🇮🇳 Home Loan Calculator India
Calculate your home loan EMI in India using INR currency, current bank and HFC interest rates, and state-specific stamp duty estimates.
Currency
INR
Typical Rate
8.5%
Common Term
20 yrs
Stamp Duty & Registration
Included
Loan Details
Enter a home price to see your results
Your monthly payment, amortization schedule, and cost breakdown will appear here instantly.
Home Loans in India: An Overview
Home loans in India are offered by scheduled banks (like SBI, HDFC Bank, ICICI Bank) and dedicated housing finance companies (HFCs) such as HDFC Ltd. and LIC Housing Finance. Loan tenures typically range from 10 to 30 years, and most loans carry a floating interest rate linked to the RBI's repo rate through an external benchmark lending rate.
What Affects Your EMI
Your Equated Monthly Installment (EMI) depends on your loan amount, interest rate, and tenure — exactly the inputs used in our Mortgage Calculator. A longer tenure reduces your EMI but increases total interest paid; a shorter tenure does the opposite.
State-by-State Stamp Duty
Unlike the loan interest rate, stamp duty and registration charges in India are determined by state governments and can vary from roughly 5% in some states to 8% or more when combined with registration fees. Always confirm current rates with your local sub-registrar office before budgeting your total purchase cost.
Estimating Your Affordability
Indian lenders generally cap your EMI at around 40-50% of your net monthly income, depending on your overall financial profile. Use our Affordability Calculator to estimate a comfortable home price range based on your income and existing obligations.
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