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Magma HFL 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
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8,000,000₹
8.5 p.a
20 years

You are Eligible for EMI Amount

0
Principal Amount
0
Interest Amount
7,038,042
Why Suganta for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value

Need a more accurate EMI estimate?

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Your Repayment Details


    Magma Housing Finance Home Loan EMI Calculator – SuGanta

    Embarking on the journey of homeownership requires meticulous financial planning. The Magma Housing Finance Home Loan EMI Calculator on SuGanta.com empowers you to accurately estimate your monthly loan repayments, facilitating informed and confident financial decisions.

    Why Use the Magma Housing Finance EMI Calculator?

    • Accurate EMI Computation: Input your desired loan amount, interest rate, and tenure to receive precise monthly installment figures, aiding in effective budgeting.

    • User-Friendly Interface: Designed for ease of use, the calculator ensures a seamless experience for all users, regardless of financial expertise.

    • Instant Results: Obtain immediate calculations, allowing you to explore various loan scenarios and select the most suitable option.

    Magma Housing Finance Home Loan Details

    • Interest Rates: As of April 2025, Magma Housing Finance offers home loan interest rates ranging from 8.50% to 16.00% per annum, depending on the applicant's credit profile and loan specifics.

    • Processing Fees: A nominal fee is applicable; detailed information can be obtained from the official Magma Housing Finance website.

    • Loan Tenure: Flexible repayment periods extending up to 20 years, accommodating diverse financial plans.

    Sample EMI Calculation

    For a home loan of ₹65,00,000 with an interest rate of 9.00% per annum over a tenure of 20 years:

    • Monthly EMI: Approximately ₹58,495.
    • Total Interest Payable: Approximately ₹75,38,800.

    Note: These figures are indicative. For precise calculations tailored to your loan specifics, use the Magma Housing Finance Home Loan EMI Calculator on SuGanta.com

    How to Use the Magma Housing Finance Home Loan EMI Calculator

    • Enter Loan Amount: Specify the desired loan amount.
    • Select Loan Tenure: Choose the preferred repayment period.
    • Input Interest Rate: Enter the applicable interest rate.
    • Calculate EMI: To see the approximate monthly payment, click "Calculate Your EMI."

    Benefits of Using the EMI Calculator

    • Financial Planning: Gain a clear understanding of your monthly obligations, aiding in effective budgeting.
    • Loan Comparison Evaluate different loan scenarios by adjusting variables, assisting in selecting the most suitable loan option.
    • Time-Saving: Eliminates the need for manual calculations, providing swift and reliable results.

    Why Choose Magma Housing Finance Home Loans?

    • Competitive Interest Rates: Starting from 8.50% per annum, making home loans more affordable.
    • Flexible Tenure Options: Repayment periods extend up to 20 years, providing flexibility to borrowers.
    • High Loan Amounts: Depending on eligibility, borrowers can avail substantial loan amounts to finance their dream homes.

    Magma Housing Finance 10-Year Home Loan EMI Breakdown – ₹65 Lakhs @ 9% Interest

    Year Beginning Loan Balance (₹) EMI * 12 (₹) Interest Paid Yearly (₹) Principal Paid Yearly (₹) Outstanding Balance (₹)
    1 65,00,000 9,87,504 5,85,000 4,02,504 60,97,496
    2 60,97,496 9,87,504 5,48,775 4,38,729 56,58,767
    3 56,58,767 9,87,504 5,09,289 4,78,215 51,80,552
    4 51,80,552 9,87,504 4,66,250 5,21,254 46,59,298
    5 46,59,298 9,87,504 4,19,337 5,68,167 40,91,131
    6 40,91,131 9,87,504 3,68,202 6,19,302 34,71,829
    7 34,71,829 9,87,504 3,12,465 6,75,039 27,96,790
    8 27,96,790 9,87,504 2,51,711 7,35,793 20,60,997
    9 20,60,997 9,87,504 1,85,490 8,01,914 12,59,083
    10 12,59,083 9,87,504 1,13,317 8,74,187 0

    The Magma Housing Finance Home Loan EMI Calculator is an essential tool for borrowers, providing accurate EMI estimates. It simplifies financial planning, helping users choose manageable repayment terms for a stress-free homeownership journey.

    Loan Details:

    • Loan Amount: ₹65,00,000
    • Interest Rate: 9.00% per annum (fixed)
    • Tenure: 10 years
    • High Loan Amounts: Depending on eligibility, borrowers can avail substantial loan amounts to finance their dream homes.
    • Monthly EMI: ₹82,292
    • Annual EMI: ₹9,87,504
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    Frequently Asked Questions

    +
    The Magma HFL Home Loan EMI Calculator is an online tool that helps users calculate their monthly loan repayment amount. By entering details like loan amount, interest rate, and tenure, users can estimate their Equated Monthly Installments (EMIs) for better financial planning.
    +
    Yes, it allows you to compare EMIs for different loan amounts, tenures, and interest rates. This helps in choosing the most suitable loan option based on your financial capacity.
    +
    The calculator provides highly accurate results based on the data entered. However, the actual EMI may vary slightly depending on additional charges like processing fees or changes in interest rates.
    +
    Yes, the Magma HFL Home Loan EMI Calculator is a free tool available on the website. Users can access it anytime to plan their home loan efficiently.
    +
    The main benefits include:
    • Quick and accurate EMI calculations
    • Financial planning based on loan affordability
    • Easy comparison of loan options
    • Saves time by eliminating manual calculations
    +
    No, the EMI calculated typically includes only the principal and interest components. Other charges, such as insurance premiums, processing fees, or GST, may be additional.

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