Home Loan EMI Calculator
Calculate your monthly EMI and check if the property is truly affordable — including the double-burden during under-construction periods when you pay both EMI and rent.
EMI & Affordability Calculator
Banks require minimum 10–20%. Higher down payment = lower EMI.
Current SBI home loan rate is ~8.5–9%. Check your bank.
Affordability Check
Monthly EMI
₹56,557
Loan: ₹64.00 L · 8.75% · 20yr
Total Amount Paid
₹1.36 Cr
Total Interest
₹71.74 L
Income Multiple
Property price ÷ annual income
RBI guideline: 4–5× · <4× Comfortable · 4–6× Manageable · >9× Stretched
EMI-to-Income Ratio
EMI as % of monthly income
<30% Healthy · 30–40% Manageable · >50% High risk
How to use this calculator
Enter the property price, your preferred down payment percentage, the expected home loan interest rate, and your loan tenure. The calculator instantly shows your monthly EMI along with two key affordability indicators used by Indian banks and RBI guidelines.
What is the income multiple?
The income multiple tells you how many years of your annual household income the property costs. RBI and most financial planners recommend keeping this under 4–5×. Properties priced at more than 9× your annual income are considered financially stretched for most families.
The double burden problem
When buying an under-construction property, you often pay pre-EMI or full EMI to the bank while continuing to pay rent for your current home. This double burden — EMI + rent — can eat up 60–70% of monthly income for many Indian middle-class families. Use the double burden toggle to see the real monthly outgo during the construction period.
Current home loan interest rates (2025)
Most public sector banks (SBI, PNB, Bank of Baroda) offer home loans in the 8.4–9.0% range for salaried employees with good credit scores. Private banks (HDFC, ICICI, Axis) typically range from 8.75–9.5%. The actual rate depends on your CIBIL score, income, and loan amount.