Fundulato₹
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Plan your home loan EMIs, prepayments, and under-construction stages with ease.
Preserve your calculations and continue planning anytime, anywhere.
⚠️ Calculations shown are approximate and for illustration only. Actual EMI and interest may vary.
Master our advanced calculator features and understand home loan fundamentals.
Plan prepayments (monthly/yearly/lump-sum), simulate under-construction loans with stage-wise disbursements, and save your complete setup for future reference.
Test three prepayment strategies: monthly add-ons (₹500-₹5,000 extra), yearly lump sums (bonus payments), or one-time bulk prepayments. See how each saves lakhs in interest and reduces tenure by years.
For ongoing projects, add stage-wise disbursements with dates. Choose between pre-EMI (interest-only) or full EMI during construction. Calculator validates total instalments match your loan amount automatically.
Claim up to ₹2L interest deduction (Section 24b) and ₹1.5L principal repayment (Section 80C) annually. Plan your taxes smartly with home loan benefits.
Budget for processing fees (0.5-1% of loan), legal charges, valuation fees, insurance premiums, and prepayment penalties. Stamp duty, and documentation charges add ₹50K-2L to total cost. Always ask for a full cost breakup before signing. Many banks bundle insurance or add technical fees post-sanction.
Keep 20% down payment ready to reduce loan burden. Even 0.5% rate difference saves ₹3-5L over 20 years. Review rates yearly for refinancing opportunities. Balance prepayments with SIP investments for optimal wealth.
A Home Loan EMI (Equated Monthly Instalment) is a fixed monthly amount
you pay towards your loan. It includes both the principal repayment
and the interest component. EMIs are calculated using the formula:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N − 1],
where P is the loan amount, R is the monthly interest rate,
and N is the number of months.
For under-construction properties, banks disburse the loan in stages. You pay only the interest portion (pre-EMI) on the disbursed amount until full disbursement. Once the property is complete, full EMI (interest + principal) payments begin.
A prepayment reduces your outstanding principal, leading to lower future interest. It can either reduce your EMI or shorten your loan tenure. Even small prepayments early in the tenure can save lakhs in interest.
Yes! Enable the “Under-Construction Loan” toggle to add stage-wise disbursements and months. The calculator automatically computes pre-EMI interest and converts it to full EMI once disbursement is complete.
After calculation, use the Download PDF or Download Excel buttons to export your full amortization schedule, including month-by-month interest, principal, and balance details.
Reducing tenure saves more interest overall, but increasing EMI may strain your monthly cash flow. Choose based on your income flexibility — the calculator helps visualize both scenarios.
No. This calculator provides approximate projections based on the entered values. Actual EMI, interest, and tenure will vary based on your lender’s terms, rate revisions, and prepayment rules.
You can claim tax deductions on home loans under Income Tax Act: