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EMI Calculator - Calculate Equated Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India (with interactive charts)
Enter the amount of EMI that you can pay every month, the interest rate charged by your bank and the preferred tenure, the loan amount calculator will tell you how much you can afford to borrow. Read more about factors that influence the amount you can borrow.
Home Loan EMI Calculator - Calculate Home Loan EMI along with Partial Prepayments, Margin, Property Taxes, HLPP, Home Insurance & Monthly Maintenance Charges.
You can easily find the EMI amount 1) using our EMI Calculator, 2) by doing simple mathematical calculations or 3) using PMT function in excel. EMI Amount = PMT (Monthly Interest Rate, No. Of Months of Repayment, Loan Amount, 0, 0) * -1
If you had opted for a loan of 10 years for the same property, you would have received Rs 34,560 per month for 10 years. Rs 34,560 per month for 10 years at 12.0% gives Rs 80 lacs at the end of 10 years. No surprises here too. Many banks offer Reverse Mortgage Loan Facility.
Your home loan interest rate will move in tandem with the benchmark rate, ensuring transparency and fairness. A rising repo rate translates into higher rates for new loans and higher EMI for existing loans. Conversely, a falling repo rate can lead to lower home loan rates.
You make a purchase of Rs 25,000 and opt for 6-month No-cost EMI on the payments page. You get an upfront discount of Rs 921.2 (assuming 13% p.a. interest) and your credit is charged Rs 24,078. After a few days, your bank automatically converts the amount into an EMI based loan.
22-May Update — RBI has extended EMI moratorium on all term loans by another 3 months till 31-August-2020. The Reserve Bank of India had announced a 3-month EMI moratorium as a Covid-19 regulatory package in March 2020. In a previous post, we discussed if you should opt for such a moratorium.
While sifting through the loan proposal at the car dealership, you just have to ensure that your loan EMI does not exceed Rs 10,000 for the 4-year loan). Now, this is the loan amount. Since you are planning to pay 20% down, the maximum cost of the car can be 3.94 lacs / (100% – 20%) = Rs 4.92 lacs. Downpayment of 98K.
Impress your website visitors and customers with an EMI calculator that instantly calculates the monthly payment on their home loan, personal loan or car loan. The mobile-friendly widget works well on desktops, tablets or phones; it adapts itself to the your website’s layout and user device’s screen size. It can fit in your website’s ...