Home Loan EMI Calculator

Every home loan journey begins with understanding what lies ahead, especially when it comes to monthly repayments. Our EMI Calculator is more than just a tool; it's your first step towards realizing your dream home. It helps you peek into the future of your finances, showing you how much you'll contribute towards your home every month.

Remember, while our calculator gives you a glimpse into your financial future, it paints with broad strokes—an estimation to guide your planning. With Sammaan Capital, you're not just calculating EMIs; you're sketching the blueprint of your future home.

How Is It Done?

How is EMI Calculated?

To calculate your EMI amount, we use the following formula:

Where:

• P = Principal loan amount
• N = Loan tenure in months
• R = Monthly interest rate

The rate of interest (R) on your loan is calculated per month.
R = Annual Rate of Interest / 12 / 100

i.e: If the rate of interest is 7.2% p.a., then R = 7.2 / 12 / 100 = 0.006.

Understand it better with an example: If you borrow ₹10,00,000 at an annual interest rate of 7.2%, your monthly rate (R) becomes 0.006(that's 7.2% divided by 12, then divided by 100) .

Your EMI will be calculated as under:

EMI = ₹10,00,000 × 0.006 × (1 + 0.006)¹²⁰ / ((1 + 0.006)¹²⁰ − 1) = ₹11,714

The total amount payable will be ₹11,714 × 120 = ₹14,05,703. This includes the Principal loan amount of ₹10,00,000 and an Interest amount of ₹4,05,703.