What are stamp duty charges in India?

Stamp duty varies by state: Maharashtra charges 5-6%, Karnataka 5.6%, Delhi 4-6%, Tamil Nadu 7%, and Rajasthan 4-6%. Women buyers often get a 1-2% concession in many states.

How does prepayment help save money?

Making prepayments reduces your principal balance, which reduces total interest. Even paying a small extra amount monthly can save lakhs in interest and reduce tenure by years.

What is the current home loan interest rate?

Home loan rates in India typically range from 8.25% to 9.5% p.a. as of 2026. Rates vary by bank, loan amount, and credit score. SBI, HDFC, ICICI, and other major banks offer competitive rates.

Mortgage Calculator

Calculate home loan EMI, stamp duty, and prepayment savings

Home Loan Details

Home Price ₹50,00,000

Down Payment (%) 20%

Loan Amount ₹40,00,000

Interest Rate (% p.a.) 8.5%

Tenure (Years) 20 Years

Stamp Duty & Registration

State

Stamp Duty-

Registration (1%)-

Total Extra Charges-

Prepayment Calculator

Extra Monthly Payment ₹0

Month	EMI	Principal	Interest	Balance

About Mortgage Calculator

Our mortgage calculator helps you plan your home purchase in India. Calculate monthly EMI, view amortization schedule, estimate stamp duty and registration charges by state, and see how much you can save with prepayments.

Stamp Duty Rates by State

Maharashtra: 5% (6% in Mumbai municipal areas) + 1% registration
Karnataka: 5% (5.6% in Bangalore) + 1% registration
Delhi: 4% (women) / 6% (men) + 1% registration
Tamil Nadu: 7% + 4% registration
Rajasthan: 5% (women) / 6% (men) + 1% registration

Tips for Home Buyers

Aim for a down payment of at least 20% to avoid higher interest rates
Compare home loan rates from multiple banks before deciding
Consider buying in a woman's name for lower stamp duty in many states
Make prepayments whenever you get bonuses or extra income

Frequently Asked Questions

How much home loan can I get?

Banks offer 75-90% of property value. The exact amount depends on your income, credit score, and existing liabilities.

What are stamp duty charges?

Stamp duty varies by state: Maharashtra 5-6%, Karnataka 5.6%, Delhi 4-6%, Tamil Nadu 7%, Rajasthan 4-6%.

How does prepayment save money?

Prepayments reduce principal, which reduces total interest. Even small extra monthly payments can save lakhs.

What is current home loan interest rate?

Rates in India range 8.25%-9.5% p.a. as of 2026. Compare across SBI, HDFC, ICICI, and other banks.

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