# Homes Loan Calculator

> Homes Loan Calculator is a free set of tools for people in India who are about to take, or already carry, a home loan. We built it because most calculators give you one number and leave you to guess what it means. Here you see your EMI, your total interest and how the loan balance falls. You can also see what happens if you prepay, the rate changes or you borrow for longer. Everything runs in your browser. You don't sign up, and we don't store the numbers you enter. The pages are available in English, Hindi, Bengali, Marathi, Telugu and Tamil. Results are estimates for planning. Your bank's sanction letter is the final word on rates, fees and EMI. Ads pay for the site, and they never change the numbers we show.

## Formula

EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r is the monthly interest rate (annual rate / 12 / 100) and n is the number of monthly instalments.

## Pages (English)

- [https://homesloancalculator.in/](https://homesloancalculator.in/): Home Loan EMI Calculator: EMI, Interest & Prepayment. Free home loan EMI calculator for India. See your monthly EMI, total interest, how prepayment and rate changes affect it, and a yearly schedule.
- [https://homesloancalculator.in/home-loan-affordability-calculator](https://homesloancalculator.in/home-loan-affordability-calculator): Find out how much home you can afford from your income and EMIs, using the 50% bank limit and the safer 40% rule.
- [https://homesloancalculator.in/home-loan-balance-transfer-calculator](https://homesloancalculator.in/home-loan-balance-transfer-calculator): Check if switching your home loan to a lower rate pays off. See the new EMI, interest saved after fees and break-even months.
- [https://homesloancalculator.in/rent-vs-buy-calculator](https://homesloancalculator.in/rent-vs-buy-calculator): Compare buying a home with a loan against renting and investing the difference. Find the year when buying pulls ahead.
- [https://homesloancalculator.in/home-loan-down-payment-calculator](https://homesloancalculator.in/home-loan-down-payment-calculator): See the minimum down payment, the maximum loan and the stamp duty and registration costs for a home at any price.
- [https://homesloancalculator.in/rbi-repo-rate-history](https://homesloancalculator.in/rbi-repo-rate-history): Every RBI repo rate change since 2014 in one table and chart, with the current rate and what it means for your home loan EMI.
- [https://homesloancalculator.in/guides](https://homesloancalculator.in/guides): Short guides on home loan tax benefits, prepayment, balance transfer and the repo rate, with worked examples and calculators.
- [https://homesloancalculator.in/guides/home-loan-tax-benefits-80c-24b](https://homesloancalculator.in/guides/home-loan-tax-benefits-80c-24b): How much tax your home loan can save under Sections 80C and 24(b), who can claim it, and a worked example on a 50 lakh loan.
- [https://homesloancalculator.in/guides/prepay-home-loan-or-invest](https://homesloancalculator.in/guides/prepay-home-loan-or-invest): Should spare cash go to prepaying your home loan or into investments? A worked example on a 50 lakh loan and a simple rule to decide.
- [https://homesloancalculator.in/guides/home-loan-balance-transfer](https://homesloancalculator.in/guides/home-loan-balance-transfer): How a home loan balance transfer works, what it costs, and a worked example showing when switching banks saves money.
- [https://homesloancalculator.in/guides/repo-rate-and-your-emi](https://homesloancalculator.in/guides/repo-rate-and-your-emi): What the repo rate is, how banks pass changes on to your floating-rate home loan, and a worked example of what a 0.25% change does to your EMI.
- [https://homesloancalculator.in/home-loan-emi-calculator-5-years](https://homesloancalculator.in/home-loan-emi-calculator-5-years): EMI table for a 5-year home loan
- [https://homesloancalculator.in/home-loan-emi-calculator-10-years](https://homesloancalculator.in/home-loan-emi-calculator-10-years): EMI table for a 10-year home loan
- [https://homesloancalculator.in/home-loan-emi-calculator-15-years](https://homesloancalculator.in/home-loan-emi-calculator-15-years): EMI table for a 15-year home loan
- [https://homesloancalculator.in/home-loan-emi-calculator-20-years](https://homesloancalculator.in/home-loan-emi-calculator-20-years): EMI table for a 20-year home loan
- [https://homesloancalculator.in/home-loan-emi-calculator-25-years](https://homesloancalculator.in/home-loan-emi-calculator-25-years): EMI table for a 25-year home loan
- [https://homesloancalculator.in/home-loan-emi-calculator-30-years](https://homesloancalculator.in/home-loan-emi-calculator-30-years): EMI table for a 30-year home loan
- [https://homesloancalculator.in/home-loan-emi-at-7-5-percent](https://homesloancalculator.in/home-loan-emi-at-7-5-percent): EMI table for a home loan at 7.5%
- [https://homesloancalculator.in/home-loan-emi-at-8-percent](https://homesloancalculator.in/home-loan-emi-at-8-percent): EMI table for a home loan at 8%
- [https://homesloancalculator.in/home-loan-emi-at-8-5-percent](https://homesloancalculator.in/home-loan-emi-at-8-5-percent): EMI table for a home loan at 8.5%
- [https://homesloancalculator.in/home-loan-emi-at-9-percent](https://homesloancalculator.in/home-loan-emi-at-9-percent): EMI table for a home loan at 9%
- [https://homesloancalculator.in/home-loan-emi-at-9-5-percent](https://homesloancalculator.in/home-loan-emi-at-9-5-percent): EMI table for a home loan at 9.5%
- [https://homesloancalculator.in/home-loan-emi-at-10-percent](https://homesloancalculator.in/home-loan-emi-at-10-percent): EMI table for a home loan at 10%
- [https://homesloancalculator.in/home-loan-for-30000-salary](https://homesloancalculator.in/home-loan-for-30000-salary): Home loan you can get on a take-home salary of Rs 30000 a month
- [https://homesloancalculator.in/home-loan-for-50000-salary](https://homesloancalculator.in/home-loan-for-50000-salary): Home loan you can get on a take-home salary of Rs 50000 a month
- [https://homesloancalculator.in/home-loan-for-75000-salary](https://homesloancalculator.in/home-loan-for-75000-salary): Home loan you can get on a take-home salary of Rs 75000 a month
- [https://homesloancalculator.in/home-loan-for-100000-salary](https://homesloancalculator.in/home-loan-for-100000-salary): Home loan you can get on a take-home salary of Rs 100000 a month
- [https://homesloancalculator.in/home-loan-for-150000-salary](https://homesloancalculator.in/home-loan-for-150000-salary): Home loan you can get on a take-home salary of Rs 150000 a month
- [https://homesloancalculator.in/home-loan-for-200000-salary](https://homesloancalculator.in/home-loan-for-200000-salary): Home loan you can get on a take-home salary of Rs 200000 a month
- [https://homesloancalculator.in/about](https://homesloancalculator.in/about): Free home loan tools for India. They run in your browser, need no login and don't store the numbers you enter.
- [https://homesloancalculator.in/privacy](https://homesloancalculator.in/privacy): What Homes Loan Calculator collects, which cookies it uses, and how Google Analytics and AdSense work on this site.
- [https://homesloancalculator.in/contact](https://homesloancalculator.in/contact): Write to us with questions, corrections or ideas for new home loan tools. We read every email.
- [https://homesloancalculator.in/for-ai](https://homesloancalculator.in/for-ai): Free REST API, MCP server and llms.txt for the Homes Loan Calculator. No key needed. Built for ChatGPT, Claude and other AI assistants.

