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Monthly EMI
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Total payment
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Monthly repayment schedule
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Frequently asked questions
How is home loan EMI calculated?
EMI is calculated using the reducing-balance formula: EMI = P × r × (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.
What tenure should I choose for a home loan?
Longer tenures lower the monthly EMI but increase total interest paid. Try a few tenures in years or months to compare the trade-off before deciding.
Does this calculator include processing fees or taxes?
No. This calculator estimates principal and interest only. Check with your lender for processing fees, insurance, and other charges.