Plan your down payment & loan

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See your required down payment, remaining loan amount, monthly EMI, and total interest based on home price and down payment percentage.

India Compliant Live Calculation EMI Included

Property details

Most home loans cap at 75-90% of property value. RBI rules: 90% for properties ≤ ₹30L.

Property price

Down payment %

Loan terms

Rate % p.a.

Years

Down payment required

₹10.00 L

20% down payment on ₹50.00 L property

Property price₹50.00 L

Down payment %20%

Loan amount₹40.00 L

Monthly EMI₹34,713 / mo

Rate / tenure8.5% p.a.

Loan tenure20 years

Total interest₹43.31 L

How down payment & EMI work together

Down payment is the % you pay upfront. The rest is financed via home loan. Lower DP = higher loan = higher EMI + more total interest.

01
Down payment
Typically 10-20% of property value. RBI caps loan-to-value (LTV) at 90% for ≤ ₹30L; 80% for ₹30-75L; 75% above.
```
dp = price × dp_pct ÷ 100
```
02
Loan amount
Whatever the down payment doesn't cover.
```
loan = price − dp
```

EMI

Standard EMI formula on the loan amount.

EMI = loan × r × (1+r)^n ÷ ((1+r)^n − 1)

FormulaDP = Price × DP% ÷ 100; Loan = Price − DP; EMI = Loan × r × (1+r)^n ÷ ((1+r)^n − 1)Higher DP reduces EMI and total interest but ties up cash that could be invested.

Why we use this formula by default.
Indian payroll convention, statutory references, and the SaaS tooling that runs payroll all converge on this approach. Below are the authoritative sources we cross-checked.

Regulator

RBI LTV Guidelines

Loan-to-value caps: 90% up to ₹30L, 80% to 75L, 75% above.

Authority

National Housing Bank

NHB housing finance policy and supervision framework.

Real Estate

Magicbricks / 99acres

Real estate market data and property price benchmarks for India.

Bank Standard

SBI / HDFC Home Loan

Bank standard down payment + home loan EMI policies.

Tax Reference

Section 24 + 80C IT Act

Home loan interest (₹2L) + principal (₹1.5L) deductions.

Theory

Investopedia Down Payment

Down payment theory and impact on EMI / total interest.

FAQs about down payment & home loans

What's the minimum down payment in India?

For properties under ₹30L: minimum 10% down (banks can lend 90%). ₹30L-75L: minimum 20% (80% LTV). Above ₹75L: minimum 25% (75% LTV). These are RBI mandates.

Higher DP or longer tenure — which is smarter?

Higher DP wins on total interest. Longer tenure helps cash flow but costs much more. Example on ₹40L loan @ 8.5%: 15y = ₹34L interest; 20y = ₹43L; 30y = ₹70L. Big difference.

What costs go beyond down payment?

Add 7-10% of property value for: stamp duty (5-7%), registration (1%), GST on under-construction (5%), legal fees (₹10K-50K), and home loan processing fee (0.5-1% of loan).

Is home loan interest tax-deductible?

Yes. Section 24: up to ₹2L per year interest deductible (self-occupied). Section 80C: up to ₹1.5L principal repaid is deductible. First-time buyers: extra ₹50K under 80EE.

Can I get 100% home loan?

Generally no for purchase loans (RBI rules limit LTV). However, top-up loans on existing home loans can effectively give you 100% in some cases. Loan-against-property allows up to 80% of property value.

Should I prepay or invest excess money?

Math: if your post-tax investment return exceeds the post-tax home loan rate, invest. Home loan rate ~8.5% post-tax = ~6%. SIPs returning 12% beat this. But prepayment has psychological benefit (debt-free).

What's a good EMI-to-income ratio?

Banks allow up to 40-50% of net income going to EMI. Smart limit: 30-35% for sustainability. Above 45% leaves no buffer for emergencies or other goals.

Can I increase EMI later to pay off faster?

Yes. Most home loans allow part-prepayments and EMI step-up without penalty (RBI rule for floating-rate). Use bonuses to make annual prepayments — knocks years off tenure.

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Plan your down payment & loan

Property details

How down payment & EMI work together

Down payment

Loan amount

EMI

RBI LTV Guidelines

National Housing Bank

Magicbricks / 99acres

SBI / HDFC Home Loan

Section 24 + 80C IT Act

Investopedia Down Payment

FAQs about down payment & home loans

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