## Languages

English (no prefix), Hindi /hi, Bengali /bn, Marathi /mr, Telugu /te, Tamil /ta. Every page exists in each language: https://homesloancalculator.in/hi/about is the Hindi About page. Pages without a language prefix are English, which is also the default for unmatched languages.

## API

Free, no key, CORS open, JSON. Every tool answers GET (query string, short names p, r, n, y) and POST (JSON body). OpenAPI 3.1: https://homesloancalculator.in/api/openapi.json

- Calculates the monthly EMI, total interest and year-by-year schedule for an Indian home loan, with optional prepayments and a rate change.
  GET https://homesloancalculator.in/api/emi?principal=5000000&annualRate=8.5&years=20
- Shows how the EMI and total interest change if the interest rate moves up or down by small steps.
  GET https://homesloancalculator.in/api/sensitivity?principal=5000000&annualRate=8.5&years=20
- Estimates the maximum EMI and loan amount a borrower qualifies for from net monthly income and existing EMIs.
  GET https://homesloancalculator.in/api/eligibility?netMonthlyIncome=150000&existingEmis=10000&annualRate=8.5&years=20
- Compares year-by-year net worth of buying a home with a loan against renting and investing the down payment, and finds the break-even year.
  GET https://homesloancalculator.in/api/rent-vs-buy?rent=30000&rentGrowth=5&price=8000000&downPayment=1600000&annualRate=8.5&months=240&appreciation=5&investReturn=10&years=20
- Compares staying with the current home loan against moving the balance to a lower rate, including processing fee and break-even months.
  GET https://homesloancalculator.in/api/balance-transfer?outstanding=4000000&remainingMonths=180&currentRate=9.25&newRate=8.4&processingFee=20000
- Gives the loan-to-value ratio, maximum loan, minimum down payment and approximate stamp duty plus registration for a property price.
  GET https://homesloancalculator.in/api/down-payment?price=7500000

## MCP

Remote MCP server (streamable HTTP, no auth): https://homesloancalculator.in/mcp
- Claude: Settings > Connectors > Add custom connector > paste the URL.
- ChatGPT: Settings > Connectors > enable developer mode under Advanced > Create > paste the URL.

## More

- Full text of all guides, FAQ and the repo rate table: https://homesloancalculator.in/llms-full.txt
- OpenAPI spec: https://homesloancalculator.in/api/openapi.json
- Human-readable guide for AI assistants: https://homesloancalculator.in/for-ai