The EMI calculator helps you calculate your emi of Loan with ease. The loan EMI calculator can help you make an informed decision about buying a new property. The EMI calculator is useful in planning your cashflows for servicing your property loan. Various banks offer loans with EMIs at affordable rates with additional features like flexible repayment options and top-up loan. With a low rate of interest and long repayment tenure, banks ensure a comfortable property loan EMI for all of you. With our reasonable EMIs, loan is lighter on your pocket. Calculate the EMI that you will be required to pay for your property loan with our easy to understand EMI calculator.
EMI means "Equated Monthly Installment" which is the exact amount a person needs to pay every month till the loan is repaid fully.
A home loan is a type of loan applied for under construction property, ready to move property resale property or purchase of a plot.
Anyone either a resident of India or an NRI who has decided to purchase a property can apply for a home loan if you meet the eligibility criteria.
EMI generally starts from the month subsequent to the month in which the loan has been sanctioned.
A person is required to pay 10-25% of the total property cost and the rest of the money is paid by the bank.