Calculate the cost
of your future home.

RBI caps the loan at 90% of the property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh. Within those limits, lenders look at your income, existing EMIs, age and credit score many keep total EMIs within roughly 40–50% of net monthly income.

A longer tenure gives a smaller EMI but you pay much more interest over the life of the loan. A shorter tenure costs less overall but needs a higher monthly payment. Try both in the calculator above and remember you can usually prepay later if your income grows.

Under the old tax regime, principal repayment counts towards the ₹1.5 lakh deduction limit (formerly Section 80C), and interest on a self-occupied home is deductible up to ₹2 lakh a year (formerly Section 24(b)). These deductions are not available for a self-occupied home under the new regime. Joint owners who are also co-borrowers can each claim their share. See our Tax Benefits guide.

Floating rates are linked to an external benchmark usually the RBI repo rate so your EMI or tenure changes when rates move. Fixed rates are typically higher but give predictable payments, often only for an initial period. Compare the rate, reset terms and prepayment rules before choosing.

For floating-rate home loans taken by individuals, RBI rules don't allow lenders to charge prepayment or foreclosure penalties. Fixed-rate loans may carry charges, so check your loan agreement. Even small part-prepayments in the early years can noticeably cut your total interest.