Home Loan EMI Calculator
Calculate your monthly home loan EMI instantly. Get a complete amortization schedule with interactive charts and year-wise breakdown.
Calculate Your EMI
Rates typically range from 8.5% – 11% p.a. in 2026
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Amortization Schedule
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| Adjust sliders above to generate schedule | ||||
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🏦 2026 Home Loan Rates
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⚠️ Disclaimer: This calculator is for informational purposes only. We are not licensed financial advisors. Always consult your bank before taking any loan. Full Disclaimer
How to Use Our Home Loan EMI Calculator
Enter Loan Amount
Use the slider or type in the amount you wish to borrow (₹1 Lakh to ₹5 Crores)
Set Interest Rate
Enter the annual interest rate from your bank. Home loan rates in 2026 range from 8.5% to 11%
Choose Tenure
Select repayment period from 1 to 30 years. Longer tenure = lower EMI but more total interest
Understanding the EMI Formula
The EMI (Equated Monthly Installment) is calculated using the standard formula accepted by all banks globally:
EMI = P × r × (1+r)n / ((1+r)n – 1)
Home Loan Interest Rates in 2026 — Bank Comparison
Interest rates vary significantly between banks and depend on your credit score, loan amount, and loan type (fixed vs floating). Here's a quick comparison of leading Indian banks:
| Bank | Min Rate | Max Rate | Max Tenure |
|---|---|---|---|
| State Bank of India | 8.50% | 10.15% | 30 Years |
| HDFC Bank | 8.75% | 9.95% | 30 Years |
| ICICI Bank | 8.75% | 10.05% | 30 Years |
| Bank of America | 6.50% | 7.25% | 30 Years |
Frequently Asked Questions
What is the current home loan interest rate in 2026?
Home loan interest rates in 2026 range from 8.50% to 11.00% p.a. for most public and private sector banks. Government-linked PMAY schemes may offer rates as low as 6.5% for eligible applicants. Use our calculator above to compute EMI at any rate.
How is home loan EMI calculated?
EMI is calculated using the formula E = P × r × (1+r)^n / ((1+r)^n – 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months. Our calculator does this automatically.
What is the maximum tenure for a home loan?
Most banks offer home loans for up to 30 years (360 months). Some NBFCs and housing finance companies extend up to 35 years for younger borrowers. However, longer tenure means more total interest paid.
Should I opt for a fixed or floating home loan rate?
Floating rates are lower than fixed rates and change with RBI policy rates, so they can benefit you when rates fall. Fixed rates give payment certainty. In a declining rate environment (like post-2025), floating rates are generally better.