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Home Loan EMI Calculator

Loan EMIâ‚ą40,280
Loan Amount
Interest Rate
YrMo
Loan Tenure
Loan EMIâ‚ą40,280
Interestâ‚ą46,67,118
Principalâ‚ą50,00,000
Totalâ‚ą96,67,118

Complete EMI Schedule

Date
Principal Amount
Interest
EMI
Balance
Loan Paid To Date
Apr
â‚ą9,030
â‚ą31,250
â‚ą40,280
â‚ą49,90,970
0.18%
May
â‚ą9,086
â‚ą31,194
â‚ą40,280
â‚ą49,81,884
0.36%
Jun
â‚ą9,143
â‚ą31,137
â‚ą40,280
â‚ą49,72,741
0.55%
Jul
â‚ą9,200
â‚ą31,080
â‚ą40,280
â‚ą49,63,541
0.73%
Aug
â‚ą9,258
â‚ą31,022
â‚ą40,280
â‚ą49,54,284
0.91%
Sep
â‚ą9,315
â‚ą30,964
â‚ą40,280
â‚ą49,44,968
1.1%
Oct
â‚ą9,374
â‚ą30,906
â‚ą40,280
â‚ą49,35,595
1.29%
Nov
â‚ą9,432
â‚ą30,847
â‚ą40,280
â‚ą49,26,163
1.48%
Dec
â‚ą9,491
â‚ą30,789
â‚ą40,280
â‚ą49,16,671
1.67%
Jan
â‚ą9,550
â‚ą30,729
â‚ą40,280
â‚ą49,07,121
1.86%
Feb
â‚ą9,610
â‚ą30,670
â‚ą40,280
â‚ą48,97,511
2.05%
Mar
â‚ą9,670
â‚ą30,609
â‚ą40,280
â‚ą48,87,841
2.24%
Apr
â‚ą9,731
â‚ą30,549
â‚ą40,280
â‚ą48,78,110
2.44%
May
â‚ą9,791
â‚ą30,488
â‚ą40,280
â‚ą48,68,319
2.63%
Jun
â‚ą9,853
â‚ą30,427
â‚ą40,280
â‚ą48,58,466
2.83%
Jul
â‚ą9,914
â‚ą30,365
â‚ą40,280
â‚ą48,48,552
3.03%
Aug
â‚ą9,976
â‚ą30,303
â‚ą40,280
â‚ą48,38,575
3.23%
Sep
â‚ą10,039
â‚ą30,241
â‚ą40,280
â‚ą48,28,537
3.43%
Oct
â‚ą10,101
â‚ą30,178
â‚ą40,280
â‚ą48,18,436
3.63%
Nov
â‚ą10,164
â‚ą30,115
â‚ą40,280
â‚ą48,08,271
3.83%
Dec
â‚ą10,228
â‚ą30,052
â‚ą40,280
â‚ą47,98,043
4.04%
Jan
â‚ą10,292
â‚ą29,988
â‚ą40,280
â‚ą47,87,751
4.24%
Feb
â‚ą10,356
â‚ą29,923
â‚ą40,280
â‚ą47,77,395
4.45%
Mar
â‚ą10,421
â‚ą29,859
â‚ą40,280
â‚ą47,66,974
4.66%
Apr
â‚ą10,486
â‚ą29,794
â‚ą40,280
â‚ą47,56,488
4.87%
May
â‚ą10,552
â‚ą29,728
â‚ą40,280
â‚ą47,45,936
5.08%
Jun
â‚ą10,618
â‚ą29,662
â‚ą40,280
â‚ą47,35,319
5.29%
Jul
â‚ą10,684
â‚ą29,596
â‚ą40,280
â‚ą47,24,635
5.51%
Aug
â‚ą10,751
â‚ą29,529
â‚ą40,280
â‚ą47,13,884
5.72%
Sep
â‚ą10,818
â‚ą29,462
â‚ą40,280
â‚ą47,03,066
5.94%
Oct
â‚ą10,885
â‚ą29,394
â‚ą40,280
â‚ą46,92,181
6.16%
Nov
â‚ą10,954
â‚ą29,326
â‚ą40,280
â‚ą46,81,227
6.38%
Dec
â‚ą11,022
â‚ą29,258
â‚ą40,280
â‚ą46,70,205
6.6%
Jan
â‚ą11,091
â‚ą29,189
â‚ą40,280
â‚ą46,59,114
6.82%
Feb
â‚ą11,160
â‚ą29,119
â‚ą40,280
â‚ą46,47,954
7.04%
Mar
â‚ą11,230
â‚ą29,050
â‚ą40,280
â‚ą46,36,724
7.27%
Apr
â‚ą11,300
â‚ą28,980
â‚ą40,280
â‚ą46,25,424
7.49%
May
â‚ą11,371
â‚ą28,909
â‚ą40,280
â‚ą46,14,053
7.72%
Jun
â‚ą11,442
â‚ą28,838
â‚ą40,280
â‚ą46,02,612
7.95%
Jul
â‚ą11,513
â‚ą28,766
â‚ą40,280
â‚ą45,91,098
8.18%
Aug
â‚ą11,585
â‚ą28,694
â‚ą40,280
â‚ą45,79,513
8.41%
Sep
â‚ą11,658
â‚ą28,622
â‚ą40,280
â‚ą45,67,855
8.64%
Oct
â‚ą11,731
â‚ą28,549
â‚ą40,280
â‚ą45,56,125
8.88%
Nov
â‚ą11,804
â‚ą28,476
â‚ą40,280
â‚ą45,44,321
9.11%
Dec
â‚ą11,878
â‚ą28,402
â‚ą40,280
â‚ą45,32,443
9.35%
Jan
â‚ą11,952
â‚ą28,328
â‚ą40,280
â‚ą45,20,491
9.59%
Feb
â‚ą12,027
â‚ą28,253
â‚ą40,280
â‚ą45,08,465
9.83%
Mar
â‚ą12,102
â‚ą28,178
â‚ą40,280
â‚ą44,96,363
10.07%
Apr
â‚ą12,177
â‚ą28,102
â‚ą40,280
â‚ą44,84,186
10.32%
May
â‚ą12,254
â‚ą28,026
â‚ą40,280
â‚ą44,71,932
10.56%
Jun
â‚ą12,330
â‚ą27,950
â‚ą40,280
â‚ą44,59,602
10.81%
Jul
â‚ą12,407
â‚ą27,873
â‚ą40,280
â‚ą44,47,195
11.06%
Aug
â‚ą12,485
â‚ą27,795
â‚ą40,280
â‚ą44,34,710
11.31%
Sep
â‚ą12,563
â‚ą27,717
â‚ą40,280
â‚ą44,22,147
11.56%
Oct
â‚ą12,641
â‚ą27,638
â‚ą40,280
â‚ą44,09,506
11.81%
Nov
â‚ą12,720
â‚ą27,559
â‚ą40,280
â‚ą43,96,786
12.06%
Dec
â‚ą12,800
â‚ą27,480
â‚ą40,280
â‚ą43,83,986
12.32%
Jan
â‚ą12,880
â‚ą27,400
â‚ą40,280
â‚ą43,71,106
12.58%
Feb
â‚ą12,960
â‚ą27,319
â‚ą40,280
â‚ą43,58,146
12.84%
Mar
â‚ą13,041
â‚ą27,238
â‚ą40,280
â‚ą43,45,105
13.1%
Apr
â‚ą13,123
â‚ą27,157
â‚ą40,280
â‚ą43,31,982
13.36%
May
â‚ą13,205
â‚ą27,075
â‚ą40,280
â‚ą43,18,777
13.62%
Jun
â‚ą13,287
â‚ą26,992
â‚ą40,280
â‚ą43,05,490
13.89%
Jul
â‚ą13,370
â‚ą26,909
â‚ą40,280
â‚ą42,92,120
14.16%
Aug
â‚ą13,454
â‚ą26,826
â‚ą40,280
â‚ą42,78,666
14.43%
Sep
â‚ą13,538
â‚ą26,742
â‚ą40,280
â‚ą42,65,128
14.7%
Oct
â‚ą13,623
â‚ą26,657
â‚ą40,280
â‚ą42,51,505
14.97%
Nov
â‚ą13,708
â‚ą26,572
â‚ą40,280
â‚ą42,37,797
15.24%
Dec
â‚ą13,793
â‚ą26,486
â‚ą40,280
â‚ą42,24,004
15.52%
Jan
â‚ą13,880
â‚ą26,400
â‚ą40,280
â‚ą42,10,124
15.8%
Feb
â‚ą13,966
â‚ą26,313
â‚ą40,280
â‚ą41,96,158
16.08%
Mar
â‚ą14,054
â‚ą26,226
â‚ą40,280
â‚ą41,82,104
16.36%
Apr
â‚ą14,142
â‚ą26,138
â‚ą40,280
â‚ą41,67,963
16.64%
May
â‚ą14,230
â‚ą26,050
â‚ą40,280
â‚ą41,53,733
16.93%
Jun
â‚ą14,319
â‚ą25,961
â‚ą40,280
â‚ą41,39,414
17.21%
Jul
â‚ą14,408
â‚ą25,871
â‚ą40,280
â‚ą41,25,006
17.5%
Aug
â‚ą14,498
â‚ą25,781
â‚ą40,280
â‚ą41,10,507
17.79%
Sep
â‚ą14,589
â‚ą25,691
â‚ą40,280
â‚ą40,95,918
18.08%
Oct
â‚ą14,680
â‚ą25,599
â‚ą40,280
â‚ą40,81,238
18.38%
Nov
â‚ą14,772
â‚ą25,508
â‚ą40,280
â‚ą40,66,466
18.67%
Dec
â‚ą14,864
â‚ą25,415
â‚ą40,280
â‚ą40,51,602
18.97%
Jan
â‚ą14,957
â‚ą25,323
â‚ą40,280
â‚ą40,36,645
19.27%
Feb
â‚ą15,051
â‚ą25,229
â‚ą40,280
â‚ą40,21,594
19.57%
Mar
â‚ą15,145
â‚ą25,135
â‚ą40,280
â‚ą40,06,450
19.87%
Apr
â‚ą15,239
â‚ą25,040
â‚ą40,280
â‚ą39,91,210
20.18%
May
â‚ą15,335
â‚ą24,945
â‚ą40,280
â‚ą39,75,876
20.48%
Jun
â‚ą15,430
â‚ą24,849
â‚ą40,280
â‚ą39,60,445
20.79%
Jul
â‚ą15,527
â‚ą24,753
â‚ą40,280
â‚ą39,44,918
21.1%
Aug
â‚ą15,624
â‚ą24,656
â‚ą40,280
â‚ą39,29,294
21.41%
Sep
â‚ą15,722
â‚ą24,558
â‚ą40,280
â‚ą39,13,573
21.73%
Oct
â‚ą15,820
â‚ą24,460
â‚ą40,280
â‚ą38,97,753
22.04%
Nov
â‚ą15,919
â‚ą24,361
â‚ą40,280
â‚ą38,81,834
22.36%
Dec
â‚ą16,018
â‚ą24,261
â‚ą40,280
â‚ą38,65,816
22.68%
Jan
â‚ą16,118
â‚ą24,161
â‚ą40,280
â‚ą38,49,698
23.01%
Feb
â‚ą16,219
â‚ą24,061
â‚ą40,280
â‚ą38,33,479
23.33%
Mar
â‚ą16,320
â‚ą23,959
â‚ą40,280
â‚ą38,17,158
23.66%
Apr
â‚ą16,422
â‚ą23,857
â‚ą40,280
â‚ą38,00,736
23.99%
May
â‚ą16,525
â‚ą23,755
â‚ą40,280
â‚ą37,84,211
24.32%
Jun
â‚ą16,628
â‚ą23,651
â‚ą40,280
â‚ą37,67,583
24.65%
Jul
â‚ą16,732
â‚ą23,547
â‚ą40,280
â‚ą37,50,850
24.98%
Aug
â‚ą16,837
â‚ą23,443
â‚ą40,280
â‚ą37,34,013
25.32%
Sep
â‚ą16,942
â‚ą23,338
â‚ą40,280
â‚ą37,17,071
25.66%
Oct
â‚ą17,048
â‚ą23,232
â‚ą40,280
â‚ą37,00,023
26%
Nov
â‚ą17,155
â‚ą23,125
â‚ą40,280
â‚ą36,82,869
26.34%
Dec
â‚ą17,262
â‚ą23,018
â‚ą40,280
â‚ą36,65,607
26.69%
Jan
â‚ą17,370
â‚ą22,910
â‚ą40,280
â‚ą36,48,238
27.04%
Feb
â‚ą17,478
â‚ą22,801
â‚ą40,280
â‚ą36,30,759
27.38%
Mar
â‚ą17,587
â‚ą22,692
â‚ą40,280
â‚ą36,13,172
27.74%
Apr
â‚ą17,697
â‚ą22,582
â‚ą40,280
â‚ą35,95,475
28.09%
May
â‚ą17,808
â‚ą22,472
â‚ą40,280
â‚ą35,77,667
28.45%
Jun
â‚ą17,919
â‚ą22,360
â‚ą40,280
â‚ą35,59,747
28.81%
Jul
â‚ą18,031
â‚ą22,248
â‚ą40,280
â‚ą35,41,716
29.17%
Aug
â‚ą18,144
â‚ą22,136
â‚ą40,280
â‚ą35,23,572
29.53%
Sep
â‚ą18,257
â‚ą22,022
â‚ą40,280
â‚ą35,05,315
29.89%
Oct
â‚ą18,371
â‚ą21,908
â‚ą40,280
â‚ą34,86,944
30.26%
Nov
â‚ą18,486
â‚ą21,793
â‚ą40,280
â‚ą34,68,457
30.63%
Dec
â‚ą18,602
â‚ą21,678
â‚ą40,280
â‚ą34,49,855
31%
Jan
â‚ą18,718
â‚ą21,562
â‚ą40,280
â‚ą34,31,137
31.38%
Feb
â‚ą18,835
â‚ą21,445
â‚ą40,280
â‚ą34,12,302
31.75%
Mar
â‚ą18,953
â‚ą21,327
â‚ą40,280
â‚ą33,93,350
32.13%
Apr
â‚ą19,071
â‚ą21,208
â‚ą40,280
â‚ą33,74,278
32.51%
May
â‚ą19,190
â‚ą21,089
â‚ą40,280
â‚ą33,55,088
32.9%
Jun
â‚ą19,310
â‚ą20,969
â‚ą40,280
â‚ą33,35,778
33.28%
Jul
â‚ą19,431
â‚ą20,849
â‚ą40,280
â‚ą33,16,347
33.67%
Aug
â‚ą19,552
â‚ą20,727
â‚ą40,280
â‚ą32,96,794
34.06%
Sep
â‚ą19,675
â‚ą20,605
â‚ą40,280
â‚ą32,77,119
34.46%
Oct
â‚ą19,798
â‚ą20,482
â‚ą40,280
â‚ą32,57,322
34.85%
Nov
â‚ą19,921
â‚ą20,358
â‚ą40,280
â‚ą32,37,400
35.25%
Dec
â‚ą20,046
â‚ą20,234
â‚ą40,280
â‚ą32,17,354
35.65%
Jan
â‚ą20,171
â‚ą20,108
â‚ą40,280
â‚ą31,97,183
36.06%
Feb
â‚ą20,297
â‚ą19,982
â‚ą40,280
â‚ą31,76,886
36.46%
Mar
â‚ą20,424
â‚ą19,856
â‚ą40,280
â‚ą31,56,462
36.87%
Apr
â‚ą20,552
â‚ą19,728
â‚ą40,280
â‚ą31,35,910
37.28%
May
â‚ą20,680
â‚ą19,599
â‚ą40,280
â‚ą31,15,230
37.7%
Jun
â‚ą20,809
â‚ą19,470
â‚ą40,280
â‚ą30,94,420
38.11%
Jul
â‚ą20,940
â‚ą19,340
â‚ą40,280
â‚ą30,73,481
38.53%
Aug
â‚ą21,070
â‚ą19,209
â‚ą40,280
â‚ą30,52,410
38.95%
Sep
â‚ą21,202
â‚ą19,078
â‚ą40,280
â‚ą30,31,208
39.38%
Oct
â‚ą21,335
â‚ą18,945
â‚ą40,280
â‚ą30,09,874
39.8%
Nov
â‚ą21,468
â‚ą18,812
â‚ą40,280
â‚ą29,88,406
40.23%
Dec
â‚ą21,602
â‚ą18,678
â‚ą40,280
â‚ą29,66,804
40.66%
Jan
â‚ą21,737
â‚ą18,543
â‚ą40,280
â‚ą29,45,066
41.1%
Feb
â‚ą21,873
â‚ą18,407
â‚ą40,280
â‚ą29,23,193
41.54%
Mar
â‚ą22,010
â‚ą18,270
â‚ą40,280
â‚ą29,01,184
41.98%
Apr
â‚ą22,147
â‚ą18,132
â‚ą40,280
â‚ą28,79,036
42.42%
May
â‚ą22,286
â‚ą17,994
â‚ą40,280
â‚ą28,56,751
42.86%
Jun
â‚ą22,425
â‚ą17,855
â‚ą40,280
â‚ą28,34,326
43.31%
Jul
â‚ą22,565
â‚ą17,715
â‚ą40,280
â‚ą28,11,761
43.76%
Aug
â‚ą22,706
â‚ą17,574
â‚ą40,280
â‚ą27,89,055
44.22%
Sep
â‚ą22,848
â‚ą17,432
â‚ą40,280
â‚ą27,66,206
44.68%
Oct
â‚ą22,991
â‚ą17,289
â‚ą40,280
â‚ą27,43,216
45.14%
Nov
â‚ą23,135
â‚ą17,145
â‚ą40,280
â‚ą27,20,081
45.6%
Dec
â‚ą23,279
â‚ą17,001
â‚ą40,280
â‚ą26,96,802
46.06%
Jan
â‚ą23,425
â‚ą16,855
â‚ą40,280
â‚ą26,73,377
46.53%
Feb
â‚ą23,571
â‚ą16,709
â‚ą40,280
â‚ą26,49,806
47%
Mar
â‚ą23,718
â‚ą16,561
â‚ą40,280
â‚ą26,26,088
47.48%
Apr
â‚ą23,867
â‚ą16,413
â‚ą40,280
â‚ą26,02,221
47.96%
May
â‚ą24,016
â‚ą16,264
â‚ą40,280
â‚ą25,78,205
48.44%
Jun
â‚ą24,166
â‚ą16,114
â‚ą40,280
â‚ą25,54,040
48.92%
Jul
â‚ą24,317
â‚ą15,963
â‚ą40,280
â‚ą25,29,723
49.41%
Aug
â‚ą24,469
â‚ą15,811
â‚ą40,280
â‚ą25,05,254
49.89%
Sep
â‚ą24,622
â‚ą15,658
â‚ą40,280
â‚ą24,80,632
50.39%
Oct
â‚ą24,776
â‚ą15,504
â‚ą40,280
â‚ą24,55,856
50.88%
Nov
â‚ą24,931
â‚ą15,349
â‚ą40,280
â‚ą24,30,926
51.38%
Dec
â‚ą25,086
â‚ą15,193
â‚ą40,280
â‚ą24,05,839
51.88%
Jan
â‚ą25,243
â‚ą15,036
â‚ą40,280
â‚ą23,80,596
52.39%
Feb
â‚ą25,401
â‚ą14,879
â‚ą40,280
â‚ą23,55,195
52.9%
Mar
â‚ą25,560
â‚ą14,720
â‚ą40,280
â‚ą23,29,636
53.41%
Apr
â‚ą25,719
â‚ą14,560
â‚ą40,280
â‚ą23,03,916
53.92%
May
â‚ą25,880
â‚ą14,399
â‚ą40,280
â‚ą22,78,036
54.44%
Jun
â‚ą26,042
â‚ą14,238
â‚ą40,280
â‚ą22,51,994
54.96%
Jul
â‚ą26,205
â‚ą14,075
â‚ą40,280
â‚ą22,25,789
55.48%
Aug
â‚ą26,368
â‚ą13,911
â‚ą40,280
â‚ą21,99,421
56.01%
Sep
â‚ą26,533
â‚ą13,746
â‚ą40,280
â‚ą21,72,888
56.54%
Oct
â‚ą26,699
â‚ą13,581
â‚ą40,280
â‚ą21,46,188
57.08%
Nov
â‚ą26,866
â‚ą13,414
â‚ą40,280
â‚ą21,19,322
57.61%
Dec
â‚ą27,034
â‚ą13,246
â‚ą40,280
â‚ą20,92,289
58.15%
Jan
â‚ą27,203
â‚ą13,077
â‚ą40,280
â‚ą20,65,086
58.7%
Feb
â‚ą27,373
â‚ą12,907
â‚ą40,280
â‚ą20,37,713
59.25%
Mar
â‚ą27,544
â‚ą12,736
â‚ą40,280
â‚ą20,10,169
59.8%
Apr
â‚ą27,716
â‚ą12,564
â‚ą40,280
â‚ą19,82,453
60.35%
May
â‚ą27,889
â‚ą12,390
â‚ą40,280
â‚ą19,54,563
60.91%
Jun
â‚ą28,064
â‚ą12,216
â‚ą40,280
â‚ą19,26,500
61.47%
Jul
â‚ą28,239
â‚ą12,041
â‚ą40,280
â‚ą18,98,261
62.03%
Aug
â‚ą28,416
â‚ą11,864
â‚ą40,280
â‚ą18,69,845
62.6%
Sep
â‚ą28,593
â‚ą11,687
â‚ą40,280
â‚ą18,41,252
63.17%
Oct
â‚ą28,772
â‚ą11,508
â‚ą40,280
â‚ą18,12,480
63.75%
Nov
â‚ą28,952
â‚ą11,328
â‚ą40,280
â‚ą17,83,529
64.33%
Dec
â‚ą29,133
â‚ą11,147
â‚ą40,280
â‚ą17,54,396
64.91%
Jan
â‚ą29,315
â‚ą10,965
â‚ą40,280
â‚ą17,25,081
65.5%
Feb
â‚ą29,498
â‚ą10,782
â‚ą40,280
â‚ą16,95,583
66.09%
Mar
â‚ą29,682
â‚ą10,597
â‚ą40,280
â‚ą16,65,901
66.68%
Apr
â‚ą29,868
â‚ą10,412
â‚ą40,280
â‚ą16,36,033
67.28%
May
â‚ą30,054
â‚ą10,225
â‚ą40,280
â‚ą16,05,979
67.88%
Jun
â‚ą30,242
â‚ą10,037
â‚ą40,280
â‚ą15,75,737
68.49%
Jul
â‚ą30,431
â‚ą9,848
â‚ą40,280
â‚ą15,45,305
69.09%
Aug
â‚ą30,622
â‚ą9,658
â‚ą40,280
â‚ą15,14,684
69.71%
Sep
â‚ą30,813
â‚ą9,467
â‚ą40,280
â‚ą14,83,871
70.32%
Oct
â‚ą31,005
â‚ą9,274
â‚ą40,280
â‚ą14,52,865
70.94%
Nov
â‚ą31,199
â‚ą9,080
â‚ą40,280
â‚ą14,21,666
71.57%
Dec
â‚ą31,394
â‚ą8,885
â‚ą40,280
â‚ą13,90,272
72.19%
Jan
â‚ą31,590
â‚ą8,689
â‚ą40,280
â‚ą13,58,681
72.83%
Feb
â‚ą31,788
â‚ą8,492
â‚ą40,280
â‚ą13,26,894
73.46%
Mar
â‚ą31,987
â‚ą8,293
â‚ą40,280
â‚ą12,94,907
74.1%
Apr
â‚ą32,186
â‚ą8,093
â‚ą40,280
â‚ą12,62,721
74.75%
May
â‚ą32,388
â‚ą7,892
â‚ą40,280
â‚ą12,30,333
75.39%
Jun
â‚ą32,590
â‚ą7,690
â‚ą40,280
â‚ą11,97,743
76.05%
Jul
â‚ą32,794
â‚ą7,486
â‚ą40,280
â‚ą11,64,949
76.7%
Aug
â‚ą32,999
â‚ą7,281
â‚ą40,280
â‚ą11,31,950
77.36%
Sep
â‚ą33,205
â‚ą7,075
â‚ą40,280
â‚ą10,98,745
78.03%
Oct
â‚ą33,413
â‚ą6,867
â‚ą40,280
â‚ą10,65,333
78.69%
Nov
â‚ą33,621
â‚ą6,658
â‚ą40,280
â‚ą10,31,711
79.37%
Dec
â‚ą33,831
â‚ą6,448
â‚ą40,280
â‚ą9,97,880
80.04%
Jan
â‚ą34,043
â‚ą6,237
â‚ą40,280
â‚ą9,63,837
80.72%
Feb
â‚ą34,256
â‚ą6,024
â‚ą40,280
â‚ą9,29,581
81.41%
Mar
â‚ą34,470
â‚ą5,810
â‚ą40,280
â‚ą8,95,112
82.1%
Apr
â‚ą34,685
â‚ą5,594
â‚ą40,280
â‚ą8,60,426
82.79%
May
â‚ą34,902
â‚ą5,378
â‚ą40,280
â‚ą8,25,524
83.49%
Jun
â‚ą35,120
â‚ą5,160
â‚ą40,280
â‚ą7,90,404
84.19%
Jul
â‚ą35,340
â‚ą4,940
â‚ą40,280
â‚ą7,55,065
84.9%
Aug
â‚ą35,561
â‚ą4,719
â‚ą40,280
â‚ą7,19,504
85.61%
Sep
â‚ą35,783
â‚ą4,497
â‚ą40,280
â‚ą6,83,721
86.33%
Oct
â‚ą36,006
â‚ą4,273
â‚ą40,280
â‚ą6,47,715
87.05%
Nov
â‚ą36,231
â‚ą4,048
â‚ą40,280
â‚ą6,11,484
87.77%
Dec
â‚ą36,458
â‚ą3,822
â‚ą40,280
â‚ą5,75,026
88.5%
Jan
â‚ą36,686
â‚ą3,594
â‚ą40,280
â‚ą5,38,340
89.23%
Feb
â‚ą36,915
â‚ą3,365
â‚ą40,280
â‚ą5,01,425
89.97%
Mar
â‚ą37,146
â‚ą3,134
â‚ą40,280
â‚ą4,64,279
90.71%
Apr
â‚ą37,378
â‚ą2,902
â‚ą40,280
â‚ą4,26,901
91.46%
May
â‚ą37,612
â‚ą2,668
â‚ą40,280
â‚ą3,89,290
92.21%
Jun
â‚ą37,847
â‚ą2,433
â‚ą40,280
â‚ą3,51,443
92.97%
Jul
â‚ą38,083
â‚ą2,197
â‚ą40,280
â‚ą3,13,360
93.73%
Aug
â‚ą38,321
â‚ą1,958
â‚ą40,280
â‚ą2,75,039
94.5%
Sep
â‚ą38,561
â‚ą1,719
â‚ą40,280
â‚ą2,36,478
95.27%
Oct
â‚ą38,802
â‚ą1,478
â‚ą40,280
â‚ą1,97,676
96.05%
Nov
â‚ą39,044
â‚ą1,235
â‚ą40,280
â‚ą1,58,632
96.83%
Dec
â‚ą39,288
â‚ą991
â‚ą40,280
â‚ą1,19,344
97.61%
Jan
â‚ą39,534
â‚ą746
â‚ą40,280
â‚ą79,810
98.4%
Feb
â‚ą39,781
â‚ą499
â‚ą40,280
â‚ą40,029
99.2%
Mar
â‚ą40,029
â‚ą250
â‚ą40,280
â‚ą0
100%

Home Loan EMI Calculator

In today's time where property rates are continuously surging, buying a house without an external source of income is almost impossible. Hence, a lot of prospective buyers are moving towards home loans as their rescue option.

While borrowing a home loan, it becomes utmost important for the borrower to estimate the amount of monthly installments that he/she would be paying towards the repayment of their home loan. To get the actual amount of EMI, you may use a home loan EMI calculator. Let's first understand home loans in detail!

Understanding Home Loans

Here are a few points that you should know about home loans-

  • You can borrow a home loan for buying a home, a flat or a plot for the purpose of construction of a house, renovation, extension or repairs of your existing house
  • Before taking the loan, it is important to calculate the amount of loan that you actually need to take, the time period in which you can repay the loan and the rate of interest that you'd paying on the borrowed amount
  • It is advised that you use a home loan eligibility calculator to find out whether or not you are actually eligible for borrowing the desired amount. Your eligibility on the home loan will depend on various factors such as your monthly income, monthly expenses, assets, liabilities, etc.

What is the use of a Home Loan EMI Calculator?

A home loan EMI calculator helps you calculate the amount of monthly installments that you'd be paying on your home loan.

The home loan EMI calculator makes use of the factors such as the actual loan amount, loan tenure and the applicable rate of interest on the borrowed amount to calculate your EMI amount.

A home loan EMI calculator actually works on the following formula-

EMI=[P x R x (1+R)^N]/[(1+R)^ (N-1)]

Where,
EMI stands for Equated Monthly Installment
Prefers to the principal amount, or the actual amount borrowed
Rrefers to the rate of interest on the loan amount (to be calculated monthly)
N stands for the loan duration; meaning the time period in which the loan amount must be repaid (to be used in terms of months)

Let's take an example to understand this better-

Suppose, you take a home loan of Rs. 10 lakh for 2 years at a rate of interest of 20% p.a.

Now, since the rate of interest and loan duration given above are in different units, we need to first convert these into months.
Loan duration in months - 12*2=24 months
Monthly Rate of interest - 20/12=1.66% p.m.

Now, using the above formula-

EMI=[P x R x (1+R)^N]/[(1+R)^ (N-1)]
EMI=[10 x 1.66 x (1+1.66)^24]/[(1+1.66)^ (24-1)]
EMI=Rs. 50,896

An EMI calculator uses the above formula to calculate the EMI on home loan in seconds. When using an EMI calculator, you don't need to go through such long calculations of converting different units of loan tenure or rate of interest into months. Neither do you need to use such a formula to do the calculations by yourself.

You simply need to enter the three basic details related to your home loan, and you will see your EMI amount within seconds!

Frequently Asked Questions

FAQs

What can a home loan be used for?
A home loan can be borrowed for various purposes such as buying a home, a flat or a plot for the purpose of construction of a house, renovation, extension or repairs of your existing house.
How can I use a home loan EMI calculator?
You can easily use a home loan EMI calculator to calculate your monthly EMI on the borrowed amount. All you need to do is enter the principal amount, loan tenure and applicable rate of interest.
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