Home Loan

How Can You Calculate Home Loan EMI for Rs. 1 Crore?


Do you need a loan to purchase a property and have a credit score of at least 750? If so, a home loan of Rs 1 crore may be just what you need. Congratulations! The decision to buy a home is substantial, both monetarily and psychologically.

But how much will the monthly payment be on a property loan of Rs 1 crore? In other words, how much would you need to pay monthly on a mortgage of Rs 1 crore? Several variables go into determining the mortgage loan EMI each month, including the loan amount, loan term, and interest rate. 

In this article, we will tell you how to calculate a home loan EMI of Rs. 1 crore.

How do I calculate the home loan EMI for Rs. 1 crore?

To easily calculate your house loan EMI, use the home loan calculator provided by Piramal Finance. A good decision on a new home purchase might be aided by the home loan interest calculator. The EMI calculator can also be used for monthly budgeting purposes. 

With a low interest rate and a longer repayment period, your monthly mortgage payment to Piramal Finance will be more manageable. This straightforward home loan EMI calculator can help you determine your monthly EMI payment.

How To Use Piramal Finance’s Home Loan EMI Calculator

Simply enter the following data to determine your EMI:

  • Loan Amount: Insert the desired loan amount.
  • Tenure: Put in the number of years over which you hope to pay off your home loan. Eligibility is enhanced with a longer tenure.
  • Interest Rate: Put in the interest rate.

How Does EMI Calculation Help?

Using the house loan EMI calculator, you may get an idea of how much you will have to pay each month for your mortgage. This will allow you to make a more calculated decision about your budget. This is useful for evaluating the possible loan amount, as well as the amount of the personal contribution and the price of the property. 

If you want to know whether you qualify for a home loan, you need to know how much your monthly payments will be.

Features and Benefits of Applying for a Home Loan with Piramal Finance

  • Home loans to buy an apartment, a duplex, or a cottage from a private firm in a sanctioned development.
  • The DDA, the MHADA, and other development authorities provide loans for purchasing homes.
  • Freehold, leasehold, and Development Authority-assigned lots qualify for new construction loans.
  • Get the best possible property purchase decision with the help of expert legal and technical advice.
  • A nationwide branch network makes it easy to apply for and manage a home loan, no matter where you are in India.

Factors affecting home loan EMI

1. Changing Your Loan Tenure

You may notice a difference in your monthly payment if you make a small adjustment to the term of your mortgage loan. Generally speaking, if you extend the length of your loan, your EMI will decrease, and vice versa. 

However, it is important to keep in mind that the greater your loan’s duration, the more interest you will have to pay overall. If you take out a loan for a longer period, your monthly instalments may be lower. Nevertheless, the total amount that you will pay back will be higher.

2. Prepayment

It is common practice for mortgage lenders to accept prepayments from borrowers. Consequently, the principal amount is reduced, and you pay less interest. The lender, however, may impose a prepayment penalty on you, often between 1 and 5% of the outstanding principal.

Before you sign the mortgage agreement, it’s a good idea to double-check the repayment terms with the lender. Talk to your lender about reducing the prepayment penalty to an amount that is manageable for you.

3. Step-up or step-down repayment

When applying for a mortgage, you may be presented with many repayment plans to pick from depending on your anticipated cash flow. The first choice is to make larger monthly payments toward the principal. This choice is recommended for individuals who have just started jobs and are anticipating growth in salary as they acquire more knowledge. Under this, your EMI would increase with time.

The other choice is called “step-down payment,” and it is ideal for people who are retiring. Here, you begin with large EMIs and gradually pay less over time.

4. Personal Loan Balance Transfer

While it’s important to secure a mortgage loan from the best possible lender, it is also important to monitor the interest rates given by other lenders during the life of the loan. Borrowers can get a cheaper interest rate on their home loan by switching to a new lender and transferring the pending loan to the new lender.

Make sure the savings you will realize from moving lenders, in the form of cheaper EMIs, are greater than the cost of the balance transfer, otherwise, you shouldn’t do it.

What is the Amortization schedule for a home loan?

Amortization refers to the practice of reducing debt through regular loan payments over the loan’s term. The EMI calculators provided by Piramal Finance are a good way to get an idea of how much of the loan’s principal will be repaid each month, given the loan’s terms and interest rate. 

With the help of the Piramal Finance mortgage loan calculator, you can see how much you will pay in interest and principal throughout your loan.

If you have used Piramal Finance’s EMI calculator to get an idea of your monthly payments, you can easily apply for a home loan online.

What is a Pre-Approved Home Loan?

Piramal Finance will assist you in obtaining a pre-approval home loan even if you have not yet located your ideal residence. Your income, credit, and financial position will all be evaluated before a final decision is made on a pre-approved home loan.


A home loan can provide a buyer with a one-stop shop for all of their home financing needs. Buying a home has probably been a lifelong goal of many people, and Piramal Finance has a variety of financial options that can help you get there. Loan processing is streamlined because of streamlined application processes, responsive customer service, and devoted relationship managers.

Calculating your home loan EMI can be difficult. But use a home loan EMI calculator to easily calculate your EMIs.

This was a comprehensive guide on calculating home loan EMI for Rs. 1 crore.

We hope you found this article useful. 

Need instant funds? Apply for a personal loan with Piramal Finance and get up to Rs. 10 Lakhs!