Core Calculators
Mortgage Calculator
Calculate home loan EMI from property price and down payment
Loan details
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₹
%
yrs
Monthly EMI
₹0
How mortgage EMI is calculated
Loan amount = Property price minus down payment. EMI is then computed on the loan amount.
EMI = P × r × (1+r)n / ((1+r)n − 1)
Why use it
Detailed features
Bank-standard
Reducing-balance EMI formula.
Interest breakdown
See total interest and repayment.
Instant results
Updates as you type.
On the go
Also in the Toolance app.
Frequently asked questions
Banks look at net income, existing EMIs and a FOIR limit, often around 50% to 60% of income for all loans combined. Use our loan eligibility calculator for a rough maximum before you shortlist properties.
Lenders usually finance 75% to 90% of property value depending on the loan amount and your profile. You pay the rest plus registration, stamp duty and other charges from your own funds.
Loan amount equals property price minus down payment. EMI is then computed on that amount using the annual interest rate and tenure in years. Our mortgage calculator does this in one step.
A shorter tenure means higher EMI but much less total interest. If your budget allows the higher EMI, you save lakhs over the loan life. Compare both options here before you apply.
On floating loans, the bank can revise rate when RBI repo moves, so EMI or tenure may change. Fixed-rate products keep EMI stable for the agreed period, then often switch to floating.
No. EMI covers only principal and interest on the home loan. Society maintenance, property tax and insurance are separate monthly costs you should budget for.
This is a planning estimate only. Actual sanction amount, rate, insurance and legal fees come from your lender. We do not replace professional home loan counselling.
No registration required. Enter property price, down payment, rate and tenure and see EMI instantly at no cost.