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  Home Loans

Home is where the heart is - owning a home is a lifelong dream for most of the people. Not long ago, turning this dream into a reality was a daunting task for the common man with property rates going north all the time. But now, thanks to the proliferation of home loans and housing finance companies, one can aspire to own a roof over one's head.

Not only are home loans easily available, with intense competition in the housing finance industry, companies are pulling out all the stops to lure the potential customers. Interest rates have drastically come down over the years and innovative home loan products have swamped the market.

EMI Calculator


Loan Amount*

Loan Tenure (Months)*

Interest Rate (Reducing)*

Monthly Payment (EMI)



Calculated Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Our EMI calculator is easy to use and is quick to perform. Use our EMI calculator as a guide before availing for any kind of loan. EMI calculator let's you judge how affordable a loan can be for you. Always use the calculator to get a quick quote on your EMIs. If the quote satisfies you, then apply accordingly. It is this simple.

• Enter the loan amount you wish to avail in the EMI calculator.
• Then enter the loan tenure (months).
• And the rate of interest (reducing).
• Press "calculate".
• Our EMI calculator will tell you just how much your EMI amount comes to.

Along with your EMI you also get results like :
• total amount with interest.
• flat interest rate PA / PM.
• total interest amount.
• yearly interest amount.

And if you think the EMI is a bit more than you can afford, you could always re-calculate.
This time enter either less loan amount or longer loan tenure in the calculator.
You can also continue to re-calculate until our calculator gives you an EMI that you are satisfied with.

Also remember to compare quotes from different banks.
You can do this by entering the loan amount and the rate of interest with the loan tenure of, say bank "A". See how much it amounts to.
Then do the same again of bank "B". Whichever suits your needs and fits your wants, apply.

In today’s scenario banks are coming your way with bouquet of offer for your loan requirements. To have a finest deal from these banks one should ponder to following points before cracking a deal.
Don’t be corrupted by paying high EMIs at low rate of interest
Better compare EMIs with same tenure
And then with rate of interest

(1)Check your reimbursement power (EMI) : You repay the loan in equated monthly installments, or EMI, consist of principal as well as interest as its constituent. Since you pay an equal amount month after Month, these payments are called equal monthly installments. The EMI depends on the amount of the loan, the interest rate and the term of the loan. It Is an unequal combination of principal repayment and interest cost every month. In the Beginning bank recovers their interest payments and gradually more of the principal repayment by the end of the loan tenure. EMI amount should range maximum to the 40% of your monthly income. One should consider offers from various banks as it may differ from one bank to another bank. Your involvement into the process might end up in a win- win situation for you.

(2)Market around (Rate of interest): Today there are many lenders in the market. Every bank is offering loans Whether it’s a nationalized bank, private bank or foreign bank each of them is there in the show. Every bank offers different rate of interest according to the profile of the customer. So, before finalizing a deal one should consider deals from various banks and than come to a conclusion. And aware of the fact that some people might mislead you by charging high rate of interest at reducing rate and might inform the same at flat rate of interest. So, its always advisable to check full detail with the banks and do better comparison in respect of EMIs , Tenure and rate of interest and keeping tenure as constant with all the banks will ease your comparison and will result in better analysis, finally leading to a prudent decision.

(3)Tenure: It’s one of the most important factors that one should keep in mind while taking loan. It refers to the no. of years for which the loan has been taken. Longer the tenure higher will be the interest paid and lower will be amount of EMI to be paid and vice-a-versa. It is one of the parameters which helps in comparing the EMIs from different banks keeping it constant for relationship and easing the judgment.

(4)Loan Disbursal Time: Loan disbursal time is the period in which loan is processed and the customer receives the demand draft from the bank. Disbursal time differs from one bank to another bank. Its an important factor because there is always a reason behind taking a loan if the opportunity of that objective is lost than its of no use better ask your bank the Turn Around Time and take the loan considering your urgency or better plan it in advance.

(5)Processing Fee, Administrative Charges & Pre-Payment Charges: When you Borrow, Your loan carries other charges as well apart from interest that may include Processing Fee which bank charges to process your file and pays to the processing hubs, charges may vary from 1-2% of the loan amount sanctioned by bank. Besides this there is Pre-Payment Charges also which loan carries for the Pre-Closure of the Loan it’s always advisable to take loan which has no penalty for the pre-closure of loan because it might happen in the long-run you have enough money to pay your debt and thereby save interest on the same else you can have the opportunity to get your loan transferred at low rate of interest.

(6)Insurance Facility: Some bank offers insurance facility by charging small amount of premium which is added to the EMI paid for the loan amount and the person is insured for the amount he has taken loan and incase something unexpected happens. Assured amount will be given to the bank without burdening the members of the family.


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