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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.

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

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

Ankita Vora

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

Hemant Sahu

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