Online Home Loan EMI Calculator is tool used to calculate ✔ Monthly EMI ✔ EMI Per Lakh ✔ Lowest EMI ✔ Saving on EMIs.
Home loan emi calculator is simple and easy tool to use. Just you need to enter 3 main components to calculate your home loan EMIs- loan amount, tenure and interest rate. Home loan EMI calculator will give an approximate figure for the total monthly installment payments.
Table of Contents
Home Loan EMI Calculator
Use EMI Calculator to calculate emi’s for your home loan depends on loan amount, interest rate and tenure. EMI calculator for home loan provides an idea about monthly emi to repay home loan.
|Loan Amount||Interest Rates||EMI For 10 Years||EMI For 20 Years||EMI For 30 Years|
|5 lakh||8.85%||Rs. 6,293||Rs. 4,451||Rs. 3,969|
|6 lakh||8.85%||Rs. 7,552||Rs. 5,341||Rs. 4,763|
|7 lakh||8.85%||Rs. 8,811||Rs. 6,231||Rs. 5,557|
|8 lakh||8.85%||Rs. 10,069||Rs. 7,121||Rs. 6,351|
|9 lakh||8.85%||Rs. 11,328||Rs. 8,011||Rs. 7,145|
|10 lakh||8.85%||Rs. 12,587||Rs. 8,901||Rs. 7,939|
|11 lakh||8.85%||Rs. 13,845||Rs. 9,791||Rs. 8,732|
|12 lakh||8.85%||Rs. 15,104||Rs. 10,681||Rs. 9,526|
|13 lakh||8.85%||Rs. 16,363||Rs. 11,571||Rs. 10,320|
|14 lakh||8.85%||Rs. 17,621||Rs. 12,461||Rs. 11,114|
|15 lakh||8.85%||Rs. 18,880||Rs. 13,352||Rs. 11,908|
|16 lakh||8.85%||Rs. 20,138||Rs. 14,242||Rs. 12,702|
|17 lakh||8.85%||Rs. 21,397||Rs. 15,132||Rs. 13,496|
|18 lakh||8.85%||Rs. 22,656||Rs. 16,022||Rs. 14,289|
|19 lakh||8.85%||Rs. 23,914||Rs. 16,912||Rs. 15,083|
|20 lakh||8.85%||Rs. 25,173||Rs. 17,802||Rs. 15,877|
|21 lakh||8.85%||Rs. 26,432||Rs. 18,692||Rs. 16,671|
|22 lakh||8.85%||Rs. 27,690||Rs. 19,582||Rs. 17,465|
|23 lakh||8.85%||Rs. 28,949||Rs. 20,472||Rs. 18,259|
|24 lakh||8.85%||Rs. 30,208||Rs. 21,362||Rs. 19,052|
|25 lakh||8.85%||Rs. 31,466||Rs. 22,253||Rs. 19,846|
|26 lakh||8.85%||Rs. 32,725||Rs. 23,143||Rs. 20,640|
|27 lakh||8.85%||Rs. 33,984||Rs. 24,033||Rs. 21,434|
|28 lakh||8.85%||Rs. 35,242||Rs. 24,923||Rs. 22,228|
|29 lakh||8.85%||Rs. 36,501||Rs. 25,813||Rs. 23,022|
|30 lakh||8.85%||Rs. 37,760||Rs. 26,703||Rs. 23,816|
Home Loan EMI Calculator Helps You In Saving Money
|Loan Amount||EMI @ 8.85%||Tenure in Years||Total Amount To Be Paid||Total Interest Amount|
|2000000||Rs. 15,877||30||Rs. 57,15,745||Rs. 37,15,745|
|2000000||Rs. 16,579||25||Rs. 49,73,691||Rs. 29,73,691|
|2000000||Rs. 17,802||20||Rs. 42,72,487||Rs. 22,72,487|
|2000000||Rs. 20,107||15||Rs. 36,19,307||Rs. 16,19,307|
|2000000||Rs. 25,173||10||Rs. 30,20,770||Rs. 10,20,770|
|2000000||Rs. 41,371||5||Rs. 24,82,276||Rs. 4,82,276|
|You Can Save||If you choose repayment of 25 years instead of 30 years then you can save approx. Rs. 7,42,054 by paying Rs. 702 approx. extra emi per month|
What Is EMI
EMI stands for Equated Monthly Installment. EMI is a fixed amount made by a borrower to a lender at a specified date. Equated monthly installments are used to pay off both interest and principal to repay the loan amount.
Home Loan EMI Formula-
Equated Monthly Installment (EMI) = P x r x (1+r)^n/((1+r)^n -1)
P : Principal or loan amount.
r : Rate of interest per month.
n : Loan tenure in months.