Home Loan EMI Calculator
Calculate Your EMI
What is Home Loan EMI Calculator?
A Home Loan EMI Calculator helps you estimate the monthly installments (EMIs) you need to pay to repay your loan. Enter the loan amount, interest rate, and loan tenure to find out your monthly EMI.
How Does it Work?
Our Home Loan EMI Calculator uses the loan amount, interest rate, and loan tenure to calculate the monthly EMI. The formula used is:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where P is the loan amount, R is the monthly interest rate, and N is the number of monthly installments.