Home Loan EMI Calculator

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

Are you considering taking a गृह कर्ज but don't know how much EMI you need to pay? The Piramal Finance home loan EMI calculator will come to your rescue in determining the amount you need to pay monthly to your lender. Our house loan EMI calculator will ensure that you make wise decisions while purchasing your dream home.

Our housing loan EMI calculator will help you manage your monthly finances accordingly. By trusting Piramal Finance, you can take pleasant home loans with low-interest rates and a long repayment period. Using our गृह कर्ज ब्याज दरें calculator, you will be able to determine how much interest gets accumulated on the principal amount.

5 लाख5 करोड़
5 वर्ष30 वर्ष
आपका गृह कर्ज ईएमआई है
मूलधन राशि
ब्याज राशि

EMI Calculation

Principal Amount Tenure Rate of Interest EMI
₹ 10 lakhs10 years11%*₹ 13,775
₹ 25 lakhs10 years11%*₹ 34,438
₹ 50 lakhs20 years11%*₹ 51,609
₹ 50 lakhs25 years11%*₹ 49,006
₹ 75 lakhs25 years11%*₹ 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 25 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:Specify the amount that you intend to borrow.
  • Duration:You need to specify the duration over which you will repay the loan. Remember that choosing a longer duration will make you more eligible for the loan.
  • Interest rate:Mention the interest rate charged by your lender.

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

The Piramal Finance home loan repayment calculator clearly explains the amount you will have to repay your lender every month. It ensures that you are aware of how much of your monthly earnings will be applied to housing loans.

Consequently, you will be able to plan your finances to ensure that you are not defaulting on your EMI payments. Remember that failing to pay your EMIs will make it difficult for you to secure loans in the future. Therefore, a home loan EMI calculator helps make your home-buying journey smoother.

Features & Benefits of Home Loan EMI Calculator

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 time-consuming manual calculations are avoided.

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 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.

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

R = Monthly interest rate charged by your lender

N = Loan duration in months

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 10%. Then, R = 11/ 12/ 100 = 0.009

Who can apply for a home loan?

At Piramal Finance, both salaried and self-employed individuals can apply for home loans.

Salaried Individuals
Age: 21 years to 70 years
Employment: Government institution, private sector, public sector, partnership firms, NGOs or related organizations, a proprietorship concern, MNCS, or related companies.

Self-employed Individuals
Age: 23 years to 70 years
Employment: Self-employed professionals (doctors, architects, and more), business owners, partners of partnership firms, proprietors

Home Loan Amortization Schedule

Home loan amortization refers to reducing debts during the loan tenure by making monthly payments. The EMI calculator from Piramal Finance will help you figure out the ratio of the principal housing loan amount to the interest due according to the rate of interest and loan tenure. The calculator will break down the details regarding the principal payments and the interest amount to help you understand the home loan amortization schedule better.

Factors That Affect Your Home Loan EMI

Principal Amount:

Prepayment is permitted by all home loan providers. This reduces the outstanding principal balance as well as the interest burden. As a prepayment penalty, most lenders typically charge a percentage of the outstanding principal amount. When you make a prepayment, the outstanding amount decreases, and as a result, your EMI decreases.

Rate of Interest:

Interest rate fluctuations are one of the most important factors that can affect housing loan EMIs. This is mostly applicable to floating interest rates, which fluctuate according to market conditions. These fluctuations can have an impact on your home loan EMI in both positive and negative ways. To determine the impact on your home loan, use a housing loan interest calculator.


Even a minor change in the term of your home loan can affect your EMI. Basically, the longer your loan term, the lower your EMI, and vice versa. However, most people overlook the fact that a longer-term always entails a higher interest payment. This will eventually cost you money. This means that, while higher loan tenures may result in lower EMIs, the borrower will end up paying more in interest in the long run.

अक्सर पूछे जानेवाले प्रश्न

What is EMI?
piramal faqs

What are the benefits of using an EMI calculator for a home loan?
piramal faqs

What effect do part-prepayments have on your EMIs?
piramal faqs

How does your home loan repayment work?
piramal faqs

What documents are necessary to apply for a home loan?
piramal faqs

What is a home loan, and how does it work?
piramal faqs

What is the maximum home loan that I can obtain?
piramal faqs

How can I reduce my home loan EMI?
piramal faqs

What are the tax benefits of paying home loan EMIs?
piramal faqs

How do I repay a home loan?
piramal faqs

How can I get an estimate of the loan amount?
piramal faqs

Can I get a home loan for the entire amount?
piramal faqs

About Piramal Finance

Piramal Finance is a part of Piramal Group Enterprises Limited and is registered under National Housing Bank. It offers retail and wholesale funding opportunities to companies across different industries. It is also involved with financial service businesses. The business loan benefits offered by Piramal Finance enable companies of different sizes to fulfill their goals. But Piramal Finance also offers other kinds of loans, including housing and personal loans.