Tools
Home Loan Calculator
Work out your EMI, loan eligibility and the tax benefit on your home loan.
Inputs
Monthly EMI
₹34,713
Loan amount
₹40,00,000
Annual tax benefit
₹82,967
Likely eligible — your EMI is within the typical income limit.
Max EMI lenders usually allow at this income: ₹75,000 • Indicative max loan: ₹86,42,313
| Loan amount | ₹40,00,000 |
| Monthly EMI | ₹34,713 |
| Total interest | ₹43,31,103 |
| Total payable | ₹83,31,103 |
| Annual tax benefit | ₹82,967 |
Eligibility uses a 50% income-to-EMI guide; lenders vary. The tax benefit assumes up to ₹2,00,000 interest (section 24b) and ₹1,50,000 principal (80C) in year one — both are old-regime deductions for a self-occupied house and are not available under the new regime. Indicative only — consult our experts.
Claim this home-loan benefit in your return
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or message us on WhatsApp instead →Frequently asked
What does eligibility depend on?+
Chiefly your income, existing obligations and the lender’s permitted EMI-to-income ratio, along with the property value and the loan-to-value cap.
What tax benefit does a home loan give?+
Interest is deductible under section 24(b) and principal repayment counts within the section 80C limit — both under the old regime and subject to conditions.
Are those deductions available under the new regime?+
For a self-occupied property the interest deduction is not available under the new regime. For a let-out property the position differs, so check before choosing a regime.
Does a joint loan help?+
Co-borrowers who are also co-owners can each claim within their own limits, which often improves both eligibility and the total deduction.
Will the bank sanction exactly this?+
No. Sanction depends on credit score, documentation and lender policy. This is indicative.
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