A loan at 8.4% with a ₹28,000 processing fee and a 2% prepayment charge can cost more than one at 8.75% with neither. The comparator below adds it all up over your actual tenure and tells you which lender is genuinely cheapest for you.
Most calculators give you an EMI. This one also tells you the maximum a lender will actually sanction, and names the single factor holding it down, so you know what to fix.
| Year | Principal paid | Interest paid | Balance | Split |
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Total cost of loan is EMI times months, plus the processing fee, plus what you would pay to prepay in year seven, which most people do. Click any header to sort.
Rates shown are the published floor for a strong profile in September 2026 and move with your credit score, employer category and loan-to-value. Total cost assumes the loan amount and tenure you set above, with a 20% part-prepayment in year seven.
Switching costs money: processing fee, legal and technical charges, and the paperwork weeks. Put in your current loan and we will tell you honestly whether the saving beats the cost.
Add stamp duty on the fresh mortgage if your state charges it — in Maharashtra it is 0.3% of the loan, capped at ₹20,000, and we include it below.
Ninety per cent of delays are a missing document nobody mentioned at the start. Pick your employment type and tick things off as you gather them.
Tick as you collect. Nothing is stored anywhere; refresh and it resets. Send the list to yourself on WhatsApp when you are done.
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Fourteen years, ex-credit manager at a private bank. Knows which files get rejected before they are filed, which is why ours mostly do not.
CA by training. Reads your balance sheet the way the lender's underwriter will, and tells you what to fix before submitting.
Handles NRI files, HUF ownership, inherited property and anything where the title is more interesting than usual.
RIN is a Direct Selling Agent. We are paid a commission by the lender when a loan is disbursed, and we are paid nothing by you at any stage. That is a real conflict of interest, so here is how we handle it: the commission percentage for every lender on our panel is on the term sheet we give you, and we show you the total-cost column even when the cheapest lender pays us least. Three of our fourteen lenders pay below average and we still place files with them.
We cannot guarantee a sanction, we do not influence credit decisions, and nobody here will ever ask you to pay a fee for "faster processing" or "approval". If somebody claiming to be from RIN asks you for money, it is not us, and please tell us.
750 and above gets you the published floor rate. 700–749 usually costs 15–40 basis points more. Below 680 most private banks decline and you are looking at NBFCs at 2–4% higher. If your score is borderline, wait three months and fix the two things dragging it — we will tell you which two, free.
Almost always FOIR. Lenders cap total EMIs at 50–60% of net income depending on the bracket, so an existing car loan of ₹18,000 eats roughly ₹20 lakh of home-loan eligibility. Age is the other one: tenure has to end by 60 for salaried, 65 for self-employed.
Floating, for almost everyone, because Indian fixed-rate home loans are only fixed for two or three years and price that certainty at 60–120 basis points. The exception is a short-tenure business loan where you want the cash-flow certainty.
Prepay early in the tenure when almost all of your EMI is interest, and prepay only if your post-tax return on investments is below the loan rate. At 8.5% on a home loan with Section 24 benefit, the effective cost is closer to 6%, and that is a genuinely low bar to beat. We will do this arithmetic with your actual numbers.
Salaried with clean documents: 7–11 working days to sanction, another 5–12 to disbursal once the property's legal and technical clear. Self-employed adds a week for financial scrutiny. Anyone promising 48 hours is talking about an in-principle approval, which is not a sanction.
Regularly. If the EMI takes you past 45% of income, or the property has a title issue, or you are borrowing to cover a cash-flow gap that a loan will not fix, we say so. We earn nothing in those cases and we would rather have you back in two years.
Income, existing EMIs, the property and your rough credit score. An advisor comes back within a working day with the realistic sanction figure and the two or three lenders worth applying to.