Mortgage Calculator
Calculate home loan EMI, stamp duty, and prepayment savings
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.