How is Home loan emi calculated?
To calculate exact per month emi, it is based on the loan you have taken and the interest 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 9.50% for 20 years, your emi will be Rs. 27,964. So Home loan emi depends upon.
- 1. Loan amount
- 2. Tenure
- 3. Interest rate-Floating or Fixed
- 1. Put the rate of interest for all banks in the calculator above
- 2. Apply and get detailed information.