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Calculate your exact monthly EMI, see total interest paid, and learn how home loans work — all in one place. Buying property in Varanasi? Kashi Property is here to guide you for free.
Monthly EMI
per month for 20 years
| Year | EMI Paid | Principal | Interest | Balance |
|---|
A home loan lets you buy property by paying a small portion upfront (down payment) and borrowing the rest from a bank. You repay in equal monthly instalments (EMI) over 5–30 years. Each EMI has two parts: principal (the borrowed amount) + interest (the bank's fee).
Banks give 75–80% of the property value as loan (LTV ratio). You pay the remaining 20–25% from your own savings. Example: for a ₹50L home → bank gives ₹40L, you pay ₹10L upfront.
Your monthly EMI is fixed throughout the tenure. In the early years, most of it goes to interest. Over time, more goes toward principal. This is called an amortising loan — see the year-wise table above.
Floating: Rate changes with RBI repo rate — your EMI may go up or down. Fixed: Rate stays same for agreed period — predictable but slightly higher. Most Indian banks offer floating (RLLR-linked) loans today.
Banks allow your total EMI outgo to be max 40–50% of monthly income. If your salary is ₹50,000/month → max EMI ≈ ₹20,000–₹25,000. Use the calculator above to find a loan amount that keeps your EMI within this range.
Paying extra (even ₹5,000/month more) toward principal dramatically reduces total interest. Floating rate loans in India have zero prepayment penalty — you can close the loan early anytime.
Enter your monthly income to see how much loan you can typically get:
Exact list varies by bank. Kashi Property can help you prepare your file correctly.