Home Loan Calculator
This Home Loan Calculator helps you estimate your monthly EMI and total repayment amount based on the property price, down payment, interest rate, and loan tenure. Perfect for anyone planning to buy a house and looking to plan their finances better.
How to Use
-> Property Price (₹): Enter the total price of the property.
-> Down Payment (₹): Specify the upfront amount you’ll pay from your own funds.
-> Interest Rate (%): Provide the annual interest rate of the loan.
-> Loan Tenure (in years): Select the duration over which you plan to repay the loan.
Click Calculate to view your loan EMI, total interest, and repayment amount.
Example
If you take a ₹50,00,000 home loan for 20 years at 8% annual interest, your EMI will be around ₹41,822.
You’ll repay ₹1.00 crore in total, with ₹50 lakh as interest.
FAQs
Q1: What is a Home Loan EMI?
EMI stands for Equated Monthly Installment. It is the fixed amount you pay every month to repay your loan. It includes both principal and interest components.
Q2: Can this calculator be used for any type of property purchase?
Yes. This calculator works for residential, commercial, or plot loans — as long as the loan has a fixed interest rate and regular monthly repayments.
Q3: Does this calculator include taxes, stamp duty, or processing fees?
No. The Home Loan EMI calculator only estimates the principal and interest-based EMI. Taxes, insurance, and other charges are excluded.
Q4: How accurate is this EMI calculation?
The EMI shown is based on standard formulas. Your lender might round off figures or add fees that slightly change the actual EMI.
Q5: What if I make a prepayment?
This calculator assumes no prepayments. However, in real life, prepaying reduces your outstanding principal and can lower your interest burden.
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