Home Loan EMI Calculator
Get an idea of how much you could borrow and compare monthly payment plans now. 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.
Home Loan Calculator
The loan calculator helps you instantly calculate your pay-outs and, therefore, plan your loan and repayment better. To calculate your EMI, just enter the loan amount, rate of interest and loan tenure, and your EMI is instantly displayed.
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your loan.
How to Use Home Loan Calculator?
With colourful charts and instant results, our Home Loan Calculator is easy to use, intuitive to understand and is quick to perform.
- Principal loan amount you wish to avail
- Rate of interest (percentage)
- Loan tenure in years
A pie chart depicting the break-up of total payment (i.e., total principal vs. total interest payable) is also displayed. It displays the percentage of total interest versus principal amount in the sum total of all payments made against the loan.
The primary responsibility of a potential borrower is to have an exact estimate of the EMI amount they are liable to pay. One can take advantage of a home loan EMI calculator to arrive at the precise number.
Advantages of using our calculator
- It’s easy to use. All you have to do is insert a few necessary details, and the calculator will do the rest.
- It’s free for everyone. You don’t even have to register to the website.
- There is no limit on the number of times you can use it. So, you can quickly check the EMI for different home loan amounts.
As a debt category, the home loans corpus is expected to grow faster in the coming years. An online bank EMI calculator for a home loan is the go-to tool for all prospective debtors.