How much home loan can I get?

Banks typically lend up to 75–90% of property value, capped at 40–55% of monthly income going to EMIs. Use our Loan Eligibility Calculator for an exact estimate.

Fixed or floating rate?

Floating, almost always. Indian fixed-rate home loans are usually 'fixed for 2 years then floating' anyway. Pure floating tracks repo + spread and tends to come down over long tenures.

How much can I save with prepayment?

A 10% annual prepayment on a 20-year loan can close it in ~12–13 years and save 40%+ of total interest. Use the prepayment toggle to model.

₹

WealthVizioCrunching the numbers…

₹

WealthVizioCrunching the numbers…

Loans

Home Loan Calculator

EMI, total interest and tax savings under 80C + 24b — with prepayment modeling.

Inputs

Loan amount

₹1,00,000₹50,00,000₹10,00,00,000

Interest rate

1%8.520%

Tenure

yrs

1 yrs2030 yrs

Your tax slab

0%Marginal income tax rate40%

Results

Monthly EMI

₹43,391

Total interest

₹54,13,879

Total payable

₹1,04,13,879

Old regime tax savings (Year 1)

Section 80C — principal eligible (max ₹1.5L)₹99,511

Section 24(b) — interest eligible (max ₹2L)₹2,00,000

Total deduction × 30% slab₹89,853

Year-1 numbers shown. Principal portion grows over time, interest shrinks — tax savings rebalance accordingly.

Home loan math beyond EMI

A home loan is the largest debt most Indians ever take. The headline EMI hides the real cost — interest is typically 80–100% of the principal over a 20-year tenure.

Old tax regime offers two strong deductions: ₹1.5L on principal (Section 80C) and ₹2L on interest (Section 24b) per year for self-occupied property. That can save ₹1L+ per year for top-bracket taxpayers.

Prepayments early in the loan slash total interest. Even small annual prepayments of ₹50K shave years off the tenure.

Home loan EMI

EMI = P × r × (1+r)^n / ((1+r)^n − 1)

P — Loan principal
r — Monthly interest rate (annual / 12 / 100)
n — Tenure in months
Tax saving = (80C eligible principal + 24b eligible interest) × marginal tax rate

Example: ₹50L home loan at 8.5% for 20 years

Principal: ₹50,00,000
Annual rate: 8.5%
Tenure: 240 months
Monthly EMI: ~₹43,391
Total interest: ~₹54,14,000
Total payable: ~₹1,04,14,000
Annual tax savings (old regime): ~₹1,05,000

A ₹50L home loan costs you over ₹1 Cr at completion. Tax benefits offset some, prepayments offset much more.

Frequently asked

Home loan strategy

1Keep EMI below 35% of monthly income for safety.
2Choose shorter tenure to minimize total interest.
3Make at least one extra EMI prepayment per year.
4Compare floating vs fixed — floating wins long-term in India.
5Use tax savings to fund the next prepayment.

Related calculators

₹

WealthVizioCrunching the numbers…

Loans

Home Loan Calculator

EMI, total interest and tax savings under 80C + 24b — with prepayment modeling.

Inputs

Loan amount

₹1,00,000₹50,00,000₹10,00,00,000

Interest rate

1%8.520%

Tenure

yrs

1 yrs2030 yrs

Your tax slab

0%Marginal income tax rate40%

Results

Monthly EMI

₹43,391

Total interest

₹54,13,879

Total payable

₹1,04,13,879

Old regime tax savings (Year 1)

Section 80C — principal eligible (max ₹1.5L)₹99,511

Section 24(b) — interest eligible (max ₹2L)₹2,00,000

Total deduction × 30% slab₹89,853

Year-1 numbers shown. Principal portion grows over time, interest shrinks — tax savings rebalance accordingly.

Home loan math beyond EMI

A home loan is the largest debt most Indians ever take. The headline EMI hides the real cost — interest is typically 80–100% of the principal over a 20-year tenure.

Prepayments early in the loan slash total interest. Even small annual prepayments of ₹50K shave years off the tenure.

Home loan EMI

EMI = P × r × (1+r)^n / ((1+r)^n − 1)

P — Loan principal
r — Monthly interest rate (annual / 12 / 100)
n — Tenure in months
Tax saving = (80C eligible principal + 24b eligible interest) × marginal tax rate

Example: ₹50L home loan at 8.5% for 20 years

Principal: ₹50,00,000
Annual rate: 8.5%
Tenure: 240 months
Monthly EMI: ~₹43,391
Total interest: ~₹54,14,000
Total payable: ~₹1,04,14,000
Annual tax savings (old regime): ~₹1,05,000

A ₹50L home loan costs you over ₹1 Cr at completion. Tax benefits offset some, prepayments offset much more.

Frequently asked

Home loan strategy

1Keep EMI below 35% of monthly income for safety.
2Choose shorter tenure to minimize total interest.
3Make at least one extra EMI prepayment per year.
4Compare floating vs fixed — floating wins long-term in India.
5Use tax savings to fund the next prepayment.

Related calculators