Estimate your EMI, total repayment, interest, and repayment schedule. Plan your biggest financial decision with detailed results, graph, and yearly breakdown.
We use the amortization formula to calculate your EMI, total repayment, and interest, factoring in your down payment. The graph and table show how your balance reduces over time.
Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It an easy to use calculator and acts as a financial planning tool for a home buyer.
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure helps in reducing the EMI.
Using standard formulas with your principal, down payment, rate, and tenure to calculate equal monthly installments.
Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month. This helps estimate the loan amount that can be availed and helps in assessing the own contribution requirements and cost of the property. Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better.
It displays how your outstanding loan balance reduces over time as you pay EMIs.
It's an estimate. Actual repayments may vary with lender fees and terms.