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EMI Calculator

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% p.a.

Monthly Payment (EMI)

4,348

Total Interest Payable

60,909

Total Payment
(Principal + Interest)

2,60,909

Break-up of Total PaymentPrincipal Loan AmountTotal InterestPrincipal Loan Amount: 77 %
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EMI Payment SchedulePrincipalInterestYear 1Year 2Year 3Year 4Year 5₹ 0₹ 20,000₹ 40,000₹ 60,000Interest + PrincipalYear : 1Interest : ₹ 20,431Total : ₹ 52,182
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YearPrincipalInterestPrincipal + InterestBalance
1 31,751 20,431 52,182 1,68,249
2 35,425 16,757 52,182 1,32,824
3 39,525 12,657 52,182 93,299
4 44,098 8,084 52,182 49,201
5 49,201 2,981 52,182 0
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EMI Calculator?

Equated Monthly Installments (EMI) are the monthly payments on your loan amount. The EMI is calculated depending upon Principal Amount, Interest rate (per annum) and Term (months or years).

You can use our Loan Amortizationcalculator to get a detailed understanding of your monthly EMI payments of a Home loans, the interest rate, loan amount, and term. You can find an exact interest rate of your principal amount and also the term of repayment. This helps in your tax computations. Paying the EMI on time is an excellent re-payment of track record of the customers and Banks are often eager to negotiate on the interest rate.

Why PropertyKhazana EMI Calculator?

This tool on the PropertyKhazana website helps you to calculate your Equated Monthly Installment (EMI). The tool will allow you to see the EMI and interest rate for any given Home loan amount.

The EMI Calculator on the PropertyKhazana is user-friendly tool which is easily accessible to calculate the loan amount. Move the slider to adjust the values of Principal Amount, Interest Rate and Term. You can also enter the values by typing directly in the relevant text boxes. A detailed summary of EMI Schedule is displayed in the EMI Bar Chart for your better understanding.

FAQs

1) How will the Banks decide my eligibility for taking loan?

A) Salaried Employees, Self-Employed (Any person filling the Income Tax Returns are eligible), NRI and Co-Applicant are eligible.

2) What are the different types of Home loans available?

A) There are various types of Home loans available; Constructing a House, House Purchase, Buying plot/Land, Purchasing an Apartment or a Flat, and Extension/Renovating the House.

3) What are the Documents required for applying Home loans?

A) Identity Proof, Address Proof, Income Certificate (Salary Slips or Form 16 along with Salary Certificate), and IT returns of 2 years to be filled in case of Self-employed.

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