Home Loan EMI Calculator
How much will I pay every month?
The home loan EMI calculator is a simple one, where you put in the loan amount and the rate of interest you expect, and you can calculate the outgoing you can expect to pay every month.
The formula uses the standard compound interest formula on a reducing principal to arrive at an EMI amount.
Input the values into the boxes, and the calculated amount will show at the bottom.
It gives you a quick idea of what you can reasonably expect to pay every month for a loan of a certain amount.