compare total interest saved against transfer costs (processing fee, valuation, legal, MOD/stamp duty, GST).
EMI figures shown are indicative. Final eligibility, pricing, and repayment terms depend on the sanction terms of your selected bank or HFC.
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Frequently Asked Questions
How does the Easiloan Home Loan EMI Calculator compute my monthly EMI?
EMI = P × r × (1 + r)^n / [(1 + r)^n – 1], where P is principal, r is monthly interest rate, and n is tenure in months. Early EMIs are interest-heavy; over time the principal portion rises.
Can I model part-prepayments or foreclosure with this calculator?
Use the Repayment Schedule to find remaining principal for a given month, subtract your planned prepayment, then re-run with the new principal and remaining tenure to compare total interest saved.
When should I use the Balance Transfer (BT) Calculator tab?
Use it when a new lender offers a lower rate. Balance transfer is often beneficial if the new rate is at least 0.50–0.75% lower, you have several years left, and transfer costs are modest relative to interest saved.
Does the EMI shown include fees, insurance, GST, or tax benefits?
No. EMI is based only on principal, interest rate, and tenure. It excludes processing fees, insurance, stamp duty, and tax benefits under Sections 24(b) and 80C.
How should I use EMI results when comparing different loan offers?
Keep the same loan amount and tenure, then compare rates, total interest, and repayment schedules side by side. A small rate difference can materially change lifetime interest, especially on long tenures.
Easiloan is a loan advisory platform, not a direct lender. Rates shown are indicative, sourced from partner banks, and subject to change based on your eligibility and the lender's final assessment.