{"id":346,"date":"2015-06-10T08:41:39","date_gmt":"2015-06-10T06:41:39","guid":{"rendered":"http:\/\/wpcalc.com\/?p=346"},"modified":"2025-05-11T12:21:18","modified_gmt":"2025-05-11T09:21:18","slug":"housing-loan-interest-rate","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/en\/finance\/housing-loan-interest-rate\/","title":{"rendered":"Housing Loan Interest Rate Calculator"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 class=\"text-lg font-display font-bold\">Home Loan Interest and Payment Calculator<\/h2><\/div><div class=\"relative group inline-block\">\n  <button class=\"favorite\" id=\"favorite\" data-favorite-id=\"346\" data-favorite-title=\"Housing Loan Interest Rate\" data-favorite-url=\"https:\/\/wpcalc.com\/en\/finance\/housing-loan-interest-rate\/\" data-favorite-excerpt=\"This Housing Loan Interest Rate Calculator helps you determine your eligible EMI, monthly loan payment, and total interest payable based on your income, expenses, and loan details.\" aria-label=\"Add to Favorites\" data-favorite-icon=\"icon icon-loan\">\n    <span class=\"icon icon-shape-star-empty\"><\/span>\n  <\/button>\n  <div class=\"absolute right-full -translate-y-1\/2 top-1\/2 mr-2 w-max max-w-xs px-3 py-2 bg-gray-800 text-white text-xs rounded shadow-lg opacity-0 group-hover:opacity-100 transition-opacity duration-200 z-10 pointer-events-none\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/en\/finance\/housing-loan-interest-rate\/\" method=\"POST\" class=\"calculator\" id=\"calculator-346\" data-post=\"346\"><fieldset class=\"fieldset-input\"><legend class=\"sr-only\">Input Fields<\/legend><div class=\"field\" id=\"input-1\"><label for=\"field-1\">Monthly Income<\/label><input type=\"number\" name=\"monthly_income\" id=\"field-1\" min=\"0\" step=\"100\" value=\"50000\"\/><div class=\"unit\">Rs.<\/div><small>Enter your monthly income<\/small><\/div><div class=\"field\" id=\"input-2\"><label for=\"field-2\">Other Income<\/label><input type=\"number\" name=\"other_income\" id=\"field-2\" min=\"0\" step=\"100\" value=\"5000\"\/><div class=\"unit\">Rs.<\/div><small>Enter your other monthly income<\/small><\/div><div class=\"field\" id=\"input-3\"><label for=\"field-3\">Monthly Expenditure<\/label><input type=\"number\" name=\"monthly_expenditure\" id=\"field-3\" min=\"0\" step=\"100\" value=\"20000\"\/><div class=\"unit\">Rs.<\/div><small>Enter your monthly expenditure<\/small><\/div><div class=\"field\" id=\"input-4\"><label for=\"field-4\">Term of Loan<\/label><div class=\"grid grid-cols-1\"><select id=\"field-4\" name=\"term_of_loan\"><option value=\"1\">1 years<\/option><option value=\"2\">2 years<\/option><option value=\"3\">3 years<\/option><option value=\"4\">4 years<\/option><option value=\"5\">5 years<\/option><option value=\"6\">6 years<\/option><option value=\"7\">7 years<\/option><option value=\"8\">8 years<\/option><option value=\"9\">9 years<\/option><option value=\"10\">10 years<\/option><option value=\"11\">11 years<\/option><option value=\"12\">12 years<\/option><option value=\"13\">13 years<\/option><option value=\"14\">14 years<\/option><option value=\"15\">15 years<\/option><option value=\"16\">16 years<\/option><option value=\"17\">17 years<\/option><option value=\"18\">18 years<\/option><option value=\"19\">19 years<\/option><option value=\"20\">20 years<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-5\"><label for=\"field-5\">Annual Interest Rate<\/label><input type=\"number\" name=\"annual_interest_rate\" id=\"field-5\" min=\"0\" max=\"30\" step=\"0.01\" value=\"8\"\/><div class=\"unit\">%<\/div><small>Enter the annual interest rate<\/small><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Re-Calculate\" id=\"calculate-button\" data-post=\"346\">Calculate<\/button><button type=\"reset\">Reset<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Calculate automatically<\/label><small>If enabled, the result will update automatically when you change any value.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> Your Results<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>Home Loan Value<\/span><\/span><span class=\"field-value\" id=\"result-1\" data-unit=\"Rs.\"><\/span><button class=\"copy-result\" data-tooltip=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-2\"><span class=\"field-title\"><span>Total Interest<\/span><\/span><span class=\"field-value\" id=\"result-2\" data-unit=\"Rs.\"><\/span><button class=\"copy-result\" data-tooltip=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-3\"><span class=\"field-title\"><span>Monthly Payment<\/span><\/span><span class=\"field-value\" id=\"result-3\" data-unit=\"Rs.\"><\/span><button class=\"copy-result\" data-tooltip=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\"><\/span><\/button><\/div><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Leave a Comment<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"346\" aria-live=\"polite\"><h2 class=\"text-sm text-gray-500 text-center mb-2\">How did this result make you feel?<\/h2><div class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Like <\/span><\/button><button class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">Helpful <\/span><\/button><button class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Confused <\/span><\/button><button class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Disappointed <\/span><\/button><button class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\">\u274c <\/span><span class=\"reaction-description font-medium\">Inaccurate <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center; margin: 32px 0;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-1721569815777345\"\n     data-ad-slot=\"6317458308\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<p><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>Housing Loan Payment and Interest Formulas<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">Formula<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[\n\\text{Eligible EMI} = (\\text{Monthly Income} + \\text{Other Income}) &#8211; \\text{Monthly Expenditure}\n\\]\n\\[\n\\text{Monthly Payment} = \\frac{P \\times r}{1 &#8211; (1 + r)^{-n}}\n\\]\n\\[\n\\text{Total Interest} = (\\text{Monthly Payment} \\times n) &#8211; \\text{Loan Amount}\n\\]\n<\/div>\r\n\t<\/figure>\r\n\t<br \/>\n<strong>Where:<\/strong><\/p>\n<ul>\n<li>$$Monthly Income$$ = Primary income per month<\/li>\n<li>$$Other Income$$ = Additional income sources per month<\/li>\n<li>$$Monthly Expenditure$$ = Total monthly expenses<\/li>\n<li>$$Eligible EMI$$ = Maximum affordable monthly loan payment<\/li>\n<li>$$P$$ = Principal loan amount (after down payment if applicable)<\/li>\n<li>$$r$$ = Monthly interest rate (annual interest rate divided by 12)<\/li>\n<li>$$n$$ = Total number of monthly payments<\/li>\n<li>$$Monthly Payment$$ = Fixed monthly loan installment<\/li>\n<li>$$Total Interest$$ = Total interest paid over the life of the loan<\/li>\n<\/ul>\n<p>\r\n<\/section><br \/>\nThe Housing Loan Interest Rate Calculator helps borrowers estimate how much they can afford to borrow, what their monthly repayments would be, and how much total interest they would pay. It&#8217;s essential for planning mortgage commitments based on financial capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Housing Loan Interest Rate Calculator helps you determine your eligible EMI, monthly loan payment, and total interest payable based on your income, expenses, and loan details.<\/p>\n","protected":false},"author":70,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[30],"class_list":["post-346","post","type-post","status-publish","format-standard","hentry","category-finance","tag-mortgage"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/comments?post=346"}],"version-history":[{"count":2,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/346\/revisions"}],"predecessor-version":[{"id":64377,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/346\/revisions\/64377"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/media?parent=346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/categories?post=346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/tags?post=346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}