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Home Loan EMI Calculator

Home Loan Amount    Rs.
Interest Rate % Per Annum
Loan Tenure Years
Loan Amount
Rs. 2,000,000
Monthly Instalment (EMI)
Rs. 19,968
Total Interest Amount
Rs. 2,792,223
Total Amount (Principal + Interest)
Rs. 4,792,223
Get Customized Free Home Loan Emi Quote from 10 Banks
Home Loan Emi Quotes as low as 9.95%, Cashback Schemes, Last year Emi waive off Offers. | Minimum Tenure - 6 Months
Professional Details
Required Loan Amount :
Occupation :
Annual Income :
City :
 
Year Principal Interest Balance Amount
1 Rs. 31,083 Rs. 208,533 Rs. 1,968,917
2 Rs. 34,509 Rs. 205,107 Rs. 1,934,408
3 Rs. 38,311 Rs. 201,305 Rs. 1,896,097
4 Rs. 42,537 Rs. 197,079 Rs. 1,853,560
5 Rs. 47,221 Rs. 192,395 Rs. 1,806,339
6 Rs. 52,426 Rs. 187,190 Rs. 1,753,913
7 Rs. 58,203 Rs. 181,413 Rs. 1,695,710
8 Rs. 64,618 Rs. 174,998 Rs. 1,631,092
9 Rs. 71,740 Rs. 167,876 Rs. 1,559,352
10 Rs. 79,644 Rs. 159,972 Rs. 1,479,708
11 Rs. 88,422 Rs. 151,194 Rs. 1,391,286
12 Rs. 98,165 Rs. 141,451 Rs. 1,293,121
13 Rs. 108,983 Rs. 130,633 Rs. 1,184,138
14 Rs. 120,994 Rs. 118,622 Rs. 1,063,144
15 Rs. 134,327 Rs. 105,289 Rs. 928,817
16 Rs. 149,132 Rs. 90,484 Rs. 779,685
17 Rs. 165,567 Rs. 74,049 Rs. 614,118
18 Rs. 183,812 Rs. 55,804 Rs. 430,306
19 Rs. 204,069 Rs. 35,547 Rs. 226,237
20 Rs. 226,407 Rs. 13,056 Rs. 0
Bank Name Interest Rate
Estimated EMI as Per Loan Amount
HDFC LTD 10.15% - 10.40%
Rs. 19,500 - Rs. 19,834
ICICI Bank 10.15% - 10.50%
Rs. 19,632 - Rs. 19,968
SBI 10.30% - 10.50%
Rs. 19,700 - Rs. 19,967
PNB Housing 10.50% - 11.25%
Rs. 19,968 - Rs. 20,985

A customer needs to know how much he has to pay per month for the home loan he has taken is called Home loan emi.

How is Home loan emi calculated?

To calculate exact per month emi, it is based on the loan you have taken and theĀ interestĀ on is calculated and the amount is paid within the decided period ie tenure.
So if you take a 3000000 home loan and the interest is 10.5% for 20 years, your emi will be 29951.So Home loan emi depends upon.
  • 1. Loan amount
  • 2. Tenure
  • 3. Interest rate-Floating or Fixed
How to get my Home loan Emi across Major Banks?
  • 1. Put the rate of interest for all banks in the calculator above
  • 2. Apply and get detailed information.

309 Comments, read them below or add one
  • Praveen      September 30, 2014 12:45 pm
    Hi, I want to take home loan of 60 lacs for 20 years. Me & my wife are eligible for 60 lacs. Which one is the best bank and why as per your understanding?
    Post Reply
    • Loan Expert      October 1, 2014 5:56 pm
      Dear Sir, As per interest rates and Process of Loan all banks are good. Every bank have pros and cons. But overall SBI is better.
      Post Reply
    • Praveen      September 30, 2014 12:41 pm
      I want to purchase a new house in Bangalore and it is 60 lacs. My monthly take home is 80,000. My wife is getting 45000 per month. How much will I get as bank loan for 20 years? I'll repay the entire loan within 10 years. Please help me which bank is best as per your understanding and why?
      Post Reply
      • Loan Expert      October 1, 2014 5:58 pm
        Dear Sir, According to your property you can get Around 48 lac of loan amount for the property of 60 lac, rest 20% paid by you. For Best Bank you can compare - Processing Fees, Pre payment charges, Hidden charges, Interest rates in long term.
        Post Reply
      • Byahattimath C V      September 27, 2014 1:33 pm
        I want to purchase a ready built B Khatha flat cost Rs 15000000 in bangalore. my gross annual income is 950000+If I purched that ready built flat I have getting Rs 500000PA rent.My retirement date is 31/03/2026. how much loan can I get? pl tellme sir.
        Post Reply
        • Loan Expert      September 29, 2014 5:40 pm
          Dear Sir, as per your annual income you are eligible for Just Rs.40 lac for 20 years but your property value is too high.
          Post Reply
        • LATHA      September 26, 2014 5:57 pm
          sir, am a state government employee getting a monthly salary of 40000/- and i would like to construct a house and for that expecting a loan from the bank will i be eligible to get 3000000/- as loan. If the answer is yes how much amount i have to pay to the bank monthly in the head of principal and interest amount
          Post Reply
          • Harish      September 26, 2014 6:50 pm
            Dear Madam, as per your salary you can get Around 20 lac of loan amount, If you want 30 lac of loan you have to add co-applicant for loan than you can get more more loan amount. Interest rates for womens are 10.10% from SBI which is lowest in market
            Post Reply
          • sanjay kpatel      September 25, 2014 9:00 pm
            sir I need home loan, my annual income 360000 per year
            Post Reply
            • Loan Expert      September 26, 2014 12:06 pm
              Mr Sanjay, you can get upto Rs.18 lacs of home loan amount from all major banks like SBI, HDFC, ICICI, Axis, PNB etc Interest rates vary from bank to bank. Thanks
              Post Reply

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