Mortgage Calculator India
Calculate your home loan EMI based on current rates & regulations
Your Estimated Monthly EMI
Total payable amount: ₹ 56,80,800
Principal Amount
Total Interest
Loan Tenure
Payment Schedule (First 12 Months)
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
|---|
Current Home Loan Interest Rates (2026)
Based on the latest data, interest rates in India currently start from 7.10% p.a. for eligible borrowers[citation:2][citation:8]. Below are rates from some major lenders:
Regulatory Note: Since 2016, the Reserve Bank of India (RBI) has mandated the MCLR (Marginal Cost of Funds based Lending Rate) system for floating rate loans[citation:5][citation:7]. Floating rates are linked to external benchmarks like the RBI repo rate, while fixed rates remain constant for the agreed period[citation:2].
Your Guide to the Mortgage Calculator India: 2025 Rules & Accurate EMI Estimates
Confused about home loan EMIs and 2025’s latest rules? Our Mortgage Calculator India is designed to clear the air. This FAQ explains how it works and how to use it for smart financial planning.
How Does This Mortgage Calculator Work?
The calculator uses the standard EMI formula approved by the Reserve Bank of India (RBI): EMI = [P x r x (1+r)^n] / [(1+r)^n – 1], where P is the principal loan amount, r is the monthly interest rate, and n is the loan tenure in months. Simply adjust the sliders for Loan Amount, Interest Rate, and Tenure to see your estimated monthly payment (EMI), total interest, and a full payment breakdown in real-time.
Is the Mortgage Calculator India Updated for 2025 Rules?
The core calculation engine is accurate and reliable. However, for the most precise estimate, you should input the latest interest rates manually.
· Why? The financial landscape changed in 2025. The RBI reduced key policy rates, leading banks to lower their home loan offerings. While the calculator’s default rate is a close estimate, entering a current rate (e.g., 7.25% – 7.45% as seen in late 2025) will yield the most accurate result for your planning.
· Updated Regulations: The calculator’s framework reflects ongoing borrower-friendly rules, such as no prepayment penalties on floating-rate loans. A key 2025 update sets January 1, 2026, as the date for banks to remove foreclosure charges on certain floating-rate loans, a change prospective borrowers should note.
How Can I Get the Most Accurate EMI Estimate?
Follow these steps for a tailored calculation:
- Find Your Rate: Check the latest home loan interest rates on the websites of major banks like SBI, HDFC, or ICICI Bank.
- Input Manually: Enter this current rate into the calculator’s slider.
- Plan Your Budget: Use the interactive sliders to test different loan amounts and tenures. See how a slightly larger down payment or a shorter loan term can significantly reduce your total interest burden.
What Other 2025 Rules Should I Know?
Beyond rates, recent regulations empower borrowers:
· Prepayment Freedom: You can prepay floating-rate loans without extra charges, helping you become debt-free faster.
· Document Right: Lenders must return your original property documents within 30 days of loan closure.
· LTV Clarity: Loan-to-Value ratios (like 90% for properties ≤ ₹30 lakh) guide how much you can borrow versus the property’s value.
What’s My Next Step?
Use this calculator as your first planning tool. It provides a clear, instant snapshot of your potential financial commitment. For final decisions, always consult directly with your bank or a financial advisor, using your personalized calculation from this tool as a reference point.
Ready to plan? Input today’s best rates and start your journey to home ownership with confidence.
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