Need a more accurate EMI estimate?
Planning to take a home loan from Sundaram Home Finance Limited (HFL)? Use our intelligent Sundaram HFL EMI Calculator to estimate your monthly EMIs, total interest payable, and total repayment amount—quickly and accurately. Whether you are a first-time homebuyer or looking to refinance your property, this tool empowers you to plan your finances with confidence.
The Sundaram Home Finance EMI Calculator on Suganta.com offers multiple advantages for home loan seekers. It’s designed to help you make well-informed decisions about your finances before committing to a home loan.
The EMI (Equated Monthly Installment) for a home loan is calculated using the standard formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
Example EMI Calculation
Let’s assume:
Monthly Interest Rate (r) = 9 ÷ 12 ÷ 100 = 0.0075
Total EMIs (n) = 60
EMI=10,00,000×0.0075×(1+0.0075)60(1+0.0075)60−1EMI = \frac{10,00,000 \times 0.0075 \times (1 + 0.0075)^{60}}{(1 + 0.0075)^{60} - 1}EMI=(1+0.0075)60−110,00,000×0.0075×(1+0.0075)60
Below is the amortization schedule for the above example (₹10 Lakhs @ 9% p.a. for 5 years):
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