🏠 Home Loan EMI Calculator India 2026
Mortgage & Home Loan EMI Calculator with Tax Benefits
This home loan EMI calculator is India’s most complete tool: instant EMI, full schedule, prepayment, tax deduction & affordability. Presets for SBI, HDFC, ICICI, Axis & more. Compare with our Mortgage Calculator India for advanced planning.
📅 Amortization Schedule
⚡ Quick EMI Lookup — At Your Selected Rate (8.75%)
💳 Prepayment Impact Calculator
RBI: zero prepayment penalty on floating rate home loans.
🛡️ Section 24B & 80C Home Loan Tax Benefit Calculator
Available under the Old Tax Regime only. Compare with our Income Tax Calculator India.
👨💼 Home Loan Affordability Calculator
Banks allow EMI up to 40–50% of net income. For detailed assessment, use Loan Eligibility Calculator India.
🏦 Home Loan Interest Rates — All Major Banks India 2026
| Bank / Lender | Min Rate | Max Rate | Processing Fee | Max Tenure |
|---|---|---|---|---|
| State Bank of India | 8.50% | 9.85% | 0.35% | 30 yrs |
| Bank of India | 8.25% | 10.00% | 0.25% | 30 yrs |
| Canara Bank | 8.40% | 11.25% | 0.50% | 30 yrs |
| LIC Housing Finance | 8.35% | 10.75% | Nil-0.50% | 30 yrs |
| HDFC Bank | 8.75% | 9.75% | 0.50% | 30 yrs |
⚠️ Rate Advisory: Rates linked to RBI repo. RBI notification on external benchmark.
📖 What is a Home Loan EMI Calculator?
A home loan EMI calculator helps you compute monthly installments instantly. Use our Mortgage Calculator India for detailed planning, and check Credit Score Impact on rates.
EMI Formula: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
⚖️ Fixed vs Floating Rate Home Loan — Which is Better in 2026?
| Parameter | Fixed Rate | Floating Rate (RLLR-linked) |
|---|---|---|
| Interest Rate Stability | Fixed | Changes with repo |
| Prepayment Penalty | 2–3% | NIL (RBI mandate) |
Check PPF vs ELSS Calculator for investment alternatives.
📏 LTV Ratio — How Much Can You Borrow?
| Property Value | Max LTV |
|---|---|
| Up to ₹30L | 90% |
| ₹30L–75L | 80% |
Also calculate Stamp Duty & Registration costs.
📋 Home Loan Documents Required — 2026 Checklist
Salaried: Aadhaar, PAN, salary slips. Self-employed: ITR 3y, CA financials.
🔄 Home Loan Balance Transfer — When It Makes Sense
Use our FD Calculator to compare opportunity cost.
🏠 PMAY (Pradhan Mantri Awas Yojana) — 2024–2026 Update
CLSS expired. PMAY-Urban 2.0 direct subsidy.
🔗 Related Indian Financial Calculators
⚠️ Disclaimer: This home loan EMI calculator provides estimates only. Consult a professional advisor.