ToolMoney & protection

What does this loan actually cost?

The advertised rate is not the price. Add the fees, the insurance and the taxes, and see the number that matters — total rupees paid over the life of the loan.

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Loan amount₹Interest rate% p.a.TenureyearsProcessing fee% of loanInsurance premium₹Often funded into the loan and charged interest on.Other charges₹Legal, technical, valuation, documentation, franking.

Monthly EMI

₹22,493

for 240 months (20 years)

Principal: ₹25,00,000
Interest paid: ₹28,98,356
Processing fee: ₹12,500
Insurance: ₹60,000
Other charges: ₹15,000
GST on fees (18%): ₹4,950

You actually pay

₹54,90,806

That is 2.20 rupees paid for every ₹1 borrowed.

ReadBefore you sign

Ask for the sanction letter and the annualised rate in writing, not just the EMI.
Check whether the insurance premium is optional. If it is funded into the loan, you pay interest on it too.
Floating-rate home loans to individuals cannot carry a foreclosure charge under RBI rules — confirm this in your agreement.
A longer tenure lowers the EMI and raises the total cost. Compare total rupees paid, not EMI.

This tool is general information, not financial advice. It does not recommend any lender or product. Charges vary by lender; use your own sanction letter figures.