What home loan tenure should I choose?

Longer tenure = lower EMI but higher total interest. A 20-year tenure usually balances affordability and total cost.

What tax benefits do I get on a home loan?

Up to ₹2L on interest under Section 24(b) and ₹1.5L on principal under Section 80C, for self-occupied property.

Floating rates are typically 1–2% lower over the long term but EMI can fluctuate. Fixed rates give certainty but cost more.

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Plan your home loan repayment.

Reviewed by Nisha SLast verified 6 Sept 2026RBI-compliantFact-check policy

Loan Amount₹50,00,000

₹100K₹1000L

Interest Rate %8.5%

5%30%

Tenure (years)20 yrs

530

Monthly EMI₹43,391

Total Interest₹54,13,879

Total Payment₹1,04,13,879

Compare rates across 50+ banks.

Personalised plan in 60 seconds.

Calculate equated monthly installments for your home loan based on amount, rate and tenure.

EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]

Everything you need to know about the Home Loan EMI.

Results are illustrative estimates for planning. Actual figures depend on bank/AMC terms, taxes and market conditions.