Plan your home loan with real numbers, then let us negotiate the bank.
EMI with a year-wise breakup, eligibility, prepayment savings, and balance transfer — every tool free. When you're ready, one verified enquiry gets you offers from 8 leading banks.
Home loan calculators
Every figure updates live as you move the sliders. Estimates only — the bank confirms final numbers.
Rupees One Crore Only
View year-wise schedule table
| Year | Principal repaid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹ 1,99,019 | ₹ 8,42,365 | ₹ 98,00,981 |
| 2 | ₹ 2,16,610 | ₹ 8,24,774 | ₹ 95,84,371 |
| 3 | ₹ 2,35,757 | ₹ 8,05,627 | ₹ 93,48,614 |
| 4 | ₹ 2,56,595 | ₹ 7,84,789 | ₹ 90,92,019 |
| 5 | ₹ 2,79,276 | ₹ 7,62,108 | ₹ 88,12,742 |
| 6 | ₹ 3,03,962 | ₹ 7,37,422 | ₹ 85,08,781 |
| 7 | ₹ 3,30,829 | ₹ 7,10,555 | ₹ 81,77,952 |
| 8 | ₹ 3,60,071 | ₹ 6,81,313 | ₹ 78,17,880 |
| 9 | ₹ 3,91,898 | ₹ 6,49,486 | ₹ 74,25,982 |
| 10 | ₹ 4,26,539 | ₹ 6,14,845 | ₹ 69,99,443 |
| 11 | ₹ 4,64,241 | ₹ 5,77,143 | ₹ 65,35,202 |
| 12 | ₹ 5,05,275 | ₹ 5,36,109 | ₹ 60,29,927 |
| 13 | ₹ 5,49,937 | ₹ 4,91,447 | ₹ 54,79,990 |
| 14 | ₹ 5,98,547 | ₹ 4,42,837 | ₹ 48,81,443 |
| 15 | ₹ 6,51,453 | ₹ 3,89,931 | ₹ 42,29,990 |
| 16 | ₹ 7,09,035 | ₹ 3,32,349 | ₹ 35,20,955 |
| 17 | ₹ 7,71,708 | ₹ 2,69,676 | ₹ 27,49,247 |
| 18 | ₹ 8,39,919 | ₹ 2,01,465 | ₹ 19,09,328 |
| 19 | ₹ 9,14,161 | ₹ 1,27,223 | ₹ 9,95,167 |
| 20 | ₹ 9,94,964 | ₹ 46,420 | ₹ 203 |
Compare bank home loan rates
Indicative ranges for salaried applicants with a good credit score. Mark your preferred banks in the enquiry form and we'll start there.
| Bank | Indicative interest rate | Processing fee | EMI per ₹10 lakh (20 yrs) |
|---|---|---|---|
 State Bank of India | 7.2% – 9.4% | 0.35% of loan (capped) | ₹ 7,873 |
 HDFC Bank | 7.2% – 8.9% | Up to 0.50% or ₹3,300 | ₹ 7,873 |
 ICICI Bank | 8.4% – 9.45% | 0.25% - 0.50% of loan | ₹ 8,615 |
 Axis Bank | 7.3% – 8.2% | Up to 1% (min ₹10,000) | ₹ 7,934 |
 Kotak Mahindra Bank | 8.35% – 9.3% | Up to 0.50% of loan | ₹ 8,584 |
 Bank of Baroda | 8.15% – 9.35% | 0.25% - 0.50% of loan | ₹ 8,458 |
 Punjab National Bank | 7.5% – 9.4% | 0.35% of loan (capped) | ₹ 8,056 |
 Canara Bank | 8.25% – 9.45% | 0.50% of loan (capped) | ₹ 8,521 |
Rates are indicative and change with RBI policy, credit score, and bank offers. The final rate is confirmed by the bank after evaluation.
How your EMI is calculated
Every EMI is a mix of interest on the outstanding balance and repayment of principal. Banks use the standard reducing-balance formula:EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)where P is the loan amount, r the monthly interest rate, and n the number of months. In the early years most of the EMI goes to interest — the amortization chart above makes that visible — which is exactly why early prepayments save so much.
What decides your eligibility
Banks let 40–50% of monthly income go to EMIs. Rental income, bonuses, and a co-applicant raise the ceiling.
750+ unlocks the best rates. Settle card dues and avoid new loans for 3–6 months before applying.
Banks fund 75–90% of the property value depending on the slab. Approved projects sail through faster.
Loans usually must close by age 60–65. Younger applicants get longer tenures and lower EMIs.
Documents checklist
- PAN + Aadhaar
- Last 3 months' salary slips
- Form 16 / last 2 years
- 6 months' bank statements
- Employment certificate if new job
- PAN + Aadhaar
- Last 2–3 years' ITRs with computation
- P&L and balance sheet
- 12 months' bank statements (personal + business)
- Business registration / GST proof
How the Propsell loan service works
- 1Submit a verified enquiry
One WhatsApp OTP — no spam, no repeated forms.
- 2Get a call within 24 hours
Our loan specialist understands your property, income, and timeline.
- 3Compare bank offers
Rates, processing fees, and eligibility across partner banks for your profile.
- 4Documentation support
Exact checklist, application filing, and follow-up with the bank.
- 5Sanction and disbursement
We track the file to sanction letter and disbursement stage.
Still searching for the right home? Browse verified properties or explore new projects — loan pre-approval makes your offer stronger.
Home loan questions, answered
How much EMI do I pay per ₹1 lakh of home loan?
At 8.5% interest for 20 years, every ₹1 lakh of loan costs about ₹868 per month. So a ₹50 lakh loan works out to roughly ₹43,400 per month. Use the EMI calculator above for your exact amount, rate, and tenure.
How much home loan can I get on my salary?
Banks typically allow 40–50% of your monthly in-hand income to go towards all EMIs combined. On a ₹1 lakh monthly income with no other EMIs, that supports a loan of roughly ₹50–55 lakh over 20 years. A co-applicant's income increases eligibility.
What credit score do I need for a home loan?
A CIBIL score of 750+ gets the best advertised rates. Between 700–750 most banks still lend at a slightly higher rate. Below 700, approval becomes harder — clearing card dues and waiting a few months before applying usually helps.
How much down payment is required?
RBI caps lending at 75–90% of property value depending on the loan slab, so plan for at least 10–25% as down payment plus stamp duty and registration (another 5–8%). Your down payment is simply the property price minus the loan the bank sanctions.
Fixed or floating interest rate — which is better?
Most Indian home loans are floating-rate, repo-linked, and get cheaper when RBI cuts rates. Fixed rates start higher and often carry prepayment penalties. Floating suits most buyers; fixed makes sense only if you need certainty in EMI for a few years.
Can I prepay my home loan without penalty?
Yes — RBI rules prohibit prepayment penalties on floating-rate home loans for individual borrowers. Prepaying in the early years saves the most interest; the prepayment calculator above shows the exact savings and tenure reduction.
What documents are needed for a home loan?
KYC (PAN, Aadhaar), 3–6 months of bank statements, and income proof — salary slips and Form 16 for salaried applicants; ITRs and financials for self-employed. Property papers are needed at sanction stage. Our team shares an exact checklist for your bank.
What is a home loan balance transfer and is it worth it?
A balance transfer moves your outstanding loan to another bank at a lower rate. It is usually worth it when the rate difference is 0.5% or more and several years of tenure remain. Use the balance transfer calculator above to check savings after transfer charges.
Can NRIs get a home loan in India?
Yes. Most large banks offer NRI home loans against Indian property with similar rates. Documentation differs — passport, visa, overseas income proof, and an NRE/NRO account. Select NRI as your employment type in the enquiry form.
Is the Propsell loan consultation really free?
Yes. We verify your number on WhatsApp, understand your requirement, and help you compare offers from partner banks. You pay nothing to Propsell — banks pay us a referral fee, and the rate you get is the bank's own rate, never marked up.