Mortgage Calculator (India)
Calculate your home loan EMI, total interest, and payment schedule
About Home Loans in India
Home loans in India typically have the following features:
- Loan amounts from ₹5 lakhs to ₹10 crores
- Interest rates ranging from 8% to 12% (as of 2023)
- Loan terms from 5 to 30 years
- Fixed or floating interest rate options
- Prepayment charges may apply (usually 0-2%)
Tips for Home Loan Borrowers
- Compare rates from multiple banks and NBFCs
- Check for processing fee waivers
- Consider taking insurance with your home loan
- Make prepayments when possible to reduce interest
- Maintain a good CIBIL score (750+) for better rates