Use this simple EMI calculator to estimate the EMI you will have to pay for your home loan. (one liner at the top)
EMI (Equated Monthly Installment), is the fixed amount you need to pay every month in order to clear your home loan and interest. This is calculated at the time of borrowing and usually extends over the period of a few years.
This EMI calculator will help you estimate the amount you will have to pay every month so that you can make an informed decision while purchasing your new home. Based on your home loan amount, loan tenure, and interest rate, this tool will give you a nearly-accurate estimate of your monthly EMI.
You can also get an idea of the ratio of the principal amount to the interest due, using this calculator. This ratio will change over time and the amount you pay towards interest will decrease with each successive payment, while your EMI amount remains the same every month.
We would like to remind you that this EMI calculator is only designed to give you an estimate of your monthly installment. Please note that this is subject to change.