Interactive Calculator · 2026
Home Loan EMI
2026 · 10 Indian Banks
Monthly EMI, total interest, tax savings under Section 24(b) and 80C, full year-by-year amortization, and side-by-side bank rate comparison.
Loan Details
₹50.00 L
Used to calculate annual tax saving from home loan deductions
EMI Breakdown
Principal vs Interest Split
48% principal · 52% interest over 20-yr tenure
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Effective EMI (after tax)
₹0
Loan Journey · Year 1 of 20
₹49.0 L still owed · ₹99,511 cleared
Watch the loan shrink — early years are interest-heavy, later years are principal-heavy.
Principal vs Interest Paid Each Year
Early years are interest-heavy; principal share grows over time.
Annual Tax Savings
Section 24(b) — Interest
Deduction: ₹2,00,000 (max ₹2L for self-occupied)
Section 80C — Principal
Deduction: ₹99,511 (max ₹1.5L, shared limit)
Total Tax Saved (30% slab)
₹89,853 / year
₹7,488 / month saved
Compare Bank Rates
March 2026 rates| Bank | Rate (p.a.) | EMI (₹50.00 L) | Action |
|---|---|---|---|
Union Bank | 8.35% | ₹42,918 | |
Bank of Baroda | 8.4% | ₹43,075 | |
Canara Bank | 8.4% | ₹43,075 | |
PNB | 8.45% | ₹43,233 | |
SBI | 8.5% | ₹43,391 | |
LIC Housing | 8.5% | ₹43,391 | |
HDFC | 8.7% | ₹44,026 | |
Kotak Mahindra | 8.7% | ₹44,026 | |
ICICI | 8.75% | ₹44,186 | |
Axis Bank | 8.75% | ₹44,186 |
Rates are indicative (March 2026). Actual rates depend on loan amount, profile, and CIBIL score. Verify with the bank.
Download EMI Report PDF
Complete EMI summary, tax savings, and year-by-year amortization schedule.
What this loan can buy
Indian metro context
₹30-50L · 1BHK
₹60-90L · 2BHK
₹1-2 Cr · 3BHK
₹2+ Cr · Villa
Plan interiors for your new home
Once you’ve locked the EMI, hand off to DesignAI for interior concepts that respect your post-EMI cashflow.
Related Guides — Deep-dive reading
Home Loan Affordability in India — 2026 Guide
FOIR, LTV, EMI, Tax Benefits, Bank Comparisons & How Much House You Can Actually Buy
ConstructionDoor GST HSN India 2026: Codes, Rates, Invoice & Tax Guide
GST on doors is 18% across wood, uPVC and metal — here is the HSN code for every door type and why you must insist on a proper tax invoice.
Home Doors & EntrancesSmart Budget Allocation for Indian Homes
Where every rupee should go — the allocation framework that prevents overspend and regret
Cost & MoneyRelated Tools — You may also find these useful
Home Loan Eligibility Checker
Eligible home loan amount across 12 Indian banks with rates, tenure, FOIR, and processing fees.
Loan CalculatorEMI vs Interior Budget Planner
Plan interior outlay against your home loan EMI. Cashflow waterfall, 3-way funding comparison, 36-month projection, phased-spend recommendation.
Affordability PlannerHome Loan Affordability Calculator
Max eligible home loan and property price from your income, FOIR, LTV, tenure, and interest rate — with Section 24(b) + 80C tax savings.
Loan Eligibility