Compare home loan EMIs across SBI (8.5% p.a.), HDFC (8.6% p.a.), ICICI (8.7% p.a.), Axis, Kotak, and PNB with their 2026 starting rates pre-loaded. Adjust principal, tenure (up to 30 years), and rate, then see how prepaying 1L every year vs every 5 years changes the total interest paid. Shows the income you'd need to comfortably service the EMI (45% FOIR rule).
When to use this
Home-loan scenarios this answers: 'What's my EMI on a 50 lakh loan at SBI vs HDFC?', 'How much do I save if I prepay 5 lakh in year 3?', 'What tenure keeps my EMI under 50K/month?', 'Can I afford a 75 lakh property on a 1.5L/month income?'.
Frequently Asked Questions
What is FOIR and why does it matter?
FOIR = Fixed Obligation to Income Ratio. Banks typically cap home-loan EMI at 40-50% of your monthly take-home (including existing EMIs). If your FOIR exceeds the bank's cap, they reduce the loan amount or reject the application. Our affordability check flags this before you apply.
Should I prepay or invest the surplus?
Rule of thumb: prepay if your home-loan rate is higher than your post-tax investment return. Currently home-loan rates (8-9%) often exceed post-tax FD returns (4-5%) but are lower than long-term equity returns (10-12%). The 'Prepayment Savings' panel quantifies the interest you'd save vs the principal you'd put in.
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