Down Payment Calculator

Plan your down payment and EMI for a safer purchase

Down Payment Calculator

Free

Plan your home purchase — calculate the optimal down payment, monthly EMI, and assess your loan eligibility.

Property & Loan Details
₹
Fifty Lakh

Fifty Lakh

Enter the total property cost including all charges

20%
10%50%

Recommended: 20% for better interest rates. Minimum: 10-15%

20 yrs
5 yrs30 yrs

Choose optimal balance between EMI amount and total interest

8.50%
6.00%15.00%

Current home loan rates range from 8.5% to 12% depending on profile

₹
One Lakh

Include all sources of monthly income for accurate assessment

₹

Add all existing monthly loan payments

Different loan types have different interest rates and terms

Down Payment Analysis
Down Payment

₹10,00,000

20% of property value

Monthly EMI

₹34,713

For 20 years

Loan Details

Loan Amount₹40,00,000
Total Interest₹43,31,103
Total Payment₹83,31,103
EMI to Income Ratio34.7%
Good Eligibility

Your EMI is manageable and within safe limits

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Frequently Asked Questions

What is the minimum down payment for a home loan in India?
Banks in India finance up to 75-90% of the property value (Loan-to-Value ratio). This means you need a minimum down payment of 10-25% depending on the loan amount. For loans up to ₹30 lakhs, LTV can be up to 90%. For ₹30-75 lakhs, it is 80%. Above ₹75 lakhs, it is 75%.
Should I make a larger down payment than the minimum?
A larger down payment reduces your loan amount, resulting in lower EMI and total interest paid. It also improves your loan approval chances and may get you a better interest rate. However, don't exhaust your emergency fund — keep at least 6 months of expenses aside.
What other costs should I budget for besides the down payment?
Budget for stamp duty (3-8% of property value), registration charges (1-2%), GST on under-construction property (5%), legal fees, home loan processing fees (0.25-1%), and interior/renovation costs. These can add 8-15% to the property price beyond the down payment.
How does the down payment percentage vary by loan type?
Home loans typically require 10-25% down payment based on property value. Plot loans require a higher down payment of 20-30% as LTV is capped at 70-80%. Construction loans follow similar norms to home loans but disbursement is stage-wise.