Use Home Loan EMI Calculator below or Get a Customized Home Loan Quote Now
Get Lowest Rate Instantly With Our Home Loan EMI Calculator
Equated Monthly Installments (EMIs) are the monthly payments you make in order to pay off your home loan. On a
specific date every month, you will need
to pay your home loan EMI. Your home loan EMI depends upon your loan amount, interest rate and loan tenure. Use
the home loan EMI calculator below to instantly get the lowest
home loan EMI quotes from HDFC, Axis Bank, ICICI Bank & other leading banks.
Tell us about yourself and we'll find the best home loan offers
Step 1 of 3
Looking for a Home Loan and
thinking that much will your dream home cost you every month? Use our Home Loan EMI calculator and know your
installments you need to pay every month to repay your loan. Home Loan Interest Rates generally start as low as 10.15% and you can take a
Home loan for upto
Loan Amount: Enter the Home Loan amount using the slider or the edit box you wish to borrow.
For better financial planning our monthly
outgoings (EMI’s) should not be more than 40% of your monthly income.
Interest Rate: This is the Interest rate that is charged on the money borrowed. This rate is
monthly reducing balance.
Tenure: Select the period for which you wish to take the Home Loan. Generally Home loan
tenures are upto 20 years.
Processing Fees: Bank charges a processing fee at the time of disbursing a Home loan.
Processing fees typically vary between 0.5% to 1%
of the loan amount.
EMI: By entering the four fields you can see your monthly EMI which you have to pay to the
lender to pay off your home loan. Based on
your loan EMI output you can check your home
loan eligibility in real time at
BankBazaar.com. Based on your eligibility BankBazaar will show you customized home loan offers from various banks.
You can then select the best offer and
Break-up of your total amount payable: The EMI Calculator tool gives you the total Home loan
amount payable to the lender. Your total
loan amount payable is the sum of your loan amount (Principal), Interest payable and processing fees.
Amortization Table: Gives you a monthly break-up of your Home loan payment. You can see the following
columns under the Amortization Table:
Starting Balance: The starting balance of any given period corresponds to the principal amount
that is owed to the bank at the
beginning of that period.
Interest Paid: This is the portion of your monthly payment that is applied towards interest.
This portion will keep reducing each
successive month as the Home loan matures. The rest of your monthly payment is applied towards the Home loan
Principal Paid: This is the portion of your monthly payment that is applied towards the loan
principal. This portion will keep
increasing each month as the loan matures. The rest of your monthly payment is applied towards interest.
Ending Balance: The ending balance of any given period corresponds to the principal amount
that is owed to the Bank at the end of that
You can switch to Annual view of your Home loan amortization.