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Calculate your complete home buying cost including EMI, prepayment, affordability, PMAY subsidy, tax benefits, and stamp duty. Compare rates from top Indian banks.
Loan Amount: ₹40,00,000
For PMAY subsidy eligibility
Monthly EMI
₹34,713
Total Interest
₹43,31,103
Total Payment
₹83,31,103
Stamp Duty
₹3,00,000
Subsidy Amount
₹2,35,000
Original EMI
₹34,713
Reduced EMI
₹32,674
Total Savings
₹4,89,360
*Assumes full utilization of limits. Actual benefit depends on your tax slab.
EMI = [P × r × (1+r)^n] / [(1+r)^n - 1]
Where P = Principal, r = Monthly interest rate, n = Loan tenure in months
SBI
8.50%
Onwards
HDFC Bank
8.60%
Onwards
ICICI Bank
8.65%
Onwards
Axis Bank
8.70%
Onwards
Kotak
8.70%
Onwards
EWS/LIG
Income: Up to ₹6L
Subsidy: 6.5%
₹2.67L
MIG-I
Income: ₹6L - ₹12L
Subsidy: 4%
₹2.35L
MIG-II
Income: ₹12L - ₹18L
Subsidy: 3%
₹2.30L