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Home Loan EMI Calculator
You are Eligible for EMI Amount
₹56,409
Principal
Amount
₹65,00,000
Interest
Amount
₹29,53,299
Why SuGanta for Home Loan?
- Offers from 34+ Banks
- Lowest Interest Rate
- Highest Loan Value
8,000,000₹
8.5 p.a
20 years
You are Eligible for EMI Amount
0Principal 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?
You are Eligible for Amount
₹36,00,000.00Monthly EMI
₹31,241.64Why Suganta for Home Loan?
- Offers from 34+ Banks
- Lowest Interest Rate
- Highest Loan Value
How much will I save on balance transfer?
Current Loan
Loan Amount
Tenure
Rate of Interest
Installments paid
Eg. 40
New Loan
Processing Fees
Tenure
Rate of Interest
You will save interest of
₹--
EMI Tenure
will be
increased by 40 Months
Current Interest
₹--
New Interest
₹--
Current EMI Tenure
-- Years
New EMI Tenure
-- Years
Outstanding Principal
₹--
EMI
₹--
How much will I save on early repayment?
Loan Amount
Installments Paid
Outstanding Tenure
Current Interest Rate %
Choose your Amount
You will save
Interest of
₹--
Current Interest
₹--
New Interest
₹--
Current EMI Tenure
₹--
New EMI Tenure
₹--
How will a rate change impact me?
Loan Amount
Tenure
Rate of Interest
Loan taken on
New Rate of Interest
Rate of Interest changes on
If you keep the Tenure same
You will lose
₹--
Current EMI
₹--
New EMI
₹--
If you keep your EMI same
You will lose
₹--
Current Tenure
Year
New Tenure
Year
What will be my monthly loan repayment?
Loan Amount
Tenure
Rate of Interest
Installments Paid
Principal Paid
₹--
Principal
Outstanding
₹--
Interest Paid
₹--
Interest
Outstanding
₹--
Last Installment
--
EMI
₹--
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 SuGanta.com 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 SuGanta.com 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 SuGanta.com 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 SuGanta.com 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.
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📞 Call us: +91 782 769 4613
✉️ Mail us: homeloan@suganta.com
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