Home Loan EMI Calculator - Calculate monthly EMI online

What is Home Loan EMI Calculator

Build your dream home with Web Online CA. Use our home loan EMI calculator, which will guide you to calculate your Home Loan Emi with ease. It's that simple, input the loan amount, the rate of interest and the loan tenure and click Calculate EMI. Now the home loan EMI amount will display on the screen you will need to pay each month.

Click here to Calculate Home Loan EMI

The formula to quick calculation of your Home Loan EMI amount

Home loan EMI calculator helps you determine the exact monthly installment amount you will need to pay for your home loan. The Home loan EMI based on the loan amount, interest rate, and tenure.

Formula for EMI Calculation is -

E = [P x R x (1+R) ^N] / [(1+R) ^N-1]

E = EMI amount

P = Principal loan amount

N = Loan tenure

R = Interest rate

For example, 50 lakh loan for a tenure of 20 years at a 8.5% interest rate, according to the formula-

EMI: 50,00,000 x 0.00708333 x (1 + 0.00708333)^240 divided by [(1 + 0.00708333)^240 - 1]

So, the EMI per month will be rs.43,391 for 20 years or 240 months.

Home Loan EMI Calculator: Benefits & Features

User-friendly: A quick, easy and simple tool to determine your Home Loan EMI based on the loan amount, interest rate, and tenure.

Accurate Results: It gives exact results for your  monthly installment amount, which helps in better financial planning.

Customisable: Change the loan parameters (amount, duration and interest rate) and observe the impact on your EMI amount.

Time-saving: The Home Loan EMI calculator online is available 24/7, getting immediate results without having to visit a bank branch.

Interest rate comparisons: The calculator helps you to compare different loan offers.