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EMI Calculator

  • EMI
EMI Calculator for Home Finance:
Loan Amount :
in Rs.*

Rate of Interest :

in months*

EMI Amount(Result):
in Rs.*
*Conditions Apply

Buying a home is a big milestone in our lives, as it signifies a major form of security for most of us.For most of us, taking a loan is necessary to finance our dream home. So, it is a good idea to understand the basics of making repayment right at the outset.


For instance, an Equated Monthly Installment (EMI) is an amount that you would have to repay the bank or loan agency every month during the tenure of your loan. The following are the criteria that decide the amount of your EMI:


Loan Amount: This is one of the primary factors that contribute to the EMI amount. This is decided based on the value of the home that you choose. A home loan usually covers a large percentage of the value of the house, often 80% or higher, depending on the terms and conditions. You might be eligible for different amounts from different institutions based on their specific criteria.


Rate of Interest: If you choose a floating rate of interest, be aware of the trends in the market as these would direct whether your interest wouldrise or fall during the period of your loan. A fixed rate is safer in some ways but would not give you the benefits of a reduction in interest. Rates may vary with banks and special corporate rates may be on offer, so do check on all these aspects.


Tenure of Loan: Some institutions offer tenures between 12 and 360 months, so you may choose based on your convenience and affordability. You may choose a longer tenure to reduce your financial stress, though this might mean an increase in the total amount of repayment.


If you are wondering how to make sense of all those different pieces of information, a good home loan EMI calculator for India ensures that you can just key in the numbers, and get the approximate EMI amount in a jiffy! Please note that the results provided by the EMI calculator are only an approximate indication and cannot be considered as a promise or an offer in any way. For deals that might be on offer, the best way to get complete details is by getting in touch with the lending institution.