EMI calculator

Your EMI breakdown

Good to know

• Your rate is normal. You may get lower

  Best rates start at 7.1% for a credit score above 750. Just 0.5% less would save you ₹3,77,861 in interest.

• Your tenure is in the usual range

  15 to 20 years is what most buyers pick. If you can manage it, 15 years saves ₹15,74,462 in interest, with an EMI of ₹49,531.

• The income this EMI needs

  Keep all EMIs under 30% of your take-home pay to live comfortably: that means ₹1,45,694 a month. Banks may allow up to 50% (₹87,416 a month), but that leaves little room.

• Pay a little extra each month

  Paying ₹4,000 more every month ends the loan about 3.8 years early and saves ₹11,99,079. Floating-rate home loans have no charge for paying early.

Year by year

In the early years, most of your EMI goes to interest, not to the loan. The green bar shows how much of your loan you paid off that year.