Manually performing such complicated EMI calculations for a home loan can be both time-consuming and inaccurate. EMI, or equated monthly instalment, is a fixed payment that a borrower must repay to the lender every month until their loan tenure ends.Ĭalculating the EMI and its components can be a cumbersome task. When deciding on a home loan, the home loan EMI is a critical factor to consider. Also, it will show you the total interest payable during the home loan tenure.Īdditionally, the EMI calculator will also show you the complete amortisation schedule for the home loan, which indicates your monthly repayment towards principal and interest. You can enter the home loan tenure in both months or years by clicking on the desired option.įinally, after filling in all the details, the calculator will show you the EMI amount you need to pay for the home loan. It is the duration in which you want to pay off your home loan. Next, you have to fill out a home loan tenure. It is the rate at which your lender has agreed to lend you the money. Now, you have to enter the rate of interest of the home loan.

Here are the steps to calculate your EMI:įirstly, you must enter the amount you want to borrow as a home loan from the financial institution.

You just have to enter the loan information, and it will calculate your EMI. Using the ET Money Home Loan EMI Calculator is simple.

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