Home Loan Calculator
Enter the property price, your down payment, the markup rate and the loan period.
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How the installment is calculated
Home loans are repaid in equal monthly installments on a reducing balance: EMI = P × r ÷ (1 − (1 + r)⁻ⁿ), where P is the loan, r the monthly rate and n the number of months. In the early years most of each installment is markup; the schedule shows how the balance falls year by year.
What the bank looks at
- Down payment — banks finance only part of the property value; the rest is your down payment.
- Income — banks usually limit installments to a share of your monthly income (often around 40–50%). The "income needed" line uses 40% as a rough guide.
- Rate — conventional loans are usually KIBOR plus a spread and change when KIBOR changes; Islamic (Diminishing Musharakah) home finance uses a rental rate calculated in a similar way. Government-backed housing schemes have had subsidised rates — check what is currently offered.
This gives an estimate. Processing fees, insurance, property valuation and legal costs are extra, and the bank's offer letter is final.
Free to useNo software to install — works in any modern browser.
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Runs in your browserNothing you enter is sent to a server.
Works on mobileSame tool on your phone, tablet or desktop.
How it works
- Enter — type or paste your values or text.
- Get the result — it is worked out in your browser.
- Adjust — change the inputs to compare, or copy the result.
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