Home Loan EMI Calculator
Determine the EMI on your home loan using Piramal Finance Home Loan EMI Calculator
₹
5L5Cr
Years
5Y30Y
%
10.50%20%
Your home loan EMI is
Principal amount
₹0
Interest amount
₹0
Disclaimer
Results generated by the calculator is indicative in nature. Piramal Capital Housing Finance Limited (“PCHFL”) does not guarantee accuracy, commitment, undertaking, completeness, or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy.
The calculator is only a tool that assists the users to arrive at results of various illustrative scenarios generated from the data input by the users. The user should exercise due care and caution (including if necessary, obtaining of advise of tax/legal/accounting/financial/other professionals) prior to taking of any decision, acting, or omitting to act, on the basis of the information contained/data generated herein.
PCHFL does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against PCHFL. Neither PCHFL nor any of its agents or licensors or group companies shall be liable to user/any third party, for any direct, indirect, Incidental, special, or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/information contained/data generated herein.
The calculator is only a tool that assists the users to arrive at results of various illustrative scenarios generated from the data input by the users. The user should exercise due care and caution (including if necessary, obtaining of advise of tax/legal/accounting/financial/other professionals) prior to taking of any decision, acting, or omitting to act, on the basis of the information contained/data generated herein.
PCHFL does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against PCHFL. Neither PCHFL nor any of its agents or licensors or group companies shall be liable to user/any third party, for any direct, indirect, Incidental, special, or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/information contained/data generated herein.
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Features & Benefits of Home Loan EMI Calculator
Using an EMI calculator for home loans will mean that you can get accurate results instantly. When you know how much to pay each month, you can handle your money well and repay the loan easily. 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 we avoid time-consuming manual calculations.
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.
Frequently asked questions
What is EMI?
EMI or Equated Monthly Instalment refers to the amount that you need to repay to the lender every month during the tenure of the loan. The principal amount, rate of interest, as well as loan tenure, has an impact on loan EMIs.
What are the benefits of using an EMI calculator for a home loan?
Using an EMI calculator for home loans will mean that you can get accurate results instantly. When you know the amount that you need to repay every month, you can manage your finances accordingly to smoothly repay the loan.
What effect do part-prepayments have on your EMIs?
Part payments can lower your EMI amounts and the total interest paid despite the frequency of payments. Even if your lender charges you extra for prepayment, you will still benefit from paying back a considerable amount regularly.
How does your home loan repayment work?
After taking a home loan, the total amount payable comprises your principal amount and interest accumulated on it. The amount that you need to repay gets divided across each month throughout the tenure of the loan and is known as EMI. You need to pay the EMI to your lender on a fixed date every month.
What documents are necessary to apply for a home loan?
You need to submit the following documents to apply for a home loan:
Identity proof (Aadhaar card, Voter's ID card, Driving license, Passport, etc.) Address proof (Aadhaar card, Voter's ID card, Driving license, Passport, Utility bills like electricity bill, telephone bill, and more) Property papers (agreement of sale, builder's NOC, construction cost estimate, possession certificate, bank statement, occupancy certificate for apartments) Proof of income for employees (recent monthly income slips, bank statements, Form 16, property document used as collateral) Self-employed individuals need to provide proof of income. This includes tax returns from the previous two years, bank statements from the last six months, and audited financials if necessary. Passport-size photographs
What is a home loan, and how does it work?
A home loan provides you with the capital required to purchase your dream home. A home loan is an affordable option for purchasing a house. It offers low interest rates and allows for a longer repayment period.
At Piramal Finance, you will come across a smooth and easy home loan application process. The documentation requirements for a home loan are minimal, but you must add a co-applicant.
At Piramal Finance, you will come across a smooth and easy home loan application process. The documentation requirements for a home loan are minimal, but you must add a co-applicant.
What is the maximum home loan that I can get?
At Piramal Finance, the maximum home loan can go up to 2 crores. The exact amount that you qualify for will depend on your income, the cost of the property, and more.
How can I reduce my home loan EMI?
Remember that extending your home loan tenure can reduce your EMIs considerably. Additionally, you can make partial prepayments whenever possible to reduce the EMIs.
What are the tax benefits of paying home loan EMIs?
How do I repay a home loan?
To repay a home loan, you will have to make monthly payments to your lender for a specific period. The EMI that you need to pay every month depends on the loan tenure, principal amount, and rate of interest.
How can I get an estimate of the loan amount?
If you want an estimate of the loan amount, you can use the Piramal Finance home loan interest calculator. It's easy to use, and you only need to enter a few specific details to receive accurate results instantly.
Can I get a home loan for the entire amount?
According to RBI guidelines, you cannot get the entire home loan amount. At Piramal Finance, you can get up to 80% to 90% of the price of the property. You will have to make the down payment on the remaining amount from your own pocket.
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Registered Address: 601, 6th Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (W) Mumbai MH 400070
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