EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.
Calculator Results
This calculator serve as general self-help planning tools. The outcomes depend on various factors, including the assumptions you input. We cannot guarantee their accuracy or their applicability to your specific circumstances.
How to use Loan EMI Calculator?
This tool require inputs such as the loan amount, down payment (if any), interest rate, and loan periiod (tenure) to calculate monthly EMI amount instantly. By adjusting these parameters, you can compare various loan options and choose the one that best aligns with your financial goals.