Calculate your home loan EMI instantly
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Everything you need to know about EMI calculations
EMI stands for Equated Monthly Installment. It's the fixed amount you pay every month towards your home loan.
EMI = [P x R x (1+R)^N] / [(1+R)^N-1] where P=Principal, R=Rate, N=Tenure
Loan amount, interest rate, and tenure are the three main factors that determine your EMI amount.
Keep EMI under 40% of your monthly income. Compare rates from different lenders before deciding.
Our experts can help you find the best home loan deals and guide you through the process.