# Question: How To Calculate House Loan Emi?

Contents

- 1 How is Home Loan EMI calculated?
- 2 What is the EMI for 20 lakhs home loan?
- 3 What is EMI per lakh for home loan?
- 4 What is the EMI for 25 lakhs home loan?
- 5 What is the EMI for 35 lakhs home loan?
- 6 How is monthly EMI calculated?
- 7 What is the EMI for 20 lakhs?
- 8 What is the EMI for 20 lakhs home loan in SBI?
- 9 How much loan I can get if my salary is 25000?
- 10 What is the EMI for 15 lakhs home loan?
- 11 What is the EMI for 6 lakhs home loan?
- 12 What is the EMI for 50 lakhs home loan?
- 13 Can I get home loan with 15000 salary?
- 14 How much loan can I get on 35000 salary?
- 15 What is the minimum salary for home loan?

## 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.

## 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 |

2

## 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 |

2

## 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.

## 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 |

4

## 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.

## How much loan can I get on 35000 salary?

Understand your salary:

Net Monthly Income (₹) | Loan Amount (₹) |
---|---|

₹ 30,000 | ₹ 17,09,806 |

₹ 35,000 | ₹ 20,46,586 |

₹ 40,000 | ₹ 23,83,366 |

₹ 50,000 | ₹ 30,56,926 |

2

## What is the minimum salary for home loan?

Home Loan Eligibility Criteria Age Limit for Salaried Individuals: 21 to 65 years. Age Limit for Self-Employed Individuals: 21 to 65 years. Minimum Salary: ₹10,000 p.m. Minimum business income: ₹2 lac p.a.