Free Home Loan Equated Monthly Instalments (EMI) Calculator

Get to Know your Equated Monthly Instalments (EMI) online in simplest and easiest way through easy calculator just to pursue your dreams.

Home Loan EMI Calculator
%
  • Monthly
  • Fortnightly
  • Weekly
Total interest
0 over 5 years
Payment would be
0 per Monthly

Tabular form of Home loan Equated Monthly Instalments (EMI)

# Year Interest Principal Payment To Interest Payment To Principle Payment would be

Get The Tenure of Repayment of Loan Equated Monthly Instalments (EMI)

Total interest
0 over 5
Payment would be
0 per Monthly

Get The Interest Rate of Repayment of Loan Equated Monthly Instalments (EMI)

Total interest
0 over 5
Payment would be
0 per Monthly

Let's Understand the Process of EMI, Formula's and How does Easy-Calculations work to calculate the Home Loan EMI!!

Bank loan EMI calculator in India

Planning to take a loan? Use this simple loan EMI calculator online to estimate the monthly instalment payable. Simply provide the loan amount, the loan tenure and the interest rate of the loan and the calculator will work out the loan Equated Monthly Instalment (EMI).

But the key components on loans are always the same, namely - loan amount, loan tenure and interest rates.

Manual computation of EMI for different loan amounts is a little difficult and hence easy-calculations loan EMI interest calculator comes handy.

Use this simple EMI calculator to estimate the monthly instalment payable. You can use this calculator to calculate the EMI of any loan be it—personal loans,car loans, two-wheeler loans, home loans,bank loan EMI calculator in India.

This EMI calculator from India generates result in a split second and enable you to understand whether the monthly payment would be affordable for you.

EMI (Equated Monthly Instalments)

The word consist its meaning in itself as Equated Monthly Instalment. When an Equally amount of borrowing money repay from borrower to lender at given interest rate at fix line whether it is weekly, monthly and fortnightly, consider as a EMI.

Disbursement of lending money may be various form Whether it is Home Loan, Personal Loan, Car Loan, Education Loan etc.

Home Loan EMI

A sum of money borrowed from a financial institution or bank to purchase a Home. Home Loan consist fixed intrest rate and perticular tenor. A equally fix time payment of this loan is elucidating as a Home Loan EMI.

Home Loan EMI Calculator

Calculator, a machine makes our work easier and faster. Through Home Loan EMI Calculator, you can calculate your Home Loan EMI accurately in easy steps and in very less time.

How to use Easy Calculator
  • 1. Easy Calculator Provides and easiest and time saving way to calculate your Home Loan EMI in few steps
    • Input your Principal Loan Amount you wish to avail (rupees)
    • Loan interest rate (percentage)
    • Durations for fixed Instalment(Weekly, Monthly, Fortnightly)
  • 2. Description through formula's -
    [P x R x (1+R)^N]/[(1+R)^N-1]
    where P stands for Principal Amount or Loan Amount
    R stands for the rate of interest set by the bank
    N stands for number of years/tenor
    Now we understand with examples -
    P = ₹30 lakhs, R = 8%, N = 20 years or 240 months
    EMI = [3000000 x 8/100 x (1+8)^240] / [(1+8/100)^240-1]
    EMI = Rs. 25093₹

    After using such steps we can get our result instantly in graphical way or in tabular form. It help to know the Home Loan EMI so that we can easily understand it and can analysis it.

Merit of using easy calculator for Home Loan EMI
  • Easy to Input Information
  • Time Saving
  • Instant result
  • Accurate consequency
  • Tabular form to describe EMI
  • Graphical form to describe EMI
  • Easy to Analysis
Benefit of Pre-Knowledge of Home Loan EMI

When we can Estimate our EMI before use. It is helpful in good financial planning, with the help of it we can transfer our money or can shift our expenses or investement in managed and smart way for this easy-calculations is going to play a key role.

Get the Tenure of Repayment of Home Loan EMI

This easy-calculations provides all the need to find out Home Loan EMI under various circumstances. You first need to enter details regarding the Loan, the Rate of Interest, and particular Tenure. You would be able to find the amount you need to pay as your monthly instalment.

Easy-Calculations represents same more features under the circumstence of fluctuating EMI amount. The fluctuating in the amount would effect the tenure. Lets find out the tenure as per the changes in EMI -

  • Tenure is one of the major terms that can impact your budget as well as saving. if the monthly instalment is reduced due to any reason, you would find a longer tenure like,
    E.g. Suppose Loan Amount is 1000000₹
    Interest Rate is 8.99
    and EMI is 10000₹
    Then Tenure would be 15 years and 5 Months
  • On the contrary, if the amount of monthly Instalment increase due to various reason, you would find shorter tenure like,
    E.g. Suppose Loan Amount is 1000000₹
    Interest Rate is 8.99
    and EMI is 20000₹
    Then Tenure would be 5 years and 3 Months
    Thus a Balance and Planned decision must be taken by the Borrower so that they can get satisfied equalization and proportion in Tenure and amount of monthly instalment through easy-calculations.

Get the Interest of repayment of Home Loan EMI

Through easy-calculations, we can elucidate various terms, as per the need of the user. factors that can be used here are Principal Amount, interest rate, tenure and so on. Sometimes circumstances can be occurred like we have to estimate our Interest rate whether the amount, tenure and other terms are given here. In the condition of one unknown factor like interest. We can easily estimate our Interest rate in easy steps through this Calcupedia.