Home Loan EMI Calculator
Plan your home loan payments. Adjust the parameters to see how extra payments can reduce interest and shorten your loan.
Loan Parameters
Regular Plan
Monthly EMI
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Total Interest
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Total Payment
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Affordability
With Extra Payments
New Loan Term
Interest Saved
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Savings Percentage
% of total interest
Affordability Insights
Current EMI to Income
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After 3 Years
NaN%
After 5 Years
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Tips & Cautions (Maharashtra)
- Tax Benefits: Section 80C for principal (₹1.5L) and Section 24(b) for interest (₹2L) can lower your taxable income.
- Prepay If Possible: Even 1 extra EMI/year can save big. But keep an emergency fund first.
- Compare Offers: Check multiple banks and NBFCs in Maharashtra for better rates.
- Check Fine Print: Look out for hidden fees, prepayment penalties, etc.
- Timely EMIs: Missing EMIs can lead to penalties and lower credit score.
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