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EMI Calculator

EMI Calculator For  HOME LOAN, CAR LOAN, Personal Loan
The calculator listed below can be used for calculation of Home loan,Car Loan , Personal and all other types of Loan by entering Loan Amount ,Loan Tenure & Interest Rate offered by  any Bank Like SBI , HDFC  or any other Financial Institution Like India Bulls , DHFL.This Calculation helps you to preplan your Financials before borrowing a Loan as it's a long term commitment and must be plan very Smartly. The  Interest Rate may vary from time to time by Guidelines from RBI (Reserve Bank Of India)  and any other governing bodies across other Countries so you may opt for either EMI change else your tenure would adjusted base on change in Interest Rates.

Just Enter the following information in the EMI Calculator as shown in example below and you are done:-

Page Title

EMI Calulator

Enter Loan Details
Loan Amount
Loan Tenure in Months
Interest Rate
Monthly PaymentCalculated EMI
Principal + InterestTotal Repayment

  • Loan amount you wish to avail (rupees) ---- 2,00,000
  • Loan term (months) -------  12 
  • Rate of interest (percentage) ----- 10

What is Home Loan EMI Calculator?
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.

What is Home Loan EMI?
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 (for a maximum period of 30 years) helps in reducing the EMI.

How does EMI calculation help in planning the home purchase?
 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.

What is Home Loan Amortization Schedule?
Loan amortization is the process of reducing the debt with regular payments over the loan period. A home loan amortization schedule is a table giving the details of the repayment amount, principal and interest component.

 EMI calculators give a fair understanding about the ratio of the principal amount to the interest due, based on the loan tenure and interest rates. EMI calculator also provides an amortization table elucidating the repayment schedule.  home loan calculator provides a complete break-up of the interest and principal amount.

 offers various Repayment Plans enhancing Home Loan Eligibility:
 offers various repayment plans for maximizing home loan eligibility to suit diverse needs.

Step Up Repayment Facility (SURF)
SURF offers an option where the repayment schedule is linked to the expected growth in your income. You can avail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.

Flexible Loan Installments Plan (FLIP)
FLIP offers a customized solution to suit your repayment capacity which is likely to alter during the term of the loan. The loan is structured in such a way that the EMI is higher during the initial years and subsequently decreases in proportion to the income.

Tranche Based EMI
If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.

Accelerated Repayment Scheme
This option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income which will result in you repaying the loan much faster.

Telescopic Repayment Option
With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.

Estimate EMIs of your housing loan by using our feature rich EMI calculator, now!

After getting an estimate of EMI using the calculator, you can apply for a home loan online from the comfort of your living room easily with Online Home Loans by .

What is a Pre-Approved Home Loan?
 Pre-Approved Home Loan also offers a facility of a pre-approved home loan even before you have identified your dream home. A pre-approved home loan is an in-principal approval for a loan given on the basis of your income, creditworthiness and financial position. Click here to know more.
 What Does An EMI Mean?
 EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.
 Tax benefits on Home Loan?
 Yes. You are eligible for tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

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