Equated Monthly Instalment (EMI) is critical to buying a home. It is the monthly payment that you have to pay to your bank for your home loan, and it includes repayment of the principal amount and the interest on the outstanding principal amount of your home loan. A longer home loan tenure means a lower EMI. A clear knowledge of the EMI amount will help you make an informed decision.
With our EMI calculator, you can get a fair but approximate EMI amount, the total interest amount and the total payment amount at the end of the tenure.