Home Loan EMI Calculator

Loan Amount (₹):

₹ 50k

₹ 50lac

Tenure (Years):

Interest Rate (% P.A.):

Monthly EMI:
₹ 0

Principal Amount:
₹ 500000

Total Interest:
₹ 0

Total Payment:
₹ 0

Principal Amount

Interest Amount

What is Home Loan?

Home loan or the housing loan is an amount of money borrowed by an individual, from a lender which is usually a bank or Housing Finance Companies, (HFCs) to purchase a house. While taking a home loan, it is important to consider a few factors on priority: interest rate, loan amount, loan tenure and credit score.

What is Home Loan EMI?

Equated Monthly Installment (EMI) is a method of repaying the principal amount and loan interest in a staggered manner on a monthly basis till the loan is fully paid. Every EMI payment includes both the principal loan amount and the interest charged. Credit card score/Credit history helps in assessing the home loan EMI.

What is Home Loan EMI Calculator?

Due to increasing real estate prices and insufficient savings, buying a house can become a difficult decision for many. However, a home loan enables people to make their dream of owning a house come true without having to give away their savings in an instant.

How does EMI Calculation help in planning home purchase?

EMI calculation gives a clear assessment of the amount that has to be put aside for paying EMIs which enables you to make an informed decision about the outflow for the loan every month. It provides an estimate of the loan amount that is available and see how much more needs to be contributed with respect to the cost of property.

When does my Home Loan EMIs start?

Your home loan EMI begins from the month subsequent to the month in which disbursement of the loan is done. EMI for loans for under-construction properties usually begins after the complete home loan is disbursed. However, you can choose to begin EMIs as soon as you avail your fist disbursement and your EMIs will increase proportionately with every subsequent disbursement. In case of resale, EMI on the whole loan amount start from the subsequent to the month of disbursement.