Enter property value, down payment, and your income to check affordability.
Rs 50,00,000
Rs 5,00,000Rs 10,00,00,000
20% (₹10,00,000.00)
5%80%
8.5%
5%15%
20 years
1 years30 years
Rs 80,000
Rs 10,000Rs 10,00,000
Monthly EMI₹34,713.00
Loan Amount₹40,00,000.00
Down Payment₹10,00,000.00
Total Interest₹43,31,103.00
Total Cost (incl. down payment)₹93,31,103.00
EMI is 43% of your income. This is within the recommended 50% limit.
Home Loan Planning Tips
Save at least 20% of the property value as down payment to avoid paying PMI (Private Mortgage Insurance) and to get better interest rates. Your EMI should not exceed 40-50% of your monthly income to maintain a healthy financial life.
Home loan interest up to Rs 2 lakh per year is deductible under Section 24(b) of the Income Tax Act. Principal repayment up to Rs 1.5 lakh qualifies under Section 80C. First-time home buyers can get additional deduction under Section 80EEA. Check if you qualify for PM Awas Yojana subsidy.