Home Loan EMI Calculator

• Home Loan EMI is the fixed amount a borrower has to pay every month towards the repayment of the Home Loan, comprising both principal and interest
• The borrower continues paying the EMI until the loan is fully repaid
• The EMI amount depends on various factors like the loan amount, interest, loan repayment tenure, credit score, location, job & others
• Use our free online Home Loan Calculator to know the right Home Loan and EMI amount for you

Following is the formula to calculate Housing Loan EMI

EMI = P x R x (1+R)^N / [(1+R)^N-1] 

Here,

• P is the borrowed principal Home Loan amount,
• N stands for Home Loan repayment tenure in months,
• R stands for rate of interest

You don't need to apply the above formula to calculate Home Loan EMIs manually. Instead, use AU Small Finance Bank's online Home Loan EMI Calculator and get instant results automatically.

The process has become much simpler now thanks to automated debit facilities like Standing Instructions or NACH (National Automated Clearing House) mandate.

• Under this system, your Home Loan account would be connected to your Bank Account
• The Home Loan EMI amount will be automatically debited from your Bank Account on a specific date and will be used to settle your EMI due for the month
• So ensure your Bank Account has adequate funds on the EMI payment date

• AU Small Finance Bank has a wide presence in rural and urban areas
• Attractive interest rates and no hidden charges
• Wide range of loan options - Click here to know all our home loan options
• Maximum loan tenure is up to 30 years for salaried employees & 20 years for self-employed individuals
• Doorstep services

• Opt for Floating Rate Loans

While fixed-rate loans ensure your interest rate does not change for the entire duration, they are typically higher than floating-rate loans. If you foresee that the interest rates will reduce in the future, opt for floating-rate loans.

Use the Housing Loan EMI Calculator to see the effect of different interest rates on your total EMI and interest outgo.

• Opt for Home Loan Balance Transfer

If you already have an existing Home Loan and find it to be expensive, you can opt for AU Small Finance Bank's Home Loan Balance Transfer option to get loans at competitive rates and reduce your loan burden.

• Improve Your Credit Score

A good credit score suggests high creditworthiness and reliability of the borrower. So, a higher credit score can help you get low-interest rates on your loan.