Calculate your exact monthly home loan EMI in seconds. Compare rates from SBI, HDFC, ICICI, Axis and 20+ banks. Free forever.
About Home Loans
A home loan EMI calculator helps you plan your home purchase by calculating the exact monthly instalment you need to pay. Simply enter the loan amount, interest rate and tenure to get your EMI instantly.
Our home loan EMI calculator uses the reducing balance method — the same method used by all Indian banks and NBFCs including SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Bank of Baroda.
Banks typically offer up to 80-90% of the property value as home loan. For a property worth ₹60 lakhs, you can get up to ₹48-54 lakhs as loan.
Home loans can have tenures up to 30 years in India. Longer tenure means lower EMI but higher total interest paid over the loan period.
A CIBIL score above 750 gets the best home loan interest rates. Scores below 650 may result in higher rates or loan rejection.
Home loan borrowers can claim deduction up to ₹2 lakhs on interest paid under Section 24(b) and ₹1.5 lakhs on principal under Section 80C annually.
Bank Comparison
Compare home loan interest rates from all major Indian banks. Rates are indicative and may change. Always check with the bank directly before applying.
| Bank | Interest Rate | Max Tenure | Processing Fee |
|---|---|---|---|
| State Bank of India (SBI) | 8.50% p.a. | 30 years | 0.35% + GST |
| HDFC Bank | 8.70% p.a. | 30 years | 0.50% + GST |
| ICICI Bank | 8.75% p.a. | 30 years | 0.50% + GST |
| Axis Bank | 8.75% p.a. | 30 years | 1% + GST |
| Kotak Mahindra | 8.75% p.a. | 20 years | 0.50% + GST |
| Bank of Baroda | 8.40% p.a. | 30 years | 0.25% + GST |
| Punjab National Bank | 8.45% p.a. | 30 years | 0.35% + GST |
FAQ