Calculate Your Home Loan EMI
Rs 5Cr
50%
15%
30 Years
Monthly EMI
Loan Amount
Total Interest
Total Amount Payable
About Home Loan Calculator
A home loan calculator helps you determine the monthly EMI for your home purchase. It considers the home price, down payment, interest rate, and loan tenure to calculate your monthly payments.
Loan Amount = Home Price – Down Payment
EMI = [Loan Amount x R x (1+R)^N] / [(1+R)^N-1]
Where:
R = Monthly interest rate
N = Total number of monthly installments
Key Features
• Down Payment Calculator: See how down payment affects your loan amount
• EMI Breakdown: Understand principal and interest components
• Tenure Options: Compare EMIs for different loan tenures
• Interest Savings: See how higher down payment saves interest
🏠 Tips for Home Loan
• Higher Down Payment: Reduces loan amount and total interest significantly
• Compare Interest Rates: Even 0.5% difference can save lakhs over 20 years
• Check Eligibility: Ensure your EMI doesn’t exceed 40% of monthly income
• Consider Prepayment: Plan for partial prepayments to reduce tenure
Home Loan Eligibility Factors
• Income: Monthly income and employment stability
• Credit Score: CIBIL score of 750+ for best interest rates
• Age: Younger applicants get longer tenure options
• Property Value: Bank’s property valuation affects loan amount
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