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Home Loan EMI Calculator, Housing Loan Calculator India 2017

(Updated On 03.06.17) Home Loan EMI Calculator 2017Use this simple tool to calculate ✓ Eligibility ✓ Monthly EMI ✓ Loan Amount ✓ ROI ✓ Principal Amount ✓ Total Interest at Loansninsurances.com.


If you are planning to get a home loan, the very first requisite from your side will be to calculate your EMI (equated monthly installment). This online tool for calculation of outflow proves to be of great importance for home loan consumers.

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To avoid cumbersome process to calculate equated monthly installment www.loansninsurances.com is an online portal to ease the process of calculation. An online EMI calculator at portal offers you enter simple values of your choice to get your future EMI.

Eligibility and Documentation required for Home Loan

✓ One should be in the age group of 18 years & 70 years

✓ An income of Rs. 1,20,000 for salaried people and Rs. 2,00,000 for self employed people

✓ Should have an experience of 2 years and 3 years in case of self-employed

✓ Should be ready to contribute 80% to 85% as margin money

Note: The eligibility criteria are subject to differ from bank to bank. A consumer is advised to follow the guidelines as laid down by concerned bank.


✓ Application form with photograph

✓ Identity & residence proof

✓ Last 3 months salary slip

✓ Form 16

✓ Last 6 months bank salaried credit statements

✓ Processing fee cheque

Process & Formula for EMI Calculation

An EMI is a synthesis of three inputs that are entered in specific fields placed in EMI calculator of www.loansninsurancecom. These inputs are:

  1. Intended home loan amount
  2. Duration in months for which you intend to repay your home loan
  3. Interest rate on home loan

The formula for EMI (in arrears) is:

Where E is EMI, P is Principal Loan Amount; r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.25% per annum, then r = 10.25/12/100=0.00854)

Just by punching these inputs, you are able to know your forthcoming monthly installment or EMI. For an instance,a loan amount of Rs. 27,00,000@interest rate of 10.25 % per annum for the period of 240 months would indicate an EMI of Rs. 26504.37 per month.


1 RS. 43,295 RS. 274,753 RS. 2,656,705
2 RS. 47,948 RS. 270,100 RS. 2,608,757
3 RS. 53,100 RS. 264,948 RS. 2,555,657
4 RS. 58,803 RS. 259,245 RS. 2,496,854
5 RS. 65,125 RS. 252,923 RS. 2,431,729
6 RS. 72,121 RS. 245,927 RS. 2,359,608
7 RS. 79,871 RS. 238,177 RS. 2,279,737
8 RS. 88,454 RS. 229,594 RS. 2,191,283
9 RS. 97,956 RS. 220,092 RS. 2,093,327
10 RS. 108,484 RS. 209,564 RS. 1,984,843
11 RS. 120,143 RS. 197,905 RS. 1,864,700
12 RS. 133,052 RS. 184,996 RS. 1,731,648
13 RS. 147,351 RS. 170,697 RS. 1,584,297
14 RS. 163,182 RS. 154,866 RS. 1,421,115
15 RS. 180,717 RS. 137,331 RS. 1,240,398
16 RS. 200,136 RS. 117,912 RS. 1,040,262
17 RS. 221,642 RS. 96,406 RS. 818,620
18 RS. 245,458 RS. 72,590 RS. 573,162
19 RS. 271,835 RS. 46,213 RS. 301,327
20 RS. 301,554 RS. 17,003 RS. 0

Equated Monthly Installment or EMI is an amount which we need to pay to lending institutions against the loan for property. The EMI contains both-principle amount and interest accrued on principle amount. The outflow is paid till the entire borrowing for home is completed.

The EMI Calculator is aimed to simplify your determination to get home loan by way of equipping you with an estimate of your monthly outflow as repayment. These computation are based on the loan amount requested, the tenure for the loan and the rate of interest. Conclusions that are generated by EMI calculator should not be considered as a quote to offer loan, as this type of online tool is meant only to guide a borrower in terms of extending an indicative quote of EMI. It may vary with minor difference with actual quote at time of repayment.