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How is a Home Loan EMI Calculated?

Home loan EMI is calculated by banks on the basis of principal, interest to be paid and tenure. In the initial years of the loan, major portion of the EMI comprises of interest payable since the principal amount is large. As the loan matures, interest component decreases while the principal component gradually increases.

Loan Amount 1000000 Lakhs

ROI 6.99 %

Tenure 120 Years

Per month EMI

Total Interest Payable

Total Payment (Principal + Interest)

What is a Home Loan EMI?

Home loan EMI is the amount that is paid to the lender for the purpose of repayment of the borrowed loan to finance your home. At the time of availing a home loan, EMI is calculated by your lending institution based on the borrowed amount, sanctioned rate of interest and loan tenure.

How to calculate EMI with the help of PNB Housing Home Loan EMI Calculator?

For most of us, life’s most gratifying and rewarding project is owning a house. So do you strongly covet a property but are deterred by the bugbear of the EMI (Equated Monthly Instalments) complexities involved? Relieve yourself of the tedious and lengthy methods employed to calculate the monthly repayment amount with PNB Housing Finance – Home loan EMI calculator.

This simple, user-friendly tool design will instantly give you the approximate value of the monthly EMI on a Home Loan.

  1. Entering the principal home loan amount you wish to take,
  2. Duration of loan (Loan Tenure)
  3. Expected interest rate in the respective fields (ROI)

This tool will calculate the EMI amount instantly giving you a reasonable idea of monthly outflow that will contribute towards your home loan repayment

To understand how this tool will help in financing your dream home, here is a brief glimpse of home loan EMI calculation process functions, which variable options are available, and how EMI calculator crunches numbers to give you the exact EMI amount to repay each month.

Who can apply for a Home Loan?

  1. Salaried Individuals
  2. Self-employed person with a source of continuous verifiable income

What documents are required to get a Home Loan?

  1. Duly filled application form
  2. Age proof
  3. Residence proof (passport, driving license, any other certificate from Statutory Authority)
  4. Salary-slips
  5. Form 16
  6. Bank statements