India calculator
Mortgage Calculator India - 2025-2026
Our free mortgage calculator helps you make informed financial decisions in India. Whether you are planning your budget, evaluating a loan, or projecting investment growth, our calculator provides accurate results based on India specific rates and regulations.
At a Glance
What will my home loan EMI be in India?
Your home loan EMI depends on the loan amount, interest rate, and tenure. Use our free EMI calculator to get an instant payment breakdown for current Indian interest rates, including tax benefits under Section 24 and Section 80C.
Quick Answer
How much house can I afford in India?
In India, lenders offer up to 60x your monthly income. With ₹1L monthly income and ₹60L loan at 9% for 30 years, your EMI is approximately ₹48,300/month, plus property taxes, maintenance, and insurance. First home buyers benefit from PMAY subsidies (up to 6.5% interest reduction), Section 80C deduction on principal (₹1.5L), Section 24 deduction on interest (₹2L), and Section 80EEA additional deduction (₹1.5L). Use our home loan calculator to find your affordable price range.
Mortgage Calculator
Calculates monthly mortgage payments including taxes, insurance, and HOA
Inputs
Results
Monthly Payment
Loan Summary
How to Use the Mortgage Calculator
Follow these simple steps to get accurate results in just a few clicks.
- 1
Enter the property value
Input the total property price in ₹ including basic price, parking, club membership, and maintenance deposits.
- 2
Set your down payment
Enter your down payment percentage (typically 10-25% of the property value). Higher down payments qualify for better interest rates.
- 3
Choose your loan tenure
Select your preferred loan tenure up to 30 years. Longer tenures mean lower EMIs but higher total interest.
- 4
Enter the interest rate
Input the home loan interest rate offered by your lender. Check rates from SBI, HDFC, ICICI, and other leading banks.
- 5
Review your complete costs
See your EMI, total interest, total payment over tenure, and estimated tax savings under Sections 24, 80C, and 80EEA.
Mortgage Payments in India
Calculate monthly mortgage payments using India interest rates. Enter the property price, down payment, loan term, and interest rate to see your monthly payment breakdown.
India Property Costs
Factor in property taxes, insurance, and GST at 18% where applicable. Our calculator gives you the complete picture of home ownership costs in India.
Compare Mortgage Calculator
Last Updated: June 2026 — Reviewed Against Official Sources
Official Sources
India calculators use data from the following official government agencies:
- Income Tax Department — Income tax slabs, exemption limits, and deduction rules under the Income Tax Act.
- Data.gov.in — Open government data including economic indicators and demographic statistics.
- Ministry of Finance — Union Budget, fiscal policy, and GST rate notifications.
- Reserve Bank of India (RBI) — Repo rate, inflation data, and housing loan guidelines.
Methodology
Our India calculators use income tax slabs, GST rates, and contribution limits published by the Income Tax Department and the Ministry of Finance. Economic data is sourced from Data.gov.in and the Ministry of Statistics and Programme Implementation (MOSPI). All figures are for educational purposes and should be verified with a qualified chartered accountant.
Data Sources
All tax brackets, contribution rates, and economic data used in our calculators are sourced from the official government publications listed above. Rates are updated at least annually to reflect the latest tax year and regulatory changes. Users should verify critical figures with official sources or qualified professionals.
Last updated: June 2026. Information may change; always verify with official sources.