2025–2026 RBI & Tax Compliant
Home Loan EMI Calculator India
Calculate monthly EMI, interest split, total repayment & view complete month-by-month amortization schedule.
Input Parameters
₹5,000,000
₹
8.5 %
%
20 Yrs
Yrs
ESTIMATED RESULT
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Updated dynamically
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Full Schedule LockedCurrent Home Loan Rates in India (2026)
Compare live floating home loan interest rates and processing fees from top Indian lenders:
| Bank / Lender | Interest Rate (% p.a.) | Processing Fee |
|---|---|---|
| State Bank of India (SBI) | 8.50% – 9.65% | 0.35% of loan amount (Min ₹2,000, Max ₹10,000) + GST |
| HDFC Bank | 8.70% – 9.80% | 0.50% of loan amount or ₹3,000 (whichever is higher) + GST |
| ICICI Bank | 8.75% – 9.75% | 0.50% - 1.00% of loan amount + GST |
| Axis Bank | 8.75% – 9.65% | Up to 1% of loan amount (Min ₹10,000) + GST |
| Bank of Baroda | 8.40% – 10.60% | NIL (under festive offer) / 0.25% + GST |
| Punjab National Bank (PNB) | 8.45% – 10.25% | 0.35% of loan amount (Min ₹2,500, Max ₹15,000) + GST |
Frequently Asked Questions
The standard EMI formula is: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is Principal loan amount, R is monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the number of monthly installments.
Even a 0.5% reduction in interest rate can save ₹3 Lakhs to ₹6 Lakhs in total interest over a 20-year ₹50 Lakh home loan.
Yes. As per RBI guidelines, banks cannot charge foreclosure penalties on floating-rate individual home loans.