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Home Loan EMI Calculator India, Housing Home Loan EMI Calculator Online 2017

(Updated on 03.08.17) Home Loan EMI Calculator August 2017 – Getting a home loan is easy, but there are some factors that an individual should keep in mind before applying for a home loan such as loan eligibility criteria, interest rates on home loan and the most important thing is the monthly EMI. A home loan repayment totally depends on the EMI, which you have to pay every month but it’s difficult for an individual to calculate the home loan EMI on his own. Here at loansninsurances.com we have arranged everything related to home loan EMI. With the help of our EMI calculator, one can easily calculate his home loan EMI.

Home Loan EMI Calculator

Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

If Your home loan amount is Rs 20,00,000 and rate of interest is 8.35% p.a for a tenure of 20 years then your monthly EMI will be:

Loan Amount Rs. 20,00,000
Monthly Installments (EMI) Rs. 17.167
Total Interest Amount Rs. 21,20,094
Total Amount (Principal + Interest) Rs. 41,20,094

Year

Principal

Interest

Balance Amount

1

Rs. 40,533

Rs. 165,471

Rs. 1,959,467

2

Rs. 44,049

Rs. 161,955

Rs. 1,915,418

3

Rs. 47,872

Rs. 158,132

Rs. 1,867,546

4

Rs. 52,025

Rs. 153,979

Rs. 1,815,521

5

Rs. 56,541

Rs. 149,463

Rs. 1,758,980

6

Rs. 61,445

Rs. 144,559

Rs. 1,697,535

7

Rs. 66,776

Rs. 139,228

Rs. 1,630,759

8

Rs. 72,572

Rs. 133,432

Rs. 1,558,187

9

Rs. 78,870

Rs. 127,134

Rs. 1,479,317

10

Rs. 85,710

Rs. 120,294

Rs. 1,393,607

11

Rs. 93,149

Rs. 112,855

Rs. 1,300,458

12

Rs. 101,231

Rs. 104,773

Rs. 1,199,227

13

Rs. 110,018

Rs. 95,986

Rs. 1,089,209

14

Rs. 119,562

Rs. 86,442

Rs. 969,647

15

Rs. 129,936

Rs. 76,068

Rs. 839,711

16

Rs. 141,212

Rs. 64,792

Rs. 698,499

17

Rs. 153,464

Rs. 52,540

Rs. 545,035

18

Rs. 166,782

Rs. 39,222

Rs. 378,253

19

Rs. 181,253

Rs. 24,751

Rs. 197,000

20

Rs. 197,119

Rs. 9,027

Rs. 0

If you avail a home loan of Rs 20,00,000 and the rate of interest is 8.50% p.a for a tenure of 20 years then your monthly EMI will be:

Loan Amount Rs. 20,00,000
Monthly Installments (EMI) Rs. 17.356
Total Interest Amount Rs. 21,65,552
Total Amount (Principal + Interest) Rs. 41,65,552

Year

Principal

Interest

Balance Amount

1

Rs. 39,801

Rs. 168,471

Rs. 1,960,199

2

Rs. 43,318

Rs. 164,954

Rs. 1,916,881

3

Rs. 47,146

Rs. 161,126

Rs. 1,869,735

4

Rs. 51,314

Rs. 156,958

Rs. 1,818,421

5

Rs. 55,849

Rs. 152,423

Rs. 1,762,572

6

Rs. 60,785

Rs. 147,487

Rs. 1,701,787

7

Rs. 66,157

Rs. 142,115

Rs. 1,635,630

8

Rs. 72,006

Rs. 136,266

Rs. 1,563,624

9

Rs. 78,370

Rs. 129,902

Rs. 1,485,254

10

Rs. 85,298

Rs. 122,974

Rs. 1,399,956

11

Rs. 92,837

Rs. 115,435

Rs. 1,307,119

12

Rs. 101,043

Rs. 107,229

Rs. 1,206,076

13

Rs. 109,973

Rs. 98,299

Rs. 1,096,103

14

Rs. 119,694

Rs. 88,578

Rs. 976,409

15

Rs. 130,275

Rs. 77,997

Rs. 846,134

16

Rs. 141,792

Rs. 66,480

Rs. 704,342

17

Rs. 154,323

Rs. 53,949

Rs. 550,019

18

Rs. 167,963

Rs. 40,309

Rs. 382,056

19

Rs. 182,812

Rs. 25,460

Rs. 199,244

20

Rs. 199,368

Rs. 9,304

Rs. 0

If Your home is Rs 20,00,000 and rate of interest is 8.60% p.a for a tenure of 20 years then your monthly EMI will be:

