Before finalizing the home loan, use the EMI calculator
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Buying a home is one of the biggest financial decisions you will ever have to make, and years of hard work go into gathering adequate funds for making a home purchase.
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An Equated Monthly Instalment is the sum you will pay to your lender every month. It is calculated based on the principal amount, the repayment tenor and the current home loan interest rates.
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By simply feeding in your principal loan amount, your interest rate and repayment tenor you can easily compute your monthly EMIs.
Forecast your EMIs in an Instant
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Choose the Right Principal Amount
Arriving at the EMI will help you evaluate if the loan amount you are looking to borrow is right for you.
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Tweak your Tenor to Save More
A lengthy tenor gives you the benefit of smaller EMIs, but it also means that you will pay more on interest over the years.
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Compare Lenders before Signing Up
Lenders may offer marginally different interest rates as per their eligibility criteria and norms.
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Use EMI Calculator before Finalizing the Home Loan