# Question: How To Calculate House Loan Emi?

## How is Home Loan EMI calculated?

The EMI (or Equated Monthly Instalment) of your loan consists of the principal portion and the interest. Therefore, EMI = principal amount + interest paid on the loan. The EMI, usually, remains fixed for the entire tenure of your loan and it is to be repaid over the tenure of the loan on a monthly basis.

## What is the EMI for 20 lakhs home loan?

EMI on a 20 lakh home loan for 20 years

Loan Amount Interest rate EMI
Rs. 20 lakh 6.75%* Rs.19,300

## What is EMI per lakh for home loan?

At the lowest home loan rate of 6.65% the lowest EMI for a maximum tenure of 30 Years years is ₹ 642 per lakh. You will pay an interest of ₹ 1,31,120 over a period of 30 Years years. If you decide to take a loan for 15 years only, you will pay a higher EMI of ₹ 879.

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## What is the EMI for 25 lakhs home loan?

25 Lakh Home Loan EMI Details

Repayment Period EMI Per Month
10 Years Rs. 28770
15 Years Rs. 22192
20 Years Rs. 19083
25 Years Rs. 17352

## What is the EMI for 35 lakhs home loan?

EMI Calculations for Loan Amounts lower than Rs. 40 Lakh

Loan Details Tenor of 20 Years Tenor of 15 Years
35 lakh home loan EMI Rs.33,776 Rs.37,611
32 lakh home loan EMI Rs.30,881 Rs.34,387
30 lakh home loan EMI Rs.28,951 Rs.32,238

## How is monthly EMI calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months. The higher the loan amount or interest rate, the higher is the EMI payments and vice versa.

## What is the EMI for 20 lakhs?

EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:

Tenure Options EMI Per Month
10 Years Rs. 23,016
15 Years Rs. 17,754
20 Years Rs. 15,267
25 Years Rs. 13,881

## What is the EMI for 20 lakhs home loan in SBI?

SBI Home Loan EMI Calculation

Amount 10 years 30 years
Rs.10 lakh Rs.11,508 Rs.6,519
Rs. 20 lakh Rs.23,016 Rs.13,039
Rs.40 lakh Rs.46,032 Rs.26,077
Rs.50 lakh Rs.57,540 Rs.32,596

## How much loan I can get if my salary is 25000?

Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.

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## What is the EMI for 15 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different Tenors

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 15 Years
Rs. 15,00,000 19,823 16,119

## What is the EMI for 6 lakhs home loan?

Note*; EMI Calculated on 8.00% Rate of Interest. 6 Lakh Home Loan EMI Details.

Repayment Period EMI Per Month
25 Years Rs. 4632
30 Years Rs. 4404

## What is the EMI for 50 lakhs home loan?

Details of a 50 Lakh Home Loan EMI Plan For instance, the EMI for 50 lakhs home loan for 20 years at an interest rate of 10% is just Rs. 48,251.

## Can I get home loan with 15000 salary?

If you are looking for a home loan at an income of Rs. 15,000, then you should keep in your mind that how much amount you can borrow or eligible to borrow is totally at the banks discretion.