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The Home Extension Loan EMI calculator helps you to understand the EMI that you will pay towards the principal and interest payment over the course of your loan tenure. With the help of home extension loan EMI calculator, you can identify your monthly instalments and can chart out a plan to pay off your home loan.
EMI stands for Equated Monthly Instalments. It is the payment that you make for any home extension loan undertaken for a specified tenure to pay off the loan. You can choose tenure from 12 to 84 months to repay your loan with TATA Capital. Your EMI will include principal and interest component. Though the amount of EMI does not change, the percentage of principal & interest will change month on month. Initially, the interest is higher but gradually the principal payment is more. The exact percentage of principal and interest will depend on the interest rate charged and the tenure for which the loan is taken.
Enter the following information to calculate your EMI:
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