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Down Payment Calculator

Calculate down payment, loan amount, and EMI for property purchase

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Down Payment Details

₹
30%
8.5%
5 Years

Results

Enter details to see results

Down Payment Calculator

Calculate the optimal down payment for property purchase, resulting loan amount, and monthly EMI. Understand the impact of down payment percentage on your loan burden.

Formula

EMI is then calculated on the loan amount using standard EMI formula

Example Calculation

Scenario:

Property worth ₹80 lakh, 20% down payment, loan at 8.5% for 20 years

Calculation:

Down payment = ₹16 lakh, Loan = ₹64 lakh

Result:

Monthly EMI: ₹55,541; Total payment: ₹1.49 crore (including down payment)

Key Points

  • •Higher down payment reduces loan amount and total interest burden
  • •Banks typically require 10-20% down payment for home loans
  • •Higher down payment may help negotiate better interest rates
  • •Keep emergency fund aside before maximizing down payment
  • •Consider opportunity cost of locking money vs. investing elsewhere

Tax Implications:

  • •Down payment itself is not tax deductible
  • •Stamp duty and registration charges can be claimed u/s 80C (up to ₹1.5 lakh limit)
  • •Loan principal repayment eligible for deduction u/s 80C
  • •Interest paid on loan deductible u/s 24(b) up to ₹2 lakh

Related Calculators

EMI Calculator

Calculate your monthly EMI for home, car, and personal loans after determining your down payment.

Disclaimer: The calculations and information provided are estimates based on the inputs provided and current rates as of November 2025. Actual results may vary. Interest rates, tax laws, and regulations are subject to change. Please consult with a qualified financial advisor or tax professional for personalized advice.