💰 Down Payment Calculator 2026
Calculate how much down payment you need for home, car, or personal loans. See how down payment affects your EMI, total interest, and LTV ratio. Compare different scenarios and save thousands in interest.
Home Loan LTV
80-90%
10-20% down payment
Car Loan LTV
85-90%
10-15% down payment
Interest Saved
₹ 10.8L
20% down on ₹50L loan
EMI Reduction
~20%
with 20% down payment
📊 Down Payment Analysis
Loan Amount Required
₹ 40,00,000
Monthly EMI
₹ 34,713
Total Interest
₹ 43,31,120
Total Payment (Loan + Interest)
₹ 83,31,120
Down Payment Impact on EMI
Higher down payment = Lower EMI & Less Interest
LTV Guidelines by Loan Type
Home Loan
Up to ₹30 Lakhs
90% LTV
10% Down Payment
Home Loan
₹30-75 Lakhs
80% LTV
20% Down Payment
Car Loan
New Car
85-90% LTV
10-15% Down Payment
Car Loan
Used Car
70-80% LTV
20-30% Down Payment
Personal Loan
Unsecured
100% LTV
0% Down Payment
Compare Down Payment Scenarios
0% Down
₹ 43,391
10% Down
₹ 39,052
20% Down
₹ 34,713
30% Down
₹ 30,374
Extra Down Payment Savings
EMI Reduction
₹ 868
per month
Interest Saved
₹ 2,08,320
over loan term
Every ₹1 lakh extra down payment saves you approximately ₹2,000 in total interest per lakh.
Down Payment Tips
- •Higher down payment reduces loan amount, EMI, and total interest
- •Minimum 20% down is recommended for home loans to get best rates
- •LTV above 80% may require PMI (mortgage insurance)
- •Save aggressively for down payment - it's the biggest upfront cost
- •Use bonus, tax refunds for additional down payment
❓ Frequently Asked Questions
What is down payment and why is it required?
Down payment is the initial amount you pay upfront when buying an asset. It's required because banks don't finance 100% of the property value. It shows your commitment, reduces bank's risk, and ensures you have equity in the asset. Higher down payment also gets you better interest rates.
How much down payment do I need for a home loan?
For home loans, minimum down payment is 10-20% of property value. For loans up to ₹30 lakhs, it can be 10% (90% LTV). For ₹30-75 lakhs, it's 20% (80% LTV). For above ₹75 lakhs, it's 25% (75% LTV). Some banks may offer higher LTV for affordable housing.
How does down payment affect my EMI?
Higher down payment reduces your loan amount, which directly reduces your EMI. For example, on a ₹50 lakh loan at 8.5% for 20 years: 10% down = ₹44,987 EMI, 20% down = ₹39,988 EMI, 30% down = ₹34,989 EMI. You also save significantly on total interest.
Can I get a loan with zero down payment?
Personal loans and some car loans may offer 100% financing with zero down payment. However, home loans typically require minimum down payment. Zero down payment loans often have higher interest rates and stricter eligibility criteria.