Home Loan EMI Calculator

A home loan EMI calculator is exactly what its name suggests. It is an online tool, which allows borrowers to determine their EMIs from a home loan, after taking into account the principal amount, repayment tenure and interest rates.

When you know exactly how much you want to borrow and from whom, you need to use such a calculator. Doing so will ensure that you are comfortable with the resulting EMIs from the said loan. While you can also calculate your home loan EMIs without a calculator, doing so is complex and may result in errors.

However, before you can understand the exact usage of a home loan calculator, you should know the following characteristics of such a loan.

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Calculate Home Loan EMI

Loan Amount

1 Lac 10 Cr

Tenure (Years)

1 30

Interest Rate (% P.A)

%
1% 20%
Monthly Home Loan EMI
17,761
Principal Amount
16,00,000
Interest Amount
₹ 9,57,568
Total Amount Payable
₹ 25,57,568

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Benefits of Using Home Loan EMI Calculator

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FAQs related to Home Loan EMI Calculator