Interactive Calculator
Home Loan EMI Calculator
2026 — Indian Banks
Calculate your monthly EMI, total interest, tax savings under Section 24(b) and 80C, and view the full year-by-year amortization schedule. Compare bank rates.
Loan Details
₹50.00 L
Used to calculate annual tax saving from home loan deductions
EMI Breakdown
Principal vs Interest Split
Monthly EMI
₹43,391
Total Interest
₹54.14 L
Total Payment
₹1.04 Cr
Effective EMI (after tax)
₹35,903
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.
Planning your home budget?
Use our Cost Calculator to estimate construction + interior costs, then come back here to calculate your EMI.