EMI stands for Equated Monthly Installment which is an important part of your home loan. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMIs.
A clear knowledge of the amount that you will need to pay towards EMIs will help you make an informed decision. However, in order to get the best approximation towards EMIs, it is important to use a home loan EMI calculator. With our EMI calculators, you can get a fair understanding about the ratio of the principal amount to the interest due, based on the effect of the home loan tenure and interest rates.
HDFC home loan EMI calculator will give an approximate figure for the total monthly installment payments along with a complete break-up of the home loan repayment process. Estimate your EMIs to pay for your home loan by using our feature rich home loan EMI calculator, now!
In addition, you can also use home loan EMI calculator to gain access to an amortization table to strategize your repayment schedule in advance.
These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.