Loan Amount Rs. 20,00,000
Monthly Installments (EMI) Rs. 17.483
Total Interest Amount Rs. 21,95,981
Total Amount (Principal + Interest) Rs. 41,95,981

Year

Principal

Interest

Balance Amount

1

Rs. 39,323

Rs. 170,473

Rs. 1,960,677

2

Rs. 42,839

Rs. 166,957

Rs. 1,917,838

3

Rs. 46,671

Rs. 163,125

Rs. 1,871,167

4

Rs. 50,848

Rs. 158,948

Rs. 1,820,319

5

Rs. 55,398

Rs. 154,398

Rs. 1,764,921

6

Rs. 60,353

Rs. 149,443

Rs. 1,704,568

7

Rs. 65,757

Rs. 144,039

Rs. 1,638,811

8

Rs. 71,637

Rs. 138,159

Rs. 1,567,174

9

Rs. 78,048

Rs. 131,748

Rs. 1,489,126

10

Rs. 85,031

Rs. 124,765

Rs. 1,404,095

11

Rs. 92,639

Rs. 117,157

Rs. 1,311,456

12

Rs. 100,928

Rs. 108,868

Rs. 1,210,528

13

Rs. 109,958

Rs. 99,838

Rs. 1,100,570

14

Rs. 119,797

Rs. 89,999

Rs. 980,773

15

Rs. 130,515

Rs. 79,281

Rs. 850,258

16

Rs. 142,191

Rs. 67,605

Rs. 708,067

17

Rs. 154,915

Rs. 54,881

Rs. 553,152

18

Rs. 168,774

Rs. 41,022

Rs. 384,378

19

Rs. 183,875

Rs. 25,921

Rs. 200,503

20

Rs. 200,629

Rs. 9,469

Rs. 0

Home Loan Interest Rates

Bank Name Interest Rates
Allahabad Bank 8.85%
Andhra Bank 9.50% – 9.70%
AXIS Bank 8.65%
Bank of Baroda 8.35% – 8.55%
Bank of India 8.65% – 8.70%
Bank of Maharastra 8.95% – 9.05%
Canara Bank 8.65% – 8.75%
Central Bank of India 8.50%
Citibank 8.80%
Corporation Bank 8.85%
Dena Bank 8.55% – 8.80%
Deutsche Bank 10.50%
Development Credit Bank 10.60%
Dhanalakshmi Bank 10.35% – 10.60%
DHFL 8.60% – 8.70%
DHFL Vyasa Housing Finance 9.75% – 10.25%
Federal Bank 9.57% – 9.82%
GIC Housing Finance 10.25%
Gruh Finance Limited 9.75% – 15.25%
HDFC Ltd 8.50% – 9.00%
HSBC Bank 8.85%
IDBI 8.55% – 8.60%
India Infoline Housing Finance Ltd. 9.55% – 10.50%
Indiabulls Housing Finance Limited 8.65%(For Women) – 8.70%(For others)
Indian Bank 8.60%
Indian Overseas Bank 8.65% – 8.90%
Indusind bank 10.60%
Karnataka Bank 9.50% – 9.75%
Kotak Bank 8.75%
L&T Housing Finance 9.65% – 10.25% (for Salaried/ SEP) 9.65%-10.50%(SENP)
LIC Housing 8.50% – 8.70%
Oriental Bank of Commerce 8.60% – 8.70%
PNB Housing Finance 8.50% (for Salaried/ SEP for first 12 Months) 9.10% (For SENP for first 12 months)
Punjab National Bank 8.65% – 8.75%
Reliance Home Finance Private Ltd. 10.60%
SBI – State Bank Of India 8.60% – 8.65% (For Women), 8.65% – 8.70% (For Others)
Shriram housing finance 15.00%
Shubham Housing Development Finance Company 12%-14%(For Salaried) – 15%-17%(For Self-employed)
Standard Chartered 9.35%
State Bank of Travancore 9.20% – 9.45%
Syndicate Bank 8.75%
Syndicate Bank 9.55% – 10.50%
Tata capital Housing Finance ltd 8.65%(For Women) – 8.90%(For Others)
UCO Bank 8.75% – 8.90%
Union Bank of India 8.75% – 8.80%
United Bank of India 8.80%
Vijaya Bank 8.90%
Edelweiss 10.50%%

What is EMI?

Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date every month. In other words, an EMI is composition of principal/loan amount and pre-fix interest rate for payment of loan along with tenure for payment. By knowing your EMI before jumping to apply for a loan is of great help in personal budgeting.

How to calculate EMI?

Calculating your home loan EMI is very simple and easy, three main inputs that are punched in EMI tool to calculate your per month EMI.

1. Principal amount or amount received/intended amount from lender as loan.

2. Pre-fixed interest rate on loan amount.

3. Number of months/years/tenure.