Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Mortgage Loan Calculator

    We found 32 Mortgage Loan Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    1% to 2.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
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    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
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    Perks
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    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad INSTANT DECISION
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    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Fees & Charges
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    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.59% - 18.49% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.25% Fixed
    0 One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Mortgage Loan Calculator is Rated as "Great!" by 73464 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Mortgage Loan Calculator

    What is a Mortgage Loan?

    In a mortgage loan, the issuing bank extends a loan against any real estate or property pledged by the applicant or customer as security or collateral. Most banks offer various types of mortgage loans based on different factors such as tenure, fixed or floating interest rate and class of borrowers.

    How to use Mortgage Calculator?

    A mortgage calculator helps users calculate their Equated Monthly Instalments (EMI) by using the following data

    • Loan amount
    • Tenure
    • Rate of interest

    Most bank websites have an EMI calculator which displays several illustrative scenarios based on the input details submitted by users. It is important to note that results generated by a user-friendly mortgage calculator cannot be a substitute for professional consultancy, necessary documentation such as certificates and financial statements.

    Features of Mortgage Calculator

    The salient features of mortgage calculators are listed below:

    • Comparative analysis: Mortgage calculators help users get a comparative analysis of various loan schemes offered by different banks in that users can figure out how much money they can save money by switching to a particular bank.

    • Explore options: Users can enter different loan amounts, tenures and rates of interest into the online calculator to assess various payment options in addition to ascertaining the total cost of a mortgage.

    • Repayment scenarios: Users can make use of the repayment mortgage calculator to get results on their repayments schedules upon entering details related to monthly payments, interest rate and tenure.

    • Desired amortization schedule: Users can get detailed results on their in terms of their monthly mortgage payments, interest, principal and principal outstanding.

    • Customised: Each user can enter the required details such as type of interest rate, amortization period and loan amount among others into a mortgage calculator and get the desired results.

    • Handy tool/quick: Mortgage calculators are user-friendly in that they can be used to make quick calculations in less time to get an overview of various mortgage options available in the market without consulting any professionals. It is, therefore, a handy tool.

    • Simplify complex scenarios: In many cases, prospective loan applicants may get overwhelmed by the financial jargon in the policy document or website. Mortgage calculator comes to the rescue of such customers in that it simplifies extensive data and helps users get a clear picture of the variables rather than mere nebulous ideas on paper.

    • Better understanding of products: There is a view that easy-to-use mortgage calculators lead to a better understanding of products and services rather than rich description in a text format. The data is out there for all to see sans complex verbiage.

    • Win-win: Owing to the aforementioned reasons, many industry experts believe that many banks/financial institutions and financial websites will stand to gain by introducing advanced versions of mortgage calculators to not only attract more visitors to their site but also improve customer satisfaction and retention. The users too can make use of the tool to enhance their knowledge of various financial products and make use of them in an efficient manner.

    Amortization Table

    Sandeep Sharma, a 30-year-old IT employee, opts for a Mortgage Loan for a period of 10 years. The details are listed below:

    Loan Amount: Rs.5 lakh

    Tenure: 10 years

    Rate of Interest: 9%

    Sharma entered the above details in a mortgage calculator and got the following results

    EMIs: 120 Months

    Monthly Interest Rate: 0.75%

    Monthly EMI Payment: Rs. 6,334

    Total Loan Amount Payable: Rs. 760,055

    Total Interest Amount Payable: Rs. 260,055

    Below is the amortization table based on the aforementioned details?

    Month EMI Interest Principal Outstanding
    0 - - - Rs.5 lakh
    1 Rs. 6333.78 Rs. 375 Rs. 2583.78 Rs. 497416.21
    10 Rs. 6333.78 Rs. 3570.26 Rs. 2763.51 Rs. 473272.41
    20 Rs. 6333.78 Rs. 3355.86 Rs. 2977.91 Rs. 444471.23
    40 Rs. 6333.78 Rs. 2875.87 Rs. 3457.91 Rs. 379992.11
    60 Rs. 6333.78 Rs. 2318.51 Rs. 4015.27 Rs. 305119.97
    80 Rs. 6333.78 Rs. 1671.31 Rs. 4662.47 Rs. 218179.63
    100 Rs. 6333.78 Rs. 919.79 Rs. 5413.98 Rs. 117225.89
    120 Rs. 6333.78 Rs. 47.14 Rs. 6286.63 Rs. 0.01
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  • Mortgage Loan Calculator Reviews

