Calculate your home loan EMI for SBI, HDFC, ICICI or any bank. See the total interest you pay over the full tenure and what portion goes to principal vs interest each month.
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The amount you are borrowing — not the property price. Usually 75–90% of property value.
Current SBI home loan rates start at ~8.5%. Check your bank for exact rate.
Longer tenure = lower EMI but much higher total interest. 20 years is typical.
P = Loan amount r = Monthly rate (annual ÷ 12 ÷ 100) n = Total months
For a ₹50L loan at 8.5% for 20 years: Monthly rate = 0.708%, n = 240. Total interest paid = ₹56.6L — more than the loan itself.
As of 2025, home loan rates range from 8.4% to 9.5% depending on lender, loan amount, and borrower profile. SBI starts at ~8.5%, HDFC at ~8.6%. Rates are floating and linked to RBI repo rate.
Most banks offer up to 30 years. The loan must typically close before the borrower turns 65–70 years.
Yes. Every prepayment reduces the outstanding principal. Ask your bank to reduce tenure (better — saves more interest) rather than EMI.
Under old regime: Section 24(b) allows deduction of up to ₹2L/year on home loan interest for self-occupied property. Under new regime this deduction is not available.
Most banks offer home loans up to 30 years tenure for salaried employees. Self-employed borrowers typically get up to 20-25 years. Longer tenure reduces EMI but increases total interest paid significantly.