L&T HFL Home Loan EMI Calculator

You are Eligible for EMI Amount
56,409
Principal Amount
6,500,000
Interest Amount
7,038,042
Why Suganta for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value
₹8,000,000
8.5%
20 p.a

You are Eligible for EMI Amount

₹69,426
Principal Amount
₹8,000,000
Interest Amount
₹8,662,206
Why Suganta for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value

Need a more accurate EMI estimate?

Your Repayment Details

Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balances
January 650000 5620 1043 4577 648957
February 648957 5620 1051 4570 647906
March 647906 5620 1058 4562 646848
April 646848 5620 1065 4555 645783
May 645783 5620 1073 4547 644710
June 644710 5620 1080 4540 643629
July 643629 5620 1088 4532 642541
August 642541 5620 1096 4525 641446
September 641446 5620 1103 4517 640342
October 640342 5620 1111 4509 639231
November 639231 5620 1119 4501 638112
December 638112 5620 1127 4493 636985
Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balances
January 6525000 5620 1654773 4452 648957
February 648957 5620 1051 46540 647906
March 647906 5620 1058 4656 646848
April 646848 5620 15555 4555 645783
May 645783 56550 1073 4547 644710
June 644710 5620 10330 4540 643629
July 643629 563430 1088 4532 642541
August 642541 5620 1046 4525 641446
September 6341446 5620 1103 4517 640342
October 644342 5620 1111 4509 639231
November 639231 5620 1119 4501 638112
December 638112 5620 1127 4493 636985

L&T HFL Home Loan EMI Calculator

L&T Housing Finance Limited (HFL) offers competitive and flexible home loan solutions tailored to meet diverse housing needs. Whether you’re buying a new home, constructing, or renovating, the L&T HFL Home Loan provides attractive interest rates, hassle-free processing, and customized loan tenures to make homeownership accessible. With options for affordable EMIs, flexible repayment plans, and dedicated customer support, L&T HFL ensures a seamless experience. Use the L&T HFL Home Loan EMI Calculator to plan your monthly outflows and take confident steps toward owning your dream home. Choose L&T HFL for reliable, transparent, and customer-centric home financing.

Benefits of L&T HFL Home Loan Calculator

The L&T HFL Home Loan Calculator offers several advantages to prospective borrowers:

  • Accurate EMI Computation: By inputting your loan amount, tenure, and interest rate, the calculator provides precise Equated Monthly Installment (EMI) figures, aiding in effective financial planning.
  • Time Efficiency: This user-friendly tool delivers instant results, eliminating the need for manual calculations and saving valuable time.
  • Financial Planning: Understanding your EMI obligations helps in budgeting and ensures timely repayments, maintaining a healthy credit profile.
  • Loan Comparison: The calculator allows you to assess different loan scenarios by adjusting variables, enabling you to choose the most suitable loan option.
  • Prepayment Assessment: It assists in evaluating the impact of prepayments on your loan tenure and interest savings, facilitating informed decisions.

Utilizing the L&T HFL Home Loan Calculator empowers you to make well-informed decisions regarding your home financing needs.

Get Exclusive Home Loan Offers Here!
  • Axis Bank
    RECOMMENDED
    Loan Amount
    65,00,000
    ROI
    8.5%
    Tenure
    30 yr
    EMI
    61,536
    Enquire Now
  • Axis Bank
    RECOMMENDED
    Loan Amount
    71,50,000
    ROI
    8.5%
    Tenure
    30 yr
    EMI
    67,690
    Enquire Now
  • Axis Bank
    RECOMMENDED
    Loan Amount
    80,00,000
    ROI
    8.5%
    Tenure
    30 yr
    EMI
    17,603
    Enquire Now
  • Axis Bank
    RECOMMENDED
    Loan Amount
    80,00,000
    ROI
    8.45%
    Tenure
    30 yr
    EMI
    17,603
    Enquire Now
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How To Use SuGanta Home Loan EMI Calculator

Calculating your home loan EMI is straightforward with SuGanta's Home Loan EMI Calculator. Follow these steps:

Access the Calculator : Visit the Home Loan EMI Calculator
Enter Loan Amount : Input the desired loan amount you plan to borrow.
Specify Loan Tenure Select the loan tenure in years.
Input Interest Rate : Enter the applicable interest rate for the loan.
Calculate EMI : Click on the "Calculate Your EMI" button to view your monthly installment.

Home Loan EMI Calculation Formula

If you want to cross-check the EMI amount then use the following standardized formula:

E = P.r. (1+r)^n/([(1+r)^n]-1)

Here, P = Principal or Loan amount
E = applicable future EMI
r = Interest rate applicable
n = Number of EMIs or applicable tenure

For example, if any borrower avails a loan of 70 lakh for a 25-year tenure at a 8.65% p.a. rate of interest, the applicable EMI will be –

E = 70,00,000 × .0072083(1+.0072083)^300/([(1+.0072083)^300]-1)

EMI=₹57,075.23 per month.

Amortization Schedule for L&T Housing Finance Limited (HFL) Home Loan

An amortization schedule for an L&T Housing Finance Limited (HFL) home loan provides a detailed breakdown of each Equated Monthly Installment (EMI), illustrating how each payment is divided between principal repayment and interest over the loan tenure. This schedule aids borrowers in understanding the progression of their loan repayment and the reduction of the outstanding balance over time.

Illustrative Example

Consider a home loan of ₹70 lakh with a tenure of 25 years at an interest rate of 8.65% per annum.

Year Month EMI (₹) Principal (₹) Interest (₹) Outstanding Balance (₹)
1 57,075 6,158 50,917 69,93,842
2 57,075 6,193 50,882 69,87,649

L&T HFL offers flexible home loan solutions with competitive rates, helping you achieve homeownership effortlessly. With tailored repayment options and transparent terms, L&T HFL ensures a seamless and reliable financing experience.

 

Home Loan FAQs

+
EMI stands for Equated Monthly Installment. It's the amount you pay each month to repay your home loan, which includes a part of the principal amount and the interest.
+
Home loan EMI is calculated using the formula: EMI = P * r * (1+r)^n / ((1+r)^n - 1), where P is the principal amount, r is the monthly interest rate, and n is the total number of months.
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The main factors that affect your home loan EMI are the loan amount, interest rate, and loan tenure. A higher loan amount or interest rate will increase your EMI, while a longer tenure will decrease it.
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Yes, most lenders allow prepayment of home loans. However, there might be certain terms and conditions, including prepayment charges. It's best to check with your lender for specific details.

Contact Us

Have any queries? We’d love to hear from you.

📞 Call us: +91 782 769 4613

✉️ Mail us: homeloan@suganta.com