Total Interest Payable
Total Payment (Principle + Interest)
Your EMI will be per month
Click on the following link: Home loan application form and fill it up to apply for your home loan online.
Calculating the EMI amount on your home loan is quite easy. Simply enter the loan amount you wish to take, the tenor (in months, and not years) and the rate of interest, in the required fields. The calculator applies the following formula: E = P * r * (1+r)^n / ((1+r)^n-1) to let you know your EMI amount in seconds.
It is a calculator which helps you to calculate your monthly EMI for your home loan. This feature is a good way to get a fair idea of how much money you would be spending on a monthly basis.
Good planning always ensures stable finances. Calculating the EMI in advance gives a better understanding of the amount of money you would have to spend every month. Hence, you can plan well and decide whether you are actually able to spare that much money or not.
Bajaj Finserv’s home loan EMI calculator helps you in calculating the monthly EMI, time period of instalments and home loan interest rate applied on the loan amount.
It helps you to decide whether you can afford the financial commitment or not. If you want, you can increase or decrease EMI amount depending on the loan you are taking and the time period for which you'll be paying the EMIs.
