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🏦 EMI & Loan Calculator

Advanced EMI engine · Amortization schedule · Pre-payment impact · Tax benefits (24b / 80C) · Rate comparison · Affordability analysis

🏠 Home Loan Calculator

Adjust sliders or type values directly

Loan Amount
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₹1L₹5Cr
Interest Rate
% / yr
5%30%
Loan Tenure
years
1 yr30 yrs
Processing Fee
%
Pre-Payment / Part-Payment Analysis
💰 Pre-Payment Details
Show Tax Benefits (Home Loan)
🧾 Tax Benefit Inputs
Monthly EMI
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—
₹0
Principal
₹0
Total Interest
₹0
Total Payment
0.0x
Cost Ratio
₹0
Processing Fee
0.0%
Effective Cost (XIRR)
Incl. processing fee
₹0
Yr 1 Principal Paid
₹0
Yr 1 Interest Paid
⚡ Pre-Payment Impact Analysis
₹0
Interest Saved
0 months
Tenure Reduced
₹0
New EMI / Tenure
🧾 Annual Tax Benefits (Home Loan)
₹0
Sec 24(b) Saving
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Sec 80C Saving
₹0
Total Tax Saving / yr
*Sec 24(b): Max ₹2L for self-occupied, full interest for let-out · 80C: Principal repayment counted in ₹1.5L limit · cess @4% included
Loan Analytics
AI LOAN OPTIMIZER INSIGHTS
RATE SENSITIVITY — HOW RATE CHANGES AFFECT YOU
AFFORDABILITY ANALYSIS
How does your EMI compare to standard income benchmarks?
YEAR-WISE AMORTIZATION SCHEDULE
Year Opening Balance Principal Paid Interest Paid Total Paid Closing Balance
Disclaimer: EMI calculations use the standard reducing balance method. Tax benefits are indicative — Sec 24(b) allows up to ₹2L interest deduction for self-occupied property; let-out properties allow full interest deduction (set-off limited to ₹2L against salary income from FY 2017-18). Sec 80C principal repayment is capped within the ₹1.5L aggregate limit. Consult a CA for personalised advice. Finin2min | finin2min.com
⚠ Disclaimer
All calculators on Finin2min are for informational and illustrative purposes only. Calculations are based on user-provided inputs and standard financial formulas. Results are indicative estimates and may not reflect actual returns, tax liability, or financial outcomes. Tax computations are based on publicly available Indian tax laws (Finance Act 2025) and may not account for all individual circumstances. Finin2min is not a registered financial advisor, CA, tax consultant, or legal professional. Always consult a qualified Chartered Accountant, SEBI-registered advisor, or relevant professional before making financial or tax decisions. Finin2min is not liable for any decisions made on the basis of outputs from these calculators.
© 2026 Finin2min. All rights reserved. www.finin2min.com Calculator accuracy not guaranteed · For professional use consult a CA/SEBI advisor

EMI Formula Used

EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1]  |  P = Principal · r = Monthly rate (Annual% ÷ 12 ÷ 100) · n = Tenure in months

Frequently Asked Questions

What is the EMI for a ₹50 lakh home loan at 8.5% for 20 years? ▼
Approximately ₹43,391/month. Total interest over 20 years: ~₹54.1 lakh. Total repayment: ~₹1.04 crore. Enter your figures in the calculator above for exact results. See also: Buy vs Rent Calculator.
Does prepayment reduce EMI or tenure? ▼
You can choose either — most banks offer both options. Reducing tenure saves significantly more interest. A ₹5 lakh prepayment in year 3 of a ₹50L, 20-year loan saves approximately 3–4 years of EMIs and over ₹10 lakh in interest.
Can I claim tax deduction on home loan EMI? ▼
Under the Old Tax Regime: interest paid is deductible up to ₹2L under Section 24(b); principal repayment up to ₹1.5L under Section 80C. Not available under the New Tax Regime. Use our Income Tax Calculator to see the full impact.
What is the difference between flat rate and reducing balance EMI? ▼
Reducing balance (used by all Indian banks per RBI guidelines) charges interest only on the outstanding principal. Flat rate charges interest on the original amount throughout — making the flat rate effectively ~1.8× more expensive than the stated reducing rate. All results on this calculator use the reducing balance method.
How does my CIBIL score affect EMI? ▼
CIBIL score doesn't change the formula, but it determines your interest rate. A score above 750 typically earns 0.25–0.5% lower rate, which on a ₹50L, 20-year loan can save ₹5–10 lakh in total interest.
What is the maximum home loan I can get? ▼
Banks generally lend up to 80% of the property value (LTV) for loans above ₹75L, and up to 90% for loans below ₹30L (RBI guidelines). Loan eligibility is also capped at ~40–50% of net monthly income as EMI (debt-to-income ratio). Use this calculator to back-calculate: enter the maximum EMI you can afford to find the loan amount.

Related Calculators

🏠 Buy vs Rent 🧾 Income Tax (80C benefit) 🚗 Lease vs Buy 📈 SIP Calculator