Calculate the fixed payment on a loan secured against your home's equity.
A ₹15,00,000 loan against property at 9% for 10 years (with ₹15,000 fees) costs ₹19,191.38 a month and ₹7,87,965.57 in interest.
A home equity loan (in India, a loan against property) lets you borrow against the value of your home minus what you still owe. You receive a lump sum and repay it with fixed monthly payments. Enter the amount, rate, term and fees to see the payment and the full cost.
Because your home secures the loan, missing payments puts it at risk. Borrow only what you need and use it for lasting value such as renovation or education. For a revolving credit line use the HELOC Calculator, and for your first loan see the Mortgage Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Loan amount | ₹15,15,000.00 |
| Monthly payment (principal + interest) | ₹19,191.38 |
| Total interest | ₹7,87,965.57 |
| Total of all payments | ₹23,02,965.57 |
| Time to pay off | 10 years |
| Term | 8% p.a. | 9% p.a. | 10% p.a. |
|---|---|---|---|
| 5 years | ₹30,718.74 | ₹31,448.91 | ₹32,189.27 |
| 10 years | ₹18,381.13 | ₹19,191.38 | ₹20,020.84 |
| 15 years | ₹14,478.13 | ₹15,366.14 | ₹16,280.27 |
| 20 years | ₹12,672.07 | ₹13,630.85 | ₹14,620.08 |
Lenders typically allow a combined loan-to-value of 60–85%, so you can borrow up to that share of the home's value minus your existing loan.
With the standard fixed-rate EMI formula over the term you choose.
A home equity loan is a lump sum with fixed payments; a HELOC is a revolving line you draw on, usually with a variable rate.
Processing, valuation, legal and stamp costs. Enter them to include them in the loan.
Your home is the collateral. If you cannot repay, the lender can take it.
Only in certain cases, such as using the money to buy, build or repair a home, subject to current tax rules.
It uses the standard formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
