Home Loan EMI Calculator

|
1L
|
50L
|
1Cr
|
1.5Cr
|
2Cr
Years
|
1Y
|
5Y
|
10Y
|
15Y
|
20Y
|
25Y
|
30Y
%
|
5%
|
10%
|
15%
|
20%
|
25%

EMI
18250

Principal Amt. 100000

Interest Payable 18250

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What is Home Loan EMI?

Home Loan EMI is a fixed amount of payment that a borrower pays to a lender on a specified date every month as a repayment for it. A customer can pay the EMI via auto debit facility of the bank or with post dated cheques.


How is Home Loan EMI Calculated?

The EMI is calculated on the basis of following factors namely principal amount, interest rate & loan tenure.

The formula of Home Loan EMI calculation is:
emi-calculation

Here, E stands for EMI, P stands for principal amount & R stands for rate of interest every month & N indicates tenure of the loan . The monthly EMI amount is fixed however, with the passage of time, you will pay less towards interest & more towards principal.