home
Focused home search
Home Loan for
Government Employees
Buy your dream home with one of the special schemes for government employees. View now and apply online.
Check Your Credit Score →Is Property Finalized?
When are you planning to finalize?
Offers and Benefits
Better price negotiation
Get the best deal from property seller
description
Easy approval
With minimum documentation
Quick disbursal
Hassle-free home buying journey
Home Loan Calculator
All you need to know about your home loan
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
Home Loan Eligibility Calculator
You are Eligible for Amount
₹ 40.47 Lac
Monthly EMI
₹ 16,865
Why for Home Loan?
Offers from 34+ Banks
Lowest Interest Rate
Highest Loan Value
SuGanta
How much will I save on balance transfer?
Current Loan
Twenty Five Lac Only
%
New Loan
%
You will lose interest of
₹ 0
EMI Tenure will be increased by 0 Months
Current Interest
₹ 0
New Interest
₹ 0
Current EMI Tenure
0 Years
New EMI Tenure
0 Years
Outstanding Principal
₹ 0
EMI
₹ 0
How much will I save on early repayment?
How much will I save on early repayment?
You will save Interest of
₹ 0
EMI Tenure will be reduced by 0 Months
Current Interest
₹ 0
New Interest
₹ 0
Current EMI Tenure
0 Years
New EMI Tenure
0 Years 0 Months
Outstanding Principal ₹ 0
EMI ₹ 0
How will a rate change impact me?
If you keep the Tenure same
You will save
₹0
Current EMI: ₹0
New EMI: ₹0
If you keep your EMI the same
You will save
₹0
Current Tenure: 0 Years
New Tenure: 0 Months
SuGanta
What will be my monthly loan repayment?
One Lac Only
%
Results:
Principal Paid
₹ 0
Interest Paid
₹ 0
Principal Outstanding
₹ 0
Interest Outstanding
₹ 0
Last Installment
0
EMI
₹ 0
Home Loan EMI Calculator
An EMI Calculator or Equated Monthly Installment Calculator is a tool which calculates your monthly EMI payments for a Home Loan within a few seconds.
To use the Home Loan EMI Calculator, all you need to do is enter the variables like principal amount, interest rate, tenure, etc. in the calculator and it will give you the EMI amount instantly.
It is a free tool available on Magicbricks 24 X 7. You can use the EMI Calculator to make an informed decision by comparing various loan EMIs before you finalize a Home Loan.
How to Calculate Home Loan EMI Using the Formula?
The classic way of calculating the EMI is by using the formula stated below:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
The variables used here stand for:
- EMI - Equated Monthly Installments
- P - Principal Amount of the Loan
- R - Rate of Interest on the Loan (monthly)
- T - Tenure of the Loan or the no. of installments to be paid (monthly)
Let’s take an example to understand this clearly. For instance, you have taken a Home Loan of Rs 2 Lakh which is to be paid in 2 years at an interest rate of 20% per annum.
First, convert the yearly interest rate into months. We can obtain the monthly interest rate by dividing the yearly interest rate by the number of months in a year i.e. 12. So, monthly interest will be 20/12 = 1.66%.
Now, put all the variables in the formula:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
EMI = [2,00,000 x 1.66/100 x 24] / [(1+1.66/100)^24 - 1]
EMI = Rs. 10,179
Home Loan EMI Calculator
An EMI Calculator or Equated Monthly Installment Calculator is a tool which calculates your monthly EMI payments for a Home Loan within a few seconds.
To use the Home Loan EMI Calculator, all you need to do is enter the variables like principal amount, interest rate, tenure, etc. in the calculator and it will give you the EMI amount instantly.
It is a free tool available on Magicbricks 24 X 7. You can use the EMI Calculator to make an informed decision by comparing various loan EMIs before you finalize a Home Loan.
How to Calculate Home Loan EMI Using the Formula?
The classic way of calculating the EMI is by using the formula stated below:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
The variables used here stand for:
- EMI - Equated Monthly Installments
- P - Principal Amount of the Loan
- R - Rate of Interest on the Loan (monthly)
- T - Tenure of the Loan or the no. of installments to be paid (monthly)
Let’s take an example to understand this clearly. For instance, you have taken a Home Loan of Rs 2 Lakh which is to be paid in 2 years at an interest rate of 20% per annum.
First, convert the yearly interest rate into months. We can obtain the monthly interest rate by dividing the yearly interest rate by the number of months in a year i.e. 12. So, monthly interest will be 20/12 = 1.66%.
Now, put all the variables in the formula:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
EMI = [2,00,000 x 1.66/100 x 24] / [(1+1.66/100)^24 - 1]
EMI = Rs. 10,179
Home Loan EMI Calculator
An EMI Calculator or Equated Monthly Installment Calculator is a tool which calculates your monthly EMI payments for a Home Loan within a few seconds.
To use the Home Loan EMI Calculator, all you need to do is enter the variables like principal amount, interest rate, tenure, etc. in the calculator and it will give you the EMI amount instantly.
It is a free tool available on Magicbricks 24 X 7. You can use the EMI Calculator to make an informed decision by comparing various loan EMIs before you finalize a Home Loan.
How to Calculate Home Loan EMI Using the Formula?
The classic way of calculating the EMI is by using the formula stated below:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
The variables used here stand for:
- EMI - Equated Monthly Installments
- P - Principal Amount of the Loan
- R - Rate of Interest on the Loan (monthly)
- T - Tenure of the Loan or the no. of installments to be paid (monthly)
Let’s take an example to understand this clearly. For instance, you have taken a Home Loan of Rs 2 Lakh which is to be paid in 2 years at an interest rate of 20% per annum.
First, convert the yearly interest rate into months. We can obtain the monthly interest rate by dividing the yearly interest rate by the number of months in a year i.e. 12. So, monthly interest will be 20/12 = 1.66%.
Now, put all the variables in the formula:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
EMI = [2,00,000 x 1.66/100 x 24] / [(1+1.66/100)^24 - 1]
EMI = Rs. 10,179
Home Loan EMI Calculator
An EMI Calculator or Equated Monthly Installment Calculator is a tool which calculates your monthly EMI payments for a Home Loan within a few seconds.
To use the Home Loan EMI Calculator, all you need to do is enter the variables like principal amount, interest rate, tenure, etc. in the calculator and it will give you the EMI amount instantly.
It is a free tool available on Magicbricks 24 X 7. You can use the EMI Calculator to make an informed decision by comparing various loan EMIs before you finalize a Home Loan.
How to Calculate Home Loan EMI Using the Formula?
The classic way of calculating the EMI is by using the formula stated below:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
The variables used here stand for:
- EMI - Equated Monthly Installments
- P - Principal Amount of the Loan
- R - Rate of Interest on the Loan (monthly)
- T - Tenure of the Loan or the no. of installments to be paid (monthly)
Let’s take an example to understand this clearly. For instance, you have taken a Home Loan of Rs 2 Lakh which is to be paid in 2 years at an interest rate of 20% per annum.
First, convert the yearly interest rate into months. We can obtain the monthly interest rate by dividing the yearly interest rate by the number of months in a year i.e. 12. So, monthly interest will be 20/12 = 1.66%.
Now, put all the variables in the formula:
EMI = [P x R x (1+R)^T] / [(1+R)^T - 1]
EMI = [2,00,000 x 1.66/100 x 24] / [(1+1.66/100)^24 - 1]
EMI = Rs. 10,179
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.
Contact Us
Have any queries? We’d love to hear from you.
📞 Call us: +91 782 769 4613
✉️ Mail us: homeloan@suganta.com
Our Services
Buy
Rent
© Copyright 2024 Suganta International Services llp. ( India's Properties Marketplace )
