FinCalc

Home Loan EMI Calculator

Calculate your housing loan EMI and total interest โ€” and see how much an annual prepayment saves you in interest and tenure.

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Monthly EMI
โ€”
Principalโ€”
Total interest (no prepayment)โ€”
Total payment (no prepayment)โ€”
With prepayment โ€” interest savedโ€”
With prepayment โ€” loan closes inโ€”
Principal Interest

Yearly amortization

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Why prepayment matters on home loans

Because home loan tenures are long, interest often exceeds the principal itself. Even one extra EMI per year, applied to principal, can cut a 20-year loan by 3โ€“4 years. Use the prepayment slider above to see your exact savings.

Tax benefits (India)

Old regime: deduction up to โ‚น1.5L on principal under Section 80C and up to โ‚น2L on interest under Section 24(b) for self-occupied property. Compare regimes in our Income Tax Calculator.

FAQ

Fixed vs floating rate?

Most Indian home loans are floating, repo-linked. When rates change, lenders usually adjust tenure rather than EMI โ€” recalculate here with the new rate to see the effect.

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