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Home > Home Loan EMI Calculator

Calculate Your EMI

100000 30000000
Months
12 360
 %
8% 18%

your EMI Amount

₹44,186

 

Principal Amount

₹ 50,00,000

Interest Payable

₹ 56,04,529

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If you have already taken a Home Loan from another bank or NBFC and are unhappy with the service or wish to reduce the EMI burden.

Home Loan EMI Calculator

While planning to buy a house one of the most important factors is to decide how much loan must be availed. The key aspect that must be taken into account is what will the EMI amount and if the same is affordable given current monthly income. You can estimate your EMI by using IIFL’s Home Loan EMI Calculator given above. With lower EMIs, attractive interest rates and repayment tenure upto 20 years, IIFL Home Loans help you own your dream house quickly and repay your loan comfortably.

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FAQs

It means a fixed amount of payment that a borrower pays to a lender on a specified date every month as repayment of the home loan taken. The abbreviation of EMI is Equated Monthly Installment.

EMI = Principal amount + Interest on principal amount. This is paid through auto debit instructions to the bank or with post dated cheques.