Home Loan EMI Calculator (2026 rates)
Plan your home loan EMI with current 2025-26 indicative interest rates from India's top lenders — SBI, HDFC, ICICI, Axis Bank, LIC Housing and Bank of Baroda. Compare lenders, estimate your monthly EMI and see the full amortization schedule.
🚀 Open the Home Loan EMI Calculator (2026 rates) →
Formula
Same reducing-balance EMI formula: EMI = P × R × (1+R)^N / ((1+R)^N − 1). For a ₹50 lakh home loan at 8.75% for 20 years, EMI ≈ ₹44,186.
Example
₹50,00,000 home loan @ 8.75% p.a. for 20 years (240 months): • EMI ≈ ₹44,186/month • Total interest ≈ ₹56,04,654 • Total payment ≈ ₹1,06,04,654
Frequently Asked Questions
What is the current home loan interest rate in India?
As of 2025-26, home loan rates range roughly from 8.40% to 10.60% p.a. depending on the lender, your CIBIL score, and loan-to-value ratio.
Can I claim tax deduction on home loan?
Yes — Section 80C allows up to ₹1.5 lakh on principal repayment, and Section 24(b) allows up to ₹2 lakh on interest paid (for self-occupied property, old regime).
What is the maximum home loan tenure?
Most banks offer home loans up to 30 years, subject to your retirement age.
Related calculators
- EMI Calculator — Loan EMI, Interest & Schedule
- Loan Comparison Calculator — Compare 2 Loans Side-by-Side
- Income Tax Calculator FY 2025-26 — Old vs New Regime
EMI Mitra is a 100% free, on-device personal-finance toolkit for India. No signup, no data leaves your browser. Explore all calculators →