Home Loan EMI Calculator

Determine the EMI on your home loan using Piramal Finance Home Loan EMI Calculator

Are you thinking about getting a Home Loan but unsure about the exact EMI amount you will have to pay? The Piramal Finance home loan EMI calculator helps you figure out the monthly amount you need to pay. Our house loan EMI calculator helps you make smart choices when buying your dream home and manage your monthly finances effectively.

By trusting Piramal Finance, you can take pleasant home loans with low-interest rates and a long repayment period. With our Home Loan Interest Rate calculator , you can find out the total interest on your loan amount.

Your home loan EMI is
Principal amount
Interest amount
Results generated by the calculator is indicative in nature. Piramal Capital Housing Finance Limited (“PCHFL”) does not guarantee accuracy, commitment, undertaking, completeness, or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy.

The calculator is only a tool that assists the users to arrive at results of various illustrative scenarios generated from the data input by the users. The user should exercise due care and caution (including if necessary, obtaining of advise of tax/legal/accounting/financial/other professionals) prior to taking of any decision, acting, or omitting to act, on the basis of the information contained/data generated herein.

PCHFL does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against PCHFL. Neither PCHFL nor any of its agents or licensors or group companies shall be liable to user/any third party, for any direct, indirect, Incidental, special, or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/information contained/data generated herein.
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EMI Calculation

Principal AmountTenureRate of InterestEMI
₹ 10 lakhs
10 years
₹ 13,775
₹ 25 lakhs
10 years
₹ 34,438
₹ 50 lakhs
20 years
₹ 51,609
₹ 50 lakhs
25 years
₹ 49,006
₹ 75 lakhs
25 years
₹ 73,508

What is Home Loan EMI?

EMI refers to Equated Monthly Instalment and is the amount that you need to pay your lender every month. You can calculate home loan EMI by adding the interest on the outstanding balance of your housing loan. If you want to reduce the EMI, choose a longer repayment schedule. The maximum time you can take to repay a home loan from Piramal Finance is 30 years.

How to use Piramal Finance's Home Loan EMI Calculator?

Using the Piramal Finance housing loan calculator is quite simple. You need to enter the following information to determine the house EMI:

  • Loan amount(Rs.):Specify the amount that you intend to borrow.
  • Duration(Years):You need to specify the duration over which you will repay the home loan. Remember that choosing a longer duration will make you more eligible for the loan.
  • Interest rate(%p.a):Mention the interest rate charged by your lender.

How does EMI calculation help with planning the purchase of your dream home?

Home Loan EMI calculation is a crucial financial tool that can greatly assist you in planning the purchase of your dream home. It helps you understand the financial implications of taking a home loan, enabling you to make informed decisions.

The Piramal Finance home loan calculator clearly explains the amount you will have to pay your lender every month. It ensures that you know how much of your monthly earnings will go towards housing loans. Here's how EMI calculation assists in the planning process:

  • Budgeting:EMI calculation allows you to determine the amount you'll need to pay each month towards your home loan. This helps you create a budget for your monthly expenses. It allows you to easily handle your loan repayment and other financial obligations.
  • Loan Amount:Calculate home loan EMI to find out the highest loan you can afford, considering your income and financial stability. This stops you from borrowing too much and struggling to pay it back, lowering the chance of missing payments.
  • Interest Assessment:EMI calculation helps you understand the impact of interest on your home loan. It shows how much of each payment goes to the loan amount and how much goes to the interest. Over the years, a larger portion of the EMI goes towards principal repayment, reducing the outstanding loan balance and the overall interest paid.
  • Loan Tenure:EMI calculation allows you to experiment with different loan tenures. Longer tenures result in lower monthly payments and higher overall interest paid. On the other hand, shorter tenures lead to higher monthly payments, but less overall interest paid. This calculation helps you strike a balance between a manageable monthly payment and minimizing the interest paid.
  • Prepayment Planning:If you plan to make prepayments towards your home loan in the future, home loan EMI calculations can help you understand how these prepayments will affect the loan's tenure and interest payments. You can even choose to keep your EMI constant and reduce the loan tenure by making additional payments.
  • Long-Term Financial Planning:Understanding your EMI commitments over the loan tenure helps you incorporate these payments into your long-term financial planning. This is especially important when considering other financial goals like retirement planning, investments, and education expenses.

The EMI calculation helps you figure out if you can afford to buy your dream home. It also helps you make smart financial decisions. We do this while considering your overall financial health.

Features & Benefits of Home Loan EMI Calculator

Using an EMI calculator for home loans will mean that you can get accurate results instantly. When you know how much to pay each month, you can handle your money well and repay the loan easily. The features and benefits of using the Piramal Finance home EMI calculator are as follows:

Save time

The home loan EMI calculator can give results instantly after you enter all the details accurately. It ensures that we avoid time-consuming manual calculations.

Accurate results

You are more likely to make mistakes if you try to calculate the housing loan EMI manually. But the tool will always offer accurate results as long as you give all the required information correctly.

No need to reveal personal information

While using a home loan EMI calculator, you don't have to provide your personal details like name and contact information. Therefore, it is a safe way of calculating your home loan EMIs.

Use it anytime, anywhere

The best part about the Piramal Finance home loan calculator India is that you can use it anywhere, anytime. You can use the EMI calculator as many times as you want, free of cost. Therefore, it is useful for comparing the affordability of home loans from different lenders.

Easy calculation

Calculating home loan EMIs is a tedious process, but it's a necessary step before applying for home loans. A house loan calculator makes life easy by helping you get rid of manual calculations. You will only have to enter the details accurately, and the tool will do it all for you.

EMI Calculation Formula

The formula for home loan EMI calculation is as follows:

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


P = Principal loan amount or the amount you borrowed (Principal Component)

R = Monthly interest rate charged by your lender (Interest Component)

N = Loan duration in months (Tenure Component)

The rate of interest on your housing loan is calculated on a per-month basis. Therefore,

R = Annual rate of interest/ 12/ 100

Suppose the annual rate of interest is 11%. Then, R = 11/ 12/ 100 = 0.009

EMI Calculation Example

For instance, you are planning to apply for a 30-lakh home loan EMI at an interest rate of 11% per annum. Consider the tenure of your loan as 240 months (20 years). In that case, you will calculate the EMI amount using this formula:

EMI = ₹ 30,00,000 * 0.009 * (1 + 0.009) 240 / [(1 + 0.009) 240 - 1) = ₹ 30,966

Calculating the home loan EMI manually can be extremely tedious. Moreover, you are likely to make mistakes while calculating it manually. That's why the Piramal Finance home loan calculator will aid you whenever you are wondering how to calculate home loan EMI.

Frequently asked questions

What is EMI?
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What are the benefits of using an EMI calculator for a home loan?
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What effect do part-prepayments have on your EMIs?
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How does your home loan repayment work?
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What documents are necessary to apply for a home loan?
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What is a home loan, and how does it work?
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What is the maximum home loan that I can get?
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How can I reduce my home loan EMI?
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What are the tax benefits of paying home loan EMIs?
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How do I repay a home loan?
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How can I get an estimate of the loan amount?
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Can I get a home loan for the entire amount?
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