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Home Loan EMI Calculator - Calculate Housing Loan EMI Online

The Aavas home loan calculator facilitates effortless calculation of your Home Loan Equated Monthly Installment (EMI). By using Aavas' EMI calculator for a home loan, you can gain important insights and make a well-informed decision to take a home loan.

Everyone has a dream of having a space of his or her own, calling it home. To accomplish this goal, the best way is to take a home loan. There is an easy-to-pay home loan EMI that makes the repayment process convenient and comfortable. AAVAS home loan EMI calculator will tell you the amount of monthly EMI in just a few taps. All you need to enter is the required housing loan amount, total tenure in no. of years or months, and the rate of interest in the loan EMI calculator. This online home loan calculator is so simple that anyone can use it. You can even know EMIs for different years and different rates of interest as per your requirement. These EMIs can be either fixed or floating and are payable every month. The calculation of EMIs is also quite simple. Making these calculations beforehand is the best way to get the most competitive housing loan EMIs and help you to plan your budget accordingly. If you are also willing to take a home loan, you can use the Aavas home loan EMI calculator to know how much EMI you would be required to pay. To make your financial decisions assured and loan planning easier, use the most trusted Aavas housing loan EMI calculator.

How can home loan EMI calculator help you?

A housing loan EMI calculator helps to calculate the EMI that a borrower needs to pay every month to the lender or the financial institution until the total home loan tenure ends. For first-time borrowers, calculating the equated monthly installments can be a complicated task but not anymore with the Aavas online free EMI Calculator for Home Loan. With this home loan calculator, users can perform complex calculations with ease, accuracy, and in no time. This online home loan EMI calculator provides accurate results that help you a lot in your financial planning.

Tips for Effectively Using Home Loan EMI Calculator:

  • Understand the key basics before you use the online Aavas EMI calculator such as the loan tenure, home loan interest rate, and the loan amount. This will help to input the correct information in the home loan EMI calculator.
  • Check the EMI on different loan amounts, tenures, and interest rates to know how it impacts the overall EMI. Using an online EMI calculator for various combinations would help you select the one that will align with your financial capability and goals.
  • Check and understand the EMI amortization schedule that has been generated when you use the EMI calculator. With this, you would come to know the breakdown of all the EMIs comprising the interest and principal components for the entire loan tenure.
  • Select the EMI option that suits your monthly budget. It is essential to save yourself from any sort of financial strain. It is necessary to select the correct EMI to repay the loan comfortably.
  • Make sure you are ready for consistent and timely EMI payments. Any sort of delay in EMI payments can hurt your credit score and can lead to penalties. For this, it is essential to set up automatic payments for monthly EMIs to avoid any hassle.
  • Before you take the home loan, familiarize yourself with all the terms and conditions of home loan prepayment.
  • While calculating the EMI using the online EMI calculator, also consider the unexpected income gains such as tax refunds, bonuses, etc. for making prepayments on the home loan. It will help in reducing the overall outstanding principal amount.
  • Also, understand the terms and conditions for a top-up loan as it can help you in near future when you need additional funds for home-related expenses.

How does an EMI Calculator help while opting for a Home Loan?

When opting for a home loan, it is essential to understand some key basics of any loan such as the principal amount, down payment, monthly EMI, interest rate, credit score, home loan eligibility, and more. One of the most significant factors that impact a borrower’s life for years to come is the monthly EMI. Fortunately, there are free online home loan EMI calculators available to help you check home loan EMI and guide you on how to proceed with the application.


There are several ways in which an EMI calculator helps you when opting for a home loan:

• Calculation of Monthly Cost:

The primary benefit of using a home loan EMI calculator is that it provides a comprehensive analysis of the monthly EMI that needs to be paid against the home loan. With this approximately value known, you can set aside a sum of payment to pay off the loan. This supports in managing your finances accordingly.


• Low Debt-to-Income Ration Maintenance:

Using a home loan EMI calculator, you can check your debt-to-income ratio and analyse how much income you have monthly, thereby determining if you can afford the monthly EMIs or not. This is a significant benefit of using an online EMI calculator, helping you prepared for future payments.


• Making Adjustments in Loan Tenure or Loan Amount:

A home loan EMI calculator helps borrowers in attaining an idea of the total amount that is due over the entire loan tenure. The equated monthly instalment has a direct relationship with the loan tenure and the total amount borrowed. Therefore, if the EMI proves to be challenging for you to pay, you can discuss it with the financial institution and adjust the total loan tenure to manage EMI payments successfully. You can use the online EMI calculator before applying for a home loan to get an ide about the monthly payment and effectively manage your finances.


If you are planning to apply for a Home loan with Aavas, having an in-depth understanding of EMI is necessary. It can assist you in applying for the adequate amount and loan tenure, thus allowing to plan the finances accordingly.

Home Loan EMI Calculator FAQs

Home Loan EMI means Equated Monthly Installment. Popularly known as monthly installment. EMI includes the principal plus interest a borrower has to pay each month to the bank/HFCs.

A home loan calculator helps you to know the exact amount to your home loan EMIs that you have to pay to your home loan. Using a home loan calculator is really simple. In just 3 simple steps you can know the exact EMI amount.

Step 1) Enter the loan amount you need like 5 lacs, 10 lacs, or whatever loan amount you want to take from the bank.
Step 2) Select the Rate of Interest.
Step 3) Enter Loan Tenure like how many years you want to take the loan for. You may enter the duration in months as well.

Once you enter all the above information EMI calculator will evaluate your monthly EMI, total Interest payable, and total payment which will include principal as well as interest.

Once you are satisfied with loan EMI, you can directly apply for home loan by clicking Apply Now.

Well, the Home Loan EMI Calculation helps you to know the exact amount you need to pay every month as a monthly installment. Once you know how much you have to pay then you can plan your budget accordingly.

The formula is simple to calculate EMIs. It is = [P x R x (1+R) ^N]/ [(1+R) ^N-1] where:

  • ‘P’ represents the loan amount or principal
  • ‘N’ is the number of monthly instalments
  • ‘R’ is the interest rate per month.

The calculation of monthly installments can be confusing for a new loan applicant. But a home loan EMI calculator helps in calculating the installments accurately and smoothly within seconds.

The online home loan EMI calculator provides the exact and correct amount for the EMI to be paid by the loan bearer, so you can plan your budget.

The home loan EMI calculator works on the principle of the basic mathematics formula. It calculates the monthly installments based on the rate of interest of the bank, the principal amount, and the tenure for which the loan amount is taken.

Ratings and Reviews

Divesh Sharma
5/5

Great company with a smooth loan process. Customer service is up to the mark.

Ankita Vora
5/5

Really Good Experience with Aavas... Transparent & Reliable for Customers & Good Service

Hemant Sahu
5/5

Awesome experience with the Aavas team... Easy process for home loan… I got a loan within 7 day's disbursement

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