Calculate required down payment
Minimum 10% for home loans (20% to avoid PMI). For a ₹50 lakh home: ₹5-10 lakh down payment. Higher down payment reduces EMI and interest burden significantly over the loan term.
Savings, fixed deposits, mutual fund redemption, PPF/EPF withdrawal (for home purchase), gifts from family (with documentation), or selling existing assets. Some employers offer housing loans/advances.
Personal loans for down payment are risky and increase debt burden. Banks may view this negatively. It's better to save, as the down payment shows financial discipline to lenders.
Higher down payment reduces EMI and total interest but ties up more capital. Balance against: emergency fund (6 months expenses), other investments that may yield higher returns, and liquidity needs.
Time = Target Amount ÷ Monthly Savings. For ₹10 lakh saving ₹25,000/month = 40 months. Consider SIPs for slightly better returns. Automate savings to stay disciplined.
© 2026 CalculatorZon - Free Online Calculators. Fast, accurate and interactive.