Home Loan Comparison Calculator 2026
Check eligibility, compare rates, calculate EMI, and estimate tax benefits
Lowest Rate
8.35%
LIC HFL
Avg Rate
8.50%
Major Banks
Tax Benefit
₹3.5L/yr
Sec 24b + 80C
Max Tenure
30 Years
For home loans
Financial Profile
Used to calculate maximum loan eligibility (50% of income for EMI)
Property Details
Estimated Tax Benefits (First Year)
Interest Exemption (Sec 24b)
₹2,00,000
Max limit: ₹2 Lakhs
Principal Exemption (Sec 80C)
₹1,50,000
Max limit: ₹1.5 Lakhs
Smart Prepayment Tip
Paying just 1 extra EMI every year can save you lakhs in interest and reduce your tenure significantly!
📚 Home Loan Comparison Guide 2026
🏦 Top Bank Rates (March 2026)
- LIC HFL8.35%
- SBI Home Loan8.40%
- HDFC Bank8.50%
- ICICI Bank8.60%
- Axis Bank8.70%
💰 Tax Benefits Overview
- Section 24(b): Interest up to ₹2,00,000 per year deductible
- Section 80C: Principal up to ₹1,50,000 per year deductible
- Joint Loan: Each co-borrower can claim separate benefits
- Under-construction: Interest deduction after completion
❓ Frequently Asked Questions
What is the maximum home loan eligibility?
Maximum loan eligibility is based on your monthly income. Banks typically allow EMI up to 50% of your monthly income. Use our calculator to see the exact amount you qualify for based on your salary and loan tenure.
How much tax benefit can I get on home loan?
You can claim up to ₹2,00,000 on interest under Section 24(b) and up to ₹1,50,000 on principal under Section 80C. Total tax benefit can be up to ₹3,50,000 per year, potentially saving ₹1,00,000+ in taxes depending on your tax slab.
What is the minimum down payment for home loan?
For home loans up to ₹30 lakhs, minimum down payment is 10% (90% LTV). For loans between ₹30-75 lakhs, it's 20% (80% LTV). For loans above ₹75 lakhs, it's 25% (75% LTV). Higher down payment reduces your loan amount and EMI.
Should I choose fixed or floating rate?
For long-term home loans (15-20 years), floating rates are generally better as they are 1-2% lower. Fixed rates provide payment certainty but are higher. Use our Fixed vs Floating Rate Calculator to compare.