Vol. 07RESOURCES

Home Loan Resource Centre

Guides, glossary terms, and tools — everything you need to understand and manage your home loan.

GUIDE

Fixed vs Floating Rate Home Loan

Which interest rate type saves you more money over 20 years? A data-driven comparison with real numbers.

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GUIDE

How Much to Prepay on Your Home Loan

The optimal prepayment strategy based on your loan amount, rate, and surplus income.

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GUIDE

Reduce EMI vs Reduce Tenure — Which Wins?

After a prepayment, should you reduce your monthly EMI or shorten your loan tenure? The answer with exact numbers.

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GUIDE

When to Do a Home Loan Balance Transfer

How to calculate if a balance transfer actually saves you money after accounting for all fees.

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GLOSSARY

EMI — Equated Monthly Instalment

The fixed monthly payment you make to repay a loan, comprising both principal and interest components.

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GLOSSARY

MCLR — Marginal Cost of Funds Based Lending Rate

The minimum interest rate below which banks cannot lend, calculated based on the marginal cost of funds.

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GLOSSARY

EBLR — External Benchmark Lending Rate

A lending rate linked to an external benchmark such as the RBI repo rate, introduced in 2019.

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GLOSSARY

Amortization

The process of spreading loan repayments over time, with each payment covering interest and reducing principal.

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GLOSSARY

Moratorium

A period at the start of a loan during which no or reduced repayments are required.

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GLOSSARY

CLP — Construction Linked Plan

A home loan disbursed in stages tied to construction milestones of an under-construction property.

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GLOSSARY

Pre-EMI

The interest-only payment made during the moratorium/pre-disbursement period before full EMIs begin.

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GLOSSARY

Balance Transfer

Moving an outstanding home loan from one lender to another offering a lower interest rate.

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TOOL

Home Loan EMI Calculator

Calculate your exact monthly EMI with full amortization schedule, prepayment simulation, and CSV export.

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TOOL

Home Loan Prepayment Calculator

Simulate lump-sum and recurring prepayments. See exact interest saved and revised loan end date.

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TOOL

All Calculator Features

CLP tranche modelling, moratorium simulation, Pre-EMI calculation, and more — features no bank website offers.

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Calculate your home loan EMI

Free, instant, no sign-up required.

Open the Calculator