Down Payment Calculator

Calculate down payment for home loans, car loans, and other purchases. Plan your down payment with accurate calculations and loan planning.

Purchase Details

Basic Information

Loan Details

Additional Costs

Down Payment Calculation Results

Enter your purchase details and click calculate to see results

Down Payment Benefits

  • • Lower EMI: Higher down payment reduces monthly EMI
  • • Lower Interest: Less loan amount means less interest
  • • Better Terms: Lenders offer better rates for higher down payment
  • • LTV Ratio: Lower loan-to-value ratio improves loan approval

Frequently Asked Questions

What is a down payment?

A down payment is the initial payment made when purchasing a property or vehicle. It's typically a percentage of the total purchase price and reduces the loan amount needed.

What is the minimum down payment required?

The minimum down payment varies by loan type. For home loans, it's typically 10-20% of the property value. For car loans, it can be as low as 5-10% of the vehicle price.

How does down payment affect EMI?

A higher down payment reduces the loan amount, which in turn reduces the EMI. This also means paying less interest over the loan tenure and faster loan repayment.