Home Loan Calculator
Calculate EMI, plan prepayments, and analyze your home loan with advanced features
Loan Details
Enter the total loan amount needed
Current home loan rates: 8.5% - 11.5%
Typical tenure: 15-30 years
Used for affordability analysis
Quick Presets
Home Loan Guide
🏠 Choosing the Right Loan
- • Compare interest rates from multiple lenders
- • Consider processing fees and hidden charges
- • Check for prepayment penalties
- • Evaluate fixed vs floating rates
💰 Smart EMI Management
- • Keep EMI under 40% of monthly income
- • Plan for salary increments and bonuses
- • Consider step-up EMI options
- • Maintain emergency fund of 6 months EMI
📊 Tax Benefits Strategy
- • Claim ₹1.5L under Section 80C for principal
- • Deduct ₹2L interest under Section 24
- • Additional ₹1.5L for first-time buyers
- • Co-ownership increases tax benefits
Smart Home Buying Tips
✅ Before Taking Loan
- • Check and improve credit score (750+)
- • Save for 20% down payment
- • Research property location and builder
- • Get property legally verified
- • Compare multiple lenders
⚡ During Loan Tenure
- • Make prepayments when possible
- • Consider loan transfer for better rates
- • Keep loan documents safe
- • Pay EMIs on time to avoid penalties
- • Review and optimize annually