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Finance & Money Calculator
Illustrative math, reviewed October 2026 — not financial, tax, or legal advice. Verify rates and slabs before you sign or file.
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A home loan EMI calculator handles housing's defining trait: 15–30 year tenures where total interest can exceed principal. Borrow ₹50,00,000 at 8.5% over 20 years and the EMI is ₹43,391 — with ≈ ₹54,13,879 of lifetime interest, more than the amount borrowed. Early EMIs are mostly interest. Section 24(b) (interest) and Section 80C (principal, shared with other 80C items) can change the after-tax cost — TODO_CONFIRM those caps for the assessment year you are filing.
Enter the loan amount, the rate from the sanction letter, and tenure in years. Compare two tenures before signing: 20 versus 25 years barely moves the EMI but adds lakhs of interest. Remember a floating rate usually holds the EMI steady and stretches years when rates rise — this page does not recompute tenure after a repo change, so re-run it whenever your rate resets.
It does not apply 24(b)/80C caps, recompute tenure after a repo-rate reset, or include processing fees and insurance — confirm the current-year caps in the Income Tax Act or with a CA (TODO_CONFIRM) before you file or sign.
Illustrative math only — not financial advice or a bank quote.
Tax and statutory rules change; verify with a professional.
No. It shows the contractual EMI and interest. Tax deductions depend on self-occupied versus let-out status and annual caps that change — confirm with the Act or a CA (TODO_CONFIRM).
Over a long tenure interest compounds on the outstanding balance, so a 20-year home loan can pay back well over the borrowed amount. Shortening the tenure or prepaying principal is what cuts total interest, not a lower EMI.
Rarely to the rupee. Banks add fees and may use a different day-count or reset date. Use this to compare offers, then trust the amortisation schedule the lender issues.
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