Piramal Capital & Housing Finance Home Loan EMI Calculator

You are Eligible for EMI Amount

₹ 56,409

Principal Amount

₹ 65,00,000

Interest Amount

₹ 70,38,043

Why for Home Loan?
Offers from 34+ Banks
Lowest Interest Rate
Highest Loan Value

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

Piramal Capital & Housing Finance Home Loan EMI Calculator

Explore the benefits of financial planning with Piramal Capital & Housing Finance's Home Loan EMI Calculator. This easy-to-use tool helps borrowers make smart choices about their home loans. By entering key details like loan amount, interest rate, and term, you can quickly figure out your monthly EMI (Equated Monthly Installment). Our smart EMI calculator shows you how different loan factors impact your repayment plan, helping you pick the best home loan option. For first-time buyers or those looking to refinance, Piramal Capital & Housing Finance's EMI calculator is a vital tool for managing your mortgage well. Plan your dream home purchase confidently using our precise and dependable home loan EMI calculator today.

Benefits of Piramal Capital & Housing Finance Home Loan EMI Calculator

  • Easy financial planning: Quickly estimate your monthly loan payments, helping you budget effectively.
  • Time-saving: Get instant results without complex manual calculations.
  • Customizable inputs: Adjust loan amount, interest rate, and tenure to explore different scenarios.
  • Informed decision-making: Compare various loan options to choose the best one for your financial situation.
  • Transparency: Understand the breakdown of your EMI into principal and interest components.
  • Accessibility: Use the calculator anytime, anywhere, for free.
  • Accuracy: Rely on precise calculations for better financial forecasting.
  • Loan affordability assessment: Determine how much you can borrow based on your repayment capacity.
  • Interest savings analysis: See how changes in loan parameters can affect total interest paid over the loan term.

Get Exclusive Home Loan Offers Here!

  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
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How to Calculate Home Loan EMI

Calculating your home loan EMI doesn’t have to be stressful. SuGanta.com offers a free, easy-to-use EMI Calculator to help prospective borrowers understand their monthly payments instantly. Simply input your loan amount, interest rate, and loan tenure, and the SuGanta EMI Calculator will provide an accurate breakdown of your future EMI payments. This tool not only saves time but also allows you to explore various loan schemes, enabling you to make informed financial decisions for your home financing needs. Use SuGanta.com’s EMI Calculator today to simplify your home loan planning.

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:

  1. 1.Access the Calculator: Visit the SuGanta Home Loan EMI Calculator.
  2. 2.Enter Loan Amount: Input the desired loan amount you plan to borrow.
  3. 3.Specify Loan Tenure: Select the loan tenure in years.
  4. 4.Input Interest Rate: Enter the applicable interest rate for the loan.
  5. 5.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 35 lakh for a tenure of 10 years at a 9.50% rate of interest, the applicable EMI will be –

E = 35,00,000 × 0.007917 × (1 + 0.007917)^120 / ((1 + 0.007917)^120 - 1)

EMI = Rs. 45,289 per month

Home Loan Amortization Schedule for Piramal Capital & Housing Finance

A Home Loan Amortization Schedule from Piramal Capital & Housing Finance provides a detailed breakdown of each monthly EMI, showing how it splits into principal and interest over the loan tenure. This schedule helps borrowers understand how their loan balance reduces with each payment, offering clarity on the repayment process. In the initial months, a larger portion of the EMI goes toward interest, while later payments contribute more to the principal. By tracking this amortization schedule, Piramal home loan customers can plan prepayments effectively, reduce interest costs, and better manage their financial commitments.

Example of a Home Loan Amortization Schedule

For instance, if a borrower takes a home loan of ₹35 lakh from Piramal Capital & Housing Finance with a 10-year tenure at a 9.5% interest rate, the amortization schedule for the initial months may look like this:

Month EMI (₹) Principal Payment (₹) Interest Payment (₹) Remaining Balance (₹)
1 45,289 17,568 27,721 34,82,432
2 45,289 17,704 27,585 34,64,728
3 45,289 17,841 27,448 34,46,887
4 45,289 17,978 27,311 34,28,909
5 45,289 18,116 27,173 34,10,793
120 45,289 45,062 227 0

This amortization schedule provides an essential view of how the loan repayment progresses over time, helping borrowers make informed financial decisions and potentially reduce their loan burden through strategic prepayments.

 

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.
+
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.
+
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.

Types of Home Loans We Offer

1. Fixed-Rate Mortgages

Enjoy the stability of consistent monthly payments throughout your loan term.

2. Adjustable-Rate Mortgages (ARMs)

Take advantage of lower initial rates with the flexibility to adjust over time.

3. FHA Loans

Government-backed loans with lower down payment requirements, perfect for first-time buyers.

4. VA Loans

Exclusive loans for veterans and active-duty military personnel with favorable terms.

Contact Us

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

📞 Call us: +91 782 769 4613

✉️ Mail us: homeloan@suganta.com