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Home Down Payment Calculator India

Save for your dream home — know the down payment target and monthly SIP

Buying a home is India's biggest financial goal, yet most first-time buyers are caught off-guard by the down payment requirement. Banks typically finance 75–80% of the property value — meaning you need to arrange 20–25% yourself, plus registration charges (5–7% of property value) and stamp duty.

For a ₹1 crore flat in Bengaluru, that's ₹20–25 lakh for the down payment plus ₹5–7 lakh for registration — totalling ₹25–32 lakh you need before the bank steps in. And property prices in Indian metros have been rising at 7–10% per year.

This calculator helps you estimate the total amount you'll need (down payment + registration + furnishing buffer) for your target property, inflated to your purchase year, and shows the monthly SIP to get there.
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How this calculator works

The calculator applies two key financial concepts: inflation adjustment and compound interest. First, it takes your goal's cost in today's money and inflates it to the future year using the inflation rate you specify (or a sensible default for your goal type). This gives you the "future rupees" target — the actual amount you'll need to pay in the future.

Then it uses the PMT formula (standard financial planning math) to calculate the monthly SIP needed to accumulate that future target, assuming your investments grow at the expected return rate. It also shows the lump-sum amount you'd need to invest today (the present value at that same return rate) as an alternative to SIP.

All calculations are in nominal (future) rupees, not real (today's) rupees. This is the correct way to plan — you need to save enough future rupees to pay the future price, not today's price.

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Frequently Asked Questions

RBI mandates that banks can lend a maximum of 75–80% of the property value. So for a ₹60 lakh flat, you need ₹12–15 lakh as down payment. Add stamp duty (4–7% of property value depending on state) and registration (1–2%), and you actually need 25–30% of the total cost out of pocket.

2024 averages: Mumbai (1 BHK) ₹60–80 lakh, (2 BHK) ₹1–1.5 crore. Bengaluru (2 BHK) ₹50–80 lakh in suburbs, ₹80L–1.2 crore in prime areas. Delhi NCR (2 BHK) ₹50–90 lakh. Pune (2 BHK) ₹40–70 lakh. Hyderabad (2 BHK) ₹45–75 lakh.

Starting with zero savings and saving 30% of a ₹1L/month salary (₹30,000/month), a SIP in equity funds for 5–7 years can build ₹25–35 lakh — enough for a 2 BHK down payment in Pune or Hyderabad. For Mumbai or Bengaluru prime locations, plan for 8–12 years of disciplined saving.

The rent-vs-buy calculation in India heavily depends on the price-to-rent ratio. In most Indian metros, buying is financially rational only if you plan to stay for 10+ years. For shorter stays, renting and investing the down payment amount in equity funds often gives better returns. However, psychological and social factors also matter — owning a home provides stability and security.

Banks typically lend 60× your monthly net salary (some up to 72×). So with a monthly take-home of ₹80,000, your home loan eligibility is ₹48–58 lakh. EMI should not exceed 40–50% of your monthly income. Use this as a ceiling — the down payment required is the property price minus this amount.

For 7–10 year horizon: equity mutual funds via SIP (12% historical CAGR). For 4–6 years: balanced/hybrid funds. For 2–3 years: short-duration debt funds or RD (recurring deposit). Keep the money in a liquid fund 12 months before you plan to buy so you're not forced to sell equity in a down market.