Calculators

The Equated Monthly Instalment, or EMI, is the monthly payment a house loan borrower must make in order to repay the loan within the stated loan term.

The EMI calculator can help you determine whether you can afford the long-term financial commitment of a house loan. Depending on the amount you're getting and the time period for which you'll be paying the equivalent monthly instalments, you can increase or decrease your EMI amount.

Part-payment decreases the principal, which lowers the amount of interest you must pay, resulting in cheaper EMIs.

You can enjoy taxation advantages around Rs. 1.5 lakh on the principal value returned through EMIs each year under Section 80C. You can also claim a house loan tax benefit on the interest component of the loan that you return annually through your EMIs up to Rs. 2 lakhs under Section 24.

To complete their application, home loan applicants must provide personal, income, and property-related documents. PAN cards, Aadhar cards, utility bills, paycheck slips, and ITRs are just a few examples.

The simplest way to calculate the home loan eligibility and the home loan EMI is to make use of the Calculator available on our portal. It is a free online tool that allows you to plan the home loan in an efficient and clearer manner.

Under Section 80C of the Income Tax Act, 1961, you can claim up to INR 1.5 lakhs on the principal amount, registration cost and the stamp duty charges of the housing loan.

No. Under the guidelines of the RBI, a lender cannot lend 100% of the home loan. Depending on the lender you have opted for, you may be able to take a home loan for about 80% to 90% of the purchase price of the property. You would, however, have to make a down payment of the remaining amount on your own.