Prestige Falcon City Thane EMI Calculator: Monthly EMI for 2, 3 and 4 BHK

Each figure uses the starting base price of the unit and a loan of 75% of it. The rate is 8% a year, close to what many salaried buyers get in September 2026.

A longer tenure lowers your EMI, but it raises the total interest by a wide margin. On the 2 BHK loan, you pay about ₹1.22 Cr as interest over 20 years. Stretch it to 30 years and the interest climbs to nearly ₹1.99 Cr. A good middle path is a 25-year loan with a comfortable EMI, plus prepayments as your income grows. This way, you keep monthly pressure low without locking in the full interest cost. You can check the latest unit prices on the project price page.

The RBI held the repo rate at 5.25% in its June and August 2026 policy meetings. Home loan rates now start near 7.25% at SBI and 7.45% at Bank of Baroda. Private lenders like HDFC Bank start closer to 7.9%. Your own rate depends on your credit score, income type and loan size.

All the figures above use a loan tenure of 25 years. A 0.5% rise in rate adds about ₹4,000 a month to the 2 BHK EMI. Over 25 years, that small gap adds up to more than ₹12 lakh in extra interest.

Banks use one standard formula to work out a home loan EMI. You can run it in any spreadsheet or on a phone calculator.

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n - 1)

Here, P is the loan amount and r is the yearly rate divided by 12. The letter n stands for the total number of monthly instalments. For a ₹1.215 Cr loan at 8% over 25 years, r is 0.00667 and n is 300. Put these values into the formula and you get an EMI of ₹93,776.

In Excel or Google Sheets, type =PMT(8%/12, 300, -12150000) to get the same answer in one step. Change the rate, months or amount to test your own case.

Banks lend only up to 75% of the property cost for loans above ₹75 lakh. Most lenders also leave out stamp duty and registration from the loan. So your own share is larger than the 25% down payment alone.

GST at 5% is charged on each instalment you pay during construction. Keep it in your own budget unless your lender agrees to include it in the loan. Women buyers in Thane pay 6% stamp duty instead of 7%, which trims the upfront amount a little.

The project follows a construction-linked payment plan, so the bank releases your loan in parts. Your first two instalments come from your own funds. After that, the bank pays each stage, and you pay interest only on the amount released so far. Banks call this monthly interest payment your pre-EMI.

Pre-EMI keeps your early outgo low, but it does not reduce your principal. If you can afford it, ask your bank to start the full EMI from the first disbursement. This shortens your loan and saves interest, especially with possession planned for December 2031.

Most banks want your total EMIs to stay within 40% to 50% of your net monthly income. The table below shows the take-home pay you need at 8% over 25 years, with no other loans.

A joint loan with your spouse or a parent combines both incomes and raises your loan eligibility. Any car or personal loan EMIs you already pay will reduce the amount a bank will offer. Banks also check your credit score, job stability and age, since the loan must end before you retire.

• Pay a bigger down payment, since every ₹10 lakh less in loan cuts about ₹7,700 from your EMI.
• Compare offers from at least three lenders, and ask for a lower rate if your score tops 750.
• Consider a woman as the main borrower, since some lenders offer her a slightly lower rate.
• Make part prepayments from bonuses, as floating rate home loans carry no prepayment penalty for individual borrowers.
• Review your rate every year, and switch lenders if the gap with new offers crosses 0.5%.

Under the old tax regime, you can claim up to ₹1.5 lakh a year on principal under 80C. You can also claim up to ₹2 lakh a year on interest under 24(b) after possession. Interest paid during construction gets split into five equal yearly parts, within the same ₹2 lakh limit.