Home Loan Calculator


Home Loan Amount:


Interest Rate:


Loan Tenure (in months):


Loan EMI

Total Interest Payable

Total Payment (Principal + Interest)


What Is a Home Loan EMI?

EMI stands for Equated Monthly Installment. This is the best way to pay off any type of loan offered by banks and NBFCs. The borrower is supposed to pay off the loan in equal monthly installments in the given tenure. EMI is decided on the basis of principal amount of loan, interest rate and tenure. Home Loan EMI refers to the amount which will be used to pay off a home loan. Banks and NBFCs offer a home loan on the basis of one’s credit score. Also the property which is being bought is supposed to be kept as collateral as it’s a secured type of loan. A home loan can be taken to purchase a constructed or under construction property or to expand an existing property. This is a long term loan as the loan amount is much higher than any other loans.

What Is Home Loan Amount?

The home loan amount refers to the amount which is being given as a loan. This is the principal amount of loan. The borrower gets this amount as per his or her credit score and requirement. The principal amount refers to the amount the borrower has applied for home loan according to his or her needs. It is an important component while determining one’s home loan EMI amount. The higher is the home loan amount, the higher the EMI of home loan.

What Is Home Loan Interest Rate?

An interest rate is applied by bank or NBFC on the loan amount. The rate is decided as per the bank policies. The interest rate in home loan is slightly lower than other types of loans which definitely affect the home loan EMI amount. The borrower pays the EMI which is an equal combination of home loan amount and home loan interest rate. Banks and NBFCs offer two types of interest rates: fixed and floating. The EMI amount changes as to which type of interest rate a borrower chooses.

What Is The Tenure Of Home Loan?

Tenure of a home loan specifically defines the time in which a borrower is supposed to pay off the home loan. Many banks and NBFCs offer flexible tenures according to the borrower's needs. Longer tenure means shorter amounted EMIs and shorter tenure means highly amounted EMIs. Banks and NBFCs offer home loan for as long as 30 years as per the borrower's profile.

What Is A Home Loan Calculator?

A home loan calculator helps you to understand the amount of EMI you’ll be paying for your home loan. You have to fill in the home loan amount, home loan interest rate and home loan tenure on the scales given below. Our highly efficient finance calculator then evaluates these 3 statistics and gives you three figures: the EMI amount, total interest payable and total loan amount payable which consist of principal and interest.

Benefits of Using Ruloans' Home Loan EMI Calculator:

Easy Accessibility:

You can use the Ruloans' home loan EMI calculator from anywhere. You can get the values through laptop, tablet and even via phone. Be it a day or night, holiday or weekday, you can easily access the Ruloans home loan EMI calculator.

Effortless Process:

You just have to put in the home loan amount, interest rate and desired tenure to know your EMI value. You can choose these values by using our range sliders which makes the process fun and easy at the same time! And the best part is, to know the results, you don't have to press 'enter' or any other keys neither do you have to wait to get the results. Our calculator decodes the values and gives you the results in real time.

Saves Time:

As Ruloans' home loan EMI calculator gives you the results in real time, it saves a lot of your precious time. If you choose to determine the EMI by using the mathematical or excel processes, it takes a lot of time and energy. But here you save an ample amount of time.

Meticulous Results:

The Ruloans' home loan EMI calculator gives you the exact and accurate results. Our computerized calculator helps you to get the exact results to the values you added.

Helps You To Plan Better:

If you know what your EMI will be, it becomes easier for you to plan your finances from the beginning. You can choose the longer or shorter tenure if you feel the EMI amount is high. This way you can plan your finances accurately for future before taking the loan.