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EMI Calculator
Easily calculate your home loan EMI, interest amount and total payable with our smart EMI calculator — plan your property investment better.
Converter
Payment Split
Monthly EMI
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Total Interest Payable
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Total Payment
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Amortization Schedule
Detailed amortization schedule will be available soon.
| Year | Principal | Interest | Total | Balance |
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EMI Calculator for Home Loans
Buying a home is a significant financial decision, and most homebuyers rely on loans to finance their purchases. Whether you are purchasing a house, a plot, or constructing a new home, understanding your Equated Monthly Installment (EMI) is essential.
EMI is a fixed monthly payment consisting of both principal and interest, helping you repay your loan in a structured and stress-free manner.
Why Use an EMI Calculator?
- Instant EMI calculation
- Total interest breakdown
- Loan planning made easier
- Prepayment impact analysis
Key Factors Affecting EMI
- Loan Amount
- Interest Rate
- Loan Tenure
EMI Calculation Formula
EMI = [P × R × (1+R)ⁿ] ÷ [(1+R)ⁿ − 1]
- P = Loan Amount
- R = Monthly Interest Rate
- N = Number of Monthly Installments
Benefits of EMI Planning
Conclusion
An EMI calculator is an essential financial planning tool that provides transparency and clarity before taking a loan. It helps you understand repayment structure, interest costs, and long-term financial commitments — allowing you to make smarter property investment decisions.
Difference Between Home Loan and Plot Loan EMI Calculations
| Feature | Home Loan | Plot Loan |
|---|---|---|
| Purpose | For purchasing a house | For purchasing land |
| Interest Rate | Usually lower | Slightly higher |
| Loan Tenure | Up to 30 years | Up to 20 years |
| Tax Benefits | Available | Limited |