Home Loan Calculator
Calculate EMI, total interest, amortization schedule and more
Home Loan EMI Calculator
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₹1L
₹50L
₹1Cr
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5%
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years
1 yr
15 yrs
30 yrs
Home Loan
For property purchaseLoan Against Property
Using property as collateral
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EMI Calculation Results
Monthly EMI:
₹0
Total Interest Payable:
₹0
Total Payment:
₹0
Loan to Value Ratio:
0%
Amortization Schedule
| Year | Principal Paid | Interest Paid | Monthly EMI | Balance |
|---|
Home Loan Affordability Calculator
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₹
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years
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Affordability Results
Maximum Loan Amount:
₹0
Maximum Property Value:
₹0
Recommended EMI:
₹0
Down Payment Required:
₹0
Based on your income and existing obligations, here's what you can afford.
Compare Loan Options
Loan Option 1
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%
%
Loan Option 2
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%
Loan Comparison Results
| Comparison | Option 1 | Option 2 | Difference |
|---|---|---|---|
| Monthly EMI | ₹0 | ₹0 | ₹0 |
| Total Interest | ₹0 | ₹0 | ₹0 |
| Processing Fee | ₹0 | ₹0 | ₹0 |
| Total Payment | ₹0 | ₹0 | ₹0 |
Based on the comparison, Option 2 is more economical.
Loan Information
EMI (Equated Monthly Installment)
EMI is the fixed amount paid by a borrower to a lender at a specified date each month. EMIs are used to pay off both interest and principal each month so that over a specified time period, the loan is fully paid off.
EMI Formula:
EMI = [P × r × (1+r)^n] / [(1+r)^n - 1]
- P = Principal loan amount
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Loan tenure in months
Home Loan Components
- Principal: The amount borrowed from the lender
- Interest: The cost of borrowing the principal amount
- Tenure: The time period over which the loan is repaid
- EMI: The fixed monthly payment that includes both principal and interest
Home Loan Tips
- Maintain a good credit score for better interest rates
- Compare multiple lenders before finalizing
- Consider making prepayments to reduce overall interest
- Keep your EMI to income ratio below 40%
- Be aware of hidden charges and processing fees