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Fixed vs Floating Home Loan Calculator
Compare the total cost of a fixed-rate vs a floating-rate home loan, and find the rate rise at which they break even.
Loan Details
Net change over the loan, e.g. +0.5 or -0.5.
Not sure where rates are headed? A rough estimate of the rate change is fine — try a few scenarios to see how the verdict shifts.
Floating is cheaper in this scenario
Break-even: floating costs more than fixed only if the floating rate rises by about 1.5 percentage points (average) over the tenure.
Fixed rate
Floating rate
Difference over the loan: ₹3.86L cheaper on floating
Floating cost uses your expected net rate change, approximated as the average rate over the tenure. Real floating rates reset with the RBI repo rate; this is a planning estimate.
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How it works
How this calculator works
A fixed rate is usually 0.5–1.5% higher than floating. Floating wins unless rates rise sharply — on a ₹50 lakh, 20-year loan, floating at 8.5% only becomes costlier than a 9.25% fixed rate if the floating rate rises by roughly 1.5 percentage points on average over the loan.
- 1
Enter the loan amount and tenure
Use the amount and years you plan to borrow for.
- 2
Enter the fixed and floating rates
Fixed rates are usually 0.5–1.5% higher than the current floating rate.
- 3
Set your expected rate change
Estimate the net change in the floating rate over the loan, e.g. +0.5%.
- 4
Read the verdict and break-even
See which is cheaper and the rate rise at which fixed wins.
Fair questions
Frequently asked questions
Floating rates are usually lower and win unless rates rise sharply over the loan. Fixed rates cost more upfront but give certainty. On a typical ₹50 lakh, 20-year loan, floating at 8.5% only becomes costlier than a 9.25% fixed rate if the floating rate rises by roughly 1.5 percentage points on average.
In India, fixed home-loan rates are typically 0.5–1.5 percentage points higher than the equivalent floating (EBLR/repo-linked) rate, and many 'fixed' loans reset after a few years anyway.
Yes. Since 2019 most floating home loans are linked to an external benchmark (usually the RBI repo rate). When the repo rate changes, your rate — and either your EMI or tenure — adjusts, typically within a quarter.
Yes, most lenders allow a conversion (or a balance transfer to a floating loan) for a small fee. If you expect rates to fall or stay flat, switching to floating can lower your total interest.
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Reviewed by Ekatra's home-loan experts · Calculations are indicative; consult a financial advisor for personalised advice.
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