What is the maximum tenure for a home loan?

Most banks in India offer home loans with a maximum tenure of 30 years. However, the maximum tenure available to you depends on your age at the time of loan maturity — the loan must be repaid before you turn 60-65 years.

Can I prepay my home loan without penalty?

Yes, as per RBI guidelines, banks cannot charge prepayment penalties on floating-rate home loans. For fixed-rate home loans, banks may charge a prepayment penalty of up to 2% of the outstanding principal.

How much home loan can I get based on my salary?

Generally, banks offer home loans up to 60 times your net monthly salary. Your total EMI obligations (including the new home loan) should not exceed 50-60% of your net monthly income.

Home Loan Calculator

Home Loan EMI Calculator

Plan Your Dream Home in 2026

Calculate your monthly home loan EMI with preset rates optimized for the Indian housing market.

Home Loan EMI Calculator

Adjust the sliders to calculate your monthly EMI

Monthly EMI

₹43,391

Principal

₹50.00 L

Interest

₹54.14 L

Total

₹1.04 Cr

Loan Amount

₹

₹10K₹5.00 Cr

Interest Rate (p.a.)

0.5%15%

Loan Tenure

1 Year30 Years

Monthly EMI

₹43,391

Principal

Interest

Principal

₹50,00,000

Interest

₹54,13,879

Total

₹1,04,13,879

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Amortization Schedule

Year-by-year breakdown of your loan repayment

Month	EMI	Principal	Interest	Balance
1	₹43,391	₹7,974	₹35,417	₹49,92,026
2	₹43,391	₹8,031	₹35,360	₹49,83,995
3	₹43,391	₹8,088	₹35,303	₹49,75,907
4	₹43,391	₹8,145	₹35,246	₹49,67,762
5	₹43,391	₹8,203	₹35,188	₹49,59,559
6	₹43,391	₹8,261	₹35,130	₹49,51,298
7	₹43,391	₹8,319	₹35,072	₹49,42,978
8	₹43,391	₹8,378	₹35,013	₹49,34,600
9	₹43,391	₹8,438	₹34,953	₹49,26,162
10	₹43,391	₹8,498	₹34,894	₹49,17,665
11	₹43,391	₹8,558	₹34,833	₹49,09,107
12	₹43,391	₹8,618	₹34,773	₹49,00,489

How Home Loan EMI Works

A home loan is typically the largest financial commitment you'll make. Understanding how your EMI is calculated can help you make a more informed decision and potentially save lakhs over the loan tenure.

Lower Rates = Huge Savings

Even a 0.5% difference in interest rate can save you ₹3-5 lakhs over a 20-year home loan of ₹50 lakhs.

Pre-payment Power

Making one extra EMI payment per year can reduce your 20-year home loan tenure by 3-4 years.

Frequently Asked Questions

As of 2026, competitive home loan interest rates in India range from 8.25% to 9.5% p.a. depending on your credit score, loan amount, and the bank. Public sector banks like SBI and PNB often offer slightly lower rates than private banks.