🏠 Mortgage / Home Loan Calculator
Calculate your home loan EMI, total interest, and amortization schedule. Works for any bank — SBI, HDFC, ICICI, LIC Housing Finance and more.
Home Loan EMI Calculator
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Monthly EMI
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Total Payment
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Total Interest
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Loan-to-Value
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Down Payment
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Payoff Month
Amortization Schedule (Year-wise)
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Frequently Asked Questions
What is the EMI for ₹50 lakh home loan at 8.75% for 20 years?
The EMI for a ₹50 lakh home loan at 8.75% annual interest for 20 years is approximately ₹44,089 per month. Total payment over 20 years = ₹1,05,81,360, of which ₹55,81,360 is interest.
What is LTV ratio in home loans?
LTV (Loan-to-Value) is the ratio of loan amount to property value. RBI guidelines allow maximum 90% LTV for loans up to ₹30 lakh, 80% for ₹30–75 lakh, and 75% for above ₹75 lakh. Higher down payment means lower LTV and better loan terms.
Can I reduce my home loan EMI?
Yes — you can make prepayments to reduce principal faster, request a longer tenure (reduces EMI but increases total interest), or refinance to a lower interest rate. Even annual prepayment of 1 EMI can reduce loan tenure by 3–4 years.