Loan Calculator

LOAN CALCULATOR
E. M. I. CALCULATOR


We are here to help you to calculate the amount you need to pay each month for a amount taken as loan.

An important part of your Housing Loan is the (EMI’s) Equated Monthly Installments that you will be required to make, in order to get the best indication amount for this final decision, it is important to use a Housing Loan Calculator.

With our Housing Loan EMI Calculator, you can now get indication amount for the total payments dues. The calculations results given by the Home Loan Calculator are based on the loan amount, tenure of loan, with the interest rates are being levied on the same.

With our latest tool EMI Calculator for Housing Loan, you can get a reasonable understanding about the ratio of the principal amount to the interest due, based on the effect of the Housