EMI Home Loan Calculator India Interest Rates 2025
RBI keeps repo rate steady at 6.5% in April 2025. How to calculate your home loan EMI at current rates using the standard reducing balance formula.
With the Reserve Bank of India maintaining its repo rate at 6.5%, Indian home loan interest rates from scheduled banks currently range from 8.35% to 9.5% per annum. SBI’s home loan rate stands at 8.5% p.a. HDFC Bank offers 8.75% p.a. as a base rate for salaried individuals with good credit scores.
Calculate Your EMI at Current Rates
Use our emi calculator india home loan car loan to find your exact monthly payment. For a ₹50 lakh home loan at 8.5% over 20 years (240 months): EMI = ₹43,391 approximately. Total interest payable over 20 years: approximately ₹54.1 lakh.
The formula is: EMI = P × r × (1+r)^n / ((1+r)^n – 1) where P = principal, r = monthly rate, n = months. Our calculator applies this standard reducing balance formula — the same method used by all RBI-regulated scheduled banks in India.
Also check: simple interest calculator india rupees for comparison with flat-rate loan products.