    • Bank Bazaar Customer Support
      "very nice and bank bazaar forwarding to digital India"
      0.5 5.0/5 "Blown Away!"
      Good to see this digital india on bank bazaar this is what i am looking for less paper work more comfort Go DIGITAL AND DO DIGITAL MAKE INDIA DIGITAL.All the best to bank bazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 20, 2017
    • Bank Bazaar Customer Support
      "Supportive Service"
      0.5 4.5/5 "Excellent!"
      Customer service is very good with Bankbazaar. They provided an excellent service. I was regularly followed up by bankbazaar on my loan application. I did not go through with any issues with them because they assisted me well in selecting the bank as well for the loan.
      Was this review helpful? 0
      , chennai
      Reviewed on May 20, 2017
    • Standard Chartered Bank Personal Loan
      "The Best Service"
      0.5 5.0/5 "Blown Away!"
      I availed personal loan from Standard Chartered Bank. During the process, I got good service from them, I never found any challenges with the bank for my loan. I am quite happy with the rate of interest. Also I do not have any suggestions in particular for SCB.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 20, 2017
    • Bank Bazaar Customer Support
      "Good finacial website"
      0.5 4.0/5 "Great!"
      Bank Bazaar gave immediately response from your end. I received regular follow ups on loan application. They have connected with the banks without any hassle. The portal is looking very good to check all the banking information through online.
      Was this review helpful? 1
      , mangalore
      Reviewed on May 19, 2017
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      HDFC offered 13.75% of interest on personal loan it is nominal, but still other banks are giving lower interest rate. My loan amount is Rs.1.9 lakhs with the tenure of three years but for the foreclosure option some charges are applicable with HDFC.
      Was this review helpful? 1
      , mangalore
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 4.0/5 "Great!"
      This is my first time experience with the Bankbazaar.com, also I got the call from the bankers regarding the financial queries. Within a week of time, everything got happened because of Bankbazaar.com. Website really helps a lot to get the financial decision.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • HDFC Bank Personal Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      My experience with the HDFC bank was very good and it was fast too. HDFC bank executives have really worked well for me , also they have explained about the personal loan process very clearly. Rate of interest was not a constraint for me on that time.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • HDFC Bank Personal Loan
      "Good overall"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan earlier with HDFC Bank and I am happy that I faced no hassles in getting my loan through. The customer support is good and the papers was minimal. The rate of interest and processing charges was average. Overall a good experience.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Supportive services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been good and very much satisfactory. They know how to handle the customer and they check about the customer requirement and the proceed accordingly. The website is also very simple and any lay person can access it.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • HDFC Bank Personal Loan
      "High ROI & charges"
      0.5 5.0/5 "Blown Away!"
      The services was excellent from HDFC Bank and they contacted me immediately for the personal loan. I could not proceed ahead for it because of my existing loans with the bank. The rate of interest was very high. It was around 17% and the processing charges are high too.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very good and the experience too. I am using Bankbazaar.com and from the month of march onwards, I am using Bankbazaar.com. I have not experienced much with them. Online portal of the Bankbazaar.com is easy to access. Within twenty minutes of time, I got the response from the Bankbazaar.com.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      Rate of interest was around 13.5% and the customer service was good one with the Standard chartered bank. The only drawback with the Standard chartered bank was that they were not able to make the EMI with my savings account,. Processing charges were nil with them for the personal loan. Within fifteen to seventeen days of time the loan amount got credited.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very good and they were very much transparent in providing the deal, also their action was an immediate one with them. Services are the major aspects,. which I really like most , also their follow ups were good with the customer too.
      Was this review helpful? 0
      , pune
      Reviewed on May 19, 2017
    • Standard Chartered Bank Personal Loan
      "Better "
      0.5 4.0/5 "Great!"
      Experience was good with the Standard chartered bank for the personal loan, which I had taken. 11.99% was rate of interest and it changed because of the new financial year. Loan amount got disbursed to my account immediately . Overall, especially at this instant , it was the best moment with them.
      Was this review helpful? 0
      , pune
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Very good platform for people looking for financial products"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is an innovative site ,which surely gives best deal to their customers. It would be great if bankbazaar itself provides the financial products in the market. The bank bazaar web portal is extraordinary, easy to use and user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • Capital First Personal Loan
      "Prompt service"
      0.5 5.0/5 "Blown Away!"
      The process was completed in a pretty fast way. Within 4 to 5 days my loan got disbursed. The rate of interest alone kind of high, when compared with other banks. The interest rates can be decreased in future. Overall I would say, the service is prompt and good with Capital First.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Good and very customer friendly service"
      0.5 5.0/5 "Blown Away!"
      I was facing problem to get a personal loan for a very long time, but after I came to know about bank bazaar, I can say it is very easy process to get any product through bankbazaar.com. Bankbazaar web portal is easy to use and customer friendly. The response and the customer support is very good with bankbazaar.com. Overall I am happy with the bank-bazaar service.
      Was this review helpful? 0
      , jalandhar
      Reviewed on May 19, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have provided my salary account details for my personal loan disbursement. The loan got disbursed on 31st of march but the amount got credited after 20 days. ICICI normally take 3 to 4 days to disburse the loan but they took around 20 days. There was a miscommunication happened with the account details. The rate of interest is on higher side, when compared with others. Overall the service is average.
      Was this review helpful? 0
      , jalandhar
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Fabulous"
      0.5 5.0/5 "Blown Away!"
      After logged in, I got the call from the Bankbazaar.com within few minutes of time. Online portal of the Bankbazaar.com is easy to access, also I got the calls from them immediately and I would like to suggest that they can make calls in a single point of contact. Response is also an immediate one with them.
      Was this review helpful? 0
      , secunderabad
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Via advertisements and through web searches I came to know about bankbazaar.com. The web portal of Bank bazaar is really easy to use and customer friendly. The response with bank-bazaar is really good with their customer support. Overall bank bazaar had done an excellent job.
      Was this review helpful? 0
      , noida
      Reviewed on May 19, 2017
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