Home Loan EMI Calculator – How to Calculate the EMI of Housing Loan?

It’s important to do the planning before you the propriety or take a loan for it. Taking quick decisions might affect you badly in terms of financially. Therefore, you need to consider everything to plan, which help you in taking the wise decision. Well if you are planning on the house loan, You are going to need planning too. There is the amount that you borrowed, which is needed to be paid on time. For that, there is an Home Loan EMI calculator that can help and plan.

What to Know About the Home Loan?

Well, this is the secured loan which is granted for the property purchase. It’s an affordable way if you want to own a house without going through the financial crunch. Well, the property is considered as mortgage security against the amount which is taken by the lender as loan also the deed will remain to the lender until he or she pays the loan amount back. The main purpose was to offer an option for those who wanted to own a house, but they don’t have enough money. Especially first-time buyers who don’t have the savings that much. 

How to Calculate the Home Loan EMI?


Manually calculation can be long as well as time-consuming and exhausting too. For calculation, you are going to need the amount which you have taken as loan, a tenure that you borrowed as well as the interest rate that will is a charge. You must keep everything in your mind when you are calculating the EMI. Well here is the formula which can be used for the home loan calculation:

EMI = [P x R x (1+R) ^N]/[(1+R) ^N-1]


EMI = Monthly installment

P = principal or the borrowed load amount

R = Rate of interest

N = Tenure of repayment or the number of the monthly installment in which you are going to pay

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However, cleating this by suing the excel or by the hand, both will be tough and confusing at the same time. That’s why it’s better to use the calculator. This will help you in saving time, but also you can get the easy calculation too.

What are the Benefits of Using the EMI Calculator for a Home Loan?

There are tons of benefits that you get if you are using the loan EMI calculator. Such as you save your time, which can be taken if you are taking the manual route. Well, the calculator can do your work within in few seconds. Also, you get the better as well accurate results which are not always possible in other options. It can help you in making your financial plans netter, and you can get the repayment capacity too. With this, you will be able to find the amount which is comfortable for you to pay. Also, don’t go with amounts which are too strain for you as an issue with late payment might affect badly on your credit score.


We all pay EMI’s. EMI stands for easy monthly instalments. This make us easier to buy any product and pay in small amounts every month. However, the calculation of EMI is also important as sometimes EMI is way more than our budget and so that we need to think twice before purchasing anything. In this post, we have talked about the EMI Calculator and how to calculate the EMI of housing loan in India. You can take an example and learn everything about EMI Calculation from here and also why it is important.

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Author: Naveen EThis is E.Naveen Kumar full time Content Writer, SEO, Digital marketing Expert, founder of financesrule.com. Really enjoying playing cricket at free times. Being a Btech Graduation from Computer Science stream Selected full-time blogging as my Profession.

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