How much to borrow
Start from the EMI you can comfortably pay each month and work back to a loan amount that fits your income.
Home loan tools
Home loan EMI calculator
Know your monthly EMI before you book. Move the sliders to see your EMI, total interest and a year-by-year repayment plan.
Let me do the maths for you! 🦉
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See year-by-year repayment schedule
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From the Keystone family
Get your home loan with Keystone Finserv
Keystone Finserv is our own loan company. Compare offers from leading banks, check your eligibility and get your loan sanctioned with one relationship manager by your side.
Visit Keystone Finserv- 1RegisterShare a few basic details, it takes a minute.
- 2Talk to an expertA relationship manager compares offers for you.
- 3Check eligibilityKnow how much you can borrow before you apply.
- 4Get it disbursedPaperwork handled end to end, quick disbursal.
Plan smarter
How this calculator helps you
How long to borrow for
A longer tenure lowers your EMI but raises the total interest. See both side by side before you decide.
How much down payment
Every extra rupee you pay upfront lowers both your EMI and the interest you pay over the years.
What changes your EMI
Three things decide your EMI
- Loan amount. The more you borrow, the higher the EMI.
- Tenure. A longer tenure means a smaller EMI, but more interest in total.
- Interest rate. On a floating-rate loan, your EMI or tenure moves when the rate changes.
Mr. K's tips
Ways to lower your EMI
- Compare offers from several banks before you sign.
- Make a bigger down payment if you can.
- Borrow only what you can repay comfortably.
- Prepay part of the loan whenever you have extra savings.
- Consider a balance transfer if another bank offers a lower rate.
Get ready
Documents you'll need for a home loan
Salaried
- Loan application form with passport-size photographs
- Identity proof: PAN, Aadhaar, passport, driving licence or voter ID
- Address proof: utility bill, ration card or any government ID with your permanent address
- Last 6 months of bank statements
- Last 3 months of salary slips
- Form 16 or income tax returns for the last 2 years
- Proof of job continuity from your current employer (offer / joining letter if you changed jobs in the last year)
- Statement of personal assets and liabilities
Self-employed
- Loan application form with passport-size photographs
- Identity proof: PAN, Aadhaar, passport, driving licence or voter ID
- Address proof: utility bill, ration card or any government ID with your permanent address
- Last 6 months of bank statements
- Income tax returns (acknowledged copies) for the last 2–3 years
- Proof of advance tax paid (challans)
- Proof that the business is running: GST registration, shop act licence or similar
- Statement of personal assets and liabilities
Banks may ask for more documents depending on your profile. Our advisors help you put the file together.
FAQs
Home loan questions
What is a home loan EMI?
EMI (Equated Monthly Instalment) is the fixed amount you pay your lender every month until the loan is repaid. Each EMI has two parts: interest and principal. In the early years most of the EMI goes towards interest; towards the end, most of it repays the principal.
How is home loan EMI calculated?
EMI = P × R × (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 tenure in months. This calculator uses the same formula.
What is Pre-EMI?
For an under-construction home, the bank releases the loan in stages. Until the full loan is released you can pay only the interest on the amount released so far: that is Pre-EMI. Your regular EMI (and your loan tenure) starts once the full amount is released.
Should I choose Pre-EMI or full EMI?
Pre-EMI keeps your monthly outgo low while the home is being built, but you pay more interest overall because the principal does not reduce. Full EMI from day one costs more each month but finishes the loan sooner. An advisor can help you compare both for your project.
What is a floating interest rate?
A floating rate moves with the market (usually linked to the RBI repo rate). When rates go up, your bank either increases your EMI or extends your tenure; when rates fall, the opposite happens.
What tax benefits do I get on a home loan?
Under the old tax regime you can claim up to ₹1.5 lakh a year on principal repaid (Section 80C) and up to ₹2 lakh a year on interest paid for a self-occupied home (Section 24(b)). Rules change, so please confirm with your tax adviser.
What happens if I miss an EMI?
The bank charges a late fee and penal interest, and a missed EMI lowers your credit score, which makes future loans harder and costlier. If you expect trouble paying, speak to your bank early about options.
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