Disclaimer: The calculators provided are for illustration purpose and general assistance for financial planning. Output of the calculator depend on many factors, including the assumptions provide. We do not guarantee any accuracy, or applicability to your circumstances. Final amount of eligibility is subject to internal credit assessment of the bank.
Simply put, EMI is nothing but equated monthly instalments, that you pay per month as repayment for your home loan. The EMI will consist of both parts of the repayments which is the principal amount and the payment of interest.
Try out our home loan EMI calculator to understand how much you will pay can help you analyse interest and outstanding principal repayments.