Home Loan EMI Calculator: Plan Your Dream Home Smartly!

 

Buying your dream home is a major milestone, but understanding how much you’ll pay every month is equally important. That’s where a Home Loan EMI (Equated Monthly Installment) Calculator becomes a game-changer.

💡 What is a Home Loan EMI?

An EMI is the fixed payment amount made by a borrower to a lender every month. It includes both the principal and the interest amount. Your EMI depends on:

  • Loan amount (Principal)
  • Loan tenure (in months or years)
  • Interest rate (annual)

📐 Home Loan EMI Formula

The EMI is calculated using this formula:



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