Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better.

This helps estimate the loan amount that can be availed and helps in assessing the own contribution requirements and cost of the property. HDFC’s Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month. How does EMI calculation help in planning the home purchase? HDFC’s EMI Calculator can help you calculate your loan EMI with ease.

Principal loan amount is ₹10,00,000 and the Interest amount will be ₹4,05,703Ĭalculating the EMI manually using the formula can be tedious. The rate of interest (R) on your loan is calculated per month. Illustration: How is EMI on Loan Calculated? A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. What is Home Loan EMI?ĮMI stands for Equated Monthly Installment. It an easy to use calculator and acts as a financial planning tool for a home buyer. Home Loan EMI Calculator assists in calculation of the loan installment i.e. Calculate the EMI that you will be required to pay for your home loan with our easy to understand home loan EMI calculator. With our reasonable EMIs, HDFC Home loan is lighter on your pocket. With a low-interest rate and long repayment tenure, HDFC ensures a comfortable home loan EMI for you. with additional features such as flexible repayment options and top-up loan. HDFC offers home loans with EMIs starting from ₹769 per lac and interest rates starting from 8.50%* p.a. The EMI calculator is useful in planning your cashflows for servicing your home loan.

HDFC's EMI calculator for a home loan can help you make an informed decision about buying a new house. HDFC's home loan calculator helps you calculate your Home Loan Emi with ease. We do not guarantee their accuracy, or applicability to your circumstances. Results depend on many factors, including the assumptions you provide. These calculators are provided only as general self-help Planning Tools.

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