Home Loan EMI Calculator India — SBI HDFC ICICI Comparison
Home · Car · Personal · Education Loan — Amortization, Prepayment & Bank Comparison
India's home loan rates range from 8.35% (SBI) to 9.25% (private banks) in 2025 — even 0.25% difference saves ₹3–5 lakh over 20 years. Use this home loan EMI calculator to compare SBI, HDFC and ICICI rates side-by-side for your dream home. Enter your property value, down payment and preferred tenure to see exact monthly EMI and total interest cost instantly.
💡 Best Tenure Suggestion
Compare how tenure affects your EMI and total interest
🔄 Prepayment Calculator
See how a lump-sum prepayment reduces your loan burden
🏦 Compare Loan from 3 Banks
See EMI difference across banks for your loan amount of ₹10,00,000
📅 Amortization Schedule
Month-by-month loan repayment breakdown
| Month | EMI | Principal | Interest | Balance | Paid % |
|---|---|---|---|---|---|
| Month 1 | ₹8,678 | ₹1,595 | ₹7,083 | ₹9,98,405 | |
| Month 2 | ₹8,678 | ₹1,606 | ₹7,072 | ₹9,96,799 | |
| Month 3 | ₹8,678 | ₹1,618 | ₹7,061 | ₹9,95,181 | |
| Month 4 | ₹8,678 | ₹1,629 | ₹7,049 | ₹9,93,552 | |
| Month 5 | ₹8,678 | ₹1,641 | ₹7,038 | ₹9,91,912 | |
| Month 6 | ₹8,678 | ₹1,652 | ₹7,026 | ₹9,90,260 | |
| Month 7 | ₹8,678 | ₹1,664 | ₹7,014 | ₹9,88,596 | |
| Month 8 | ₹8,678 | ₹1,676 | ₹7,003 | ₹9,86,920 | |
| Month 9 | ₹8,678 | ₹1,688 | ₹6,991 | ₹9,85,232 | |
| Month 10 | ₹8,678 | ₹1,700 | ₹6,979 | ₹9,83,533 | |
| Month 11 | ₹8,678 | ₹1,712 | ₹6,967 | ₹9,81,821 | |
| Month 12 | ₹8,678 | ₹1,724 | ₹6,955 | ₹9,80,098 |
How to Use EMI Calculator India
Select your loan type (Home, Car, Personal, Education), enter loan amount, set interest rate and tenure. Get instant monthly EMI, total interest, amortization schedule, and bank comparison — all free, no login required.
EMI Formula — How It Works
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1) where P = Principal, r = monthly rate (Annual/12/100), n = months.
Example: ₹10 lakh at 8.5% for 20 years → EMI = ₹8,678/month · Total Interest = ₹10.83 lakh · Total Payment = ₹20.83 lakh.
When Should You Prepay Your Loan?
Prepaying in the first half of the tenure saves maximum interest — because early EMIs are mostly interest. A ₹2 lakh prepayment in year 2 of a 20-year home loan can save ₹4–6 lakh in total interest. Use our Prepayment Calculator above to see your exact savings.
Home Loan vs Car Loan vs Personal Loan — Key Differences
Home Loan: Lowest rates (8.5–9.5%), longest tenure (30 years), secured against property. Car Loan: Medium rates (8–10%), tenure 1–7 years, car as collateral. Personal Loan: Highest rates (10.5–24%), no collateral, fastest disbursement.
Frequently Asked Questions
What is the current SBI home loan interest rate in 2025?
SBI home loan rates in 2025 start at 8.50% p.a. for salaried borrowers with CIBIL 750+. Women borrowers get 5 bps concession (8.45%). Rates vary based on loan amount, LTV ratio and CIBIL score.
How much home loan can I get on ₹1 lakh salary?
On ₹1 lakh salary, banks offer ₹45–60 lakh home loan (EMI up to 40–50% FOIR). At 8.5% for 20 years, ₹50L loan = EMI ₹43,391. Co-applicant income increases eligibility significantly.
What is the minimum down payment for a home loan?
RBI mandates minimum 10–25% down payment (LTV 75–90%). Loans up to ₹30L: 90% LTV. ₹30L–₹75L: 80% LTV. Above ₹75L: 75% LTV. Higher down payment reduces EMI and avoids PMI charges.
Can I get home loan tax benefit?
Yes — Section 24(b): up to ₹2L deduction on interest (self-occupied). Section 80C: up to ₹1.5L on principal repayment. First-time buyers get additional ₹50k under Section 80EE (loan up to ₹35L, property up to ₹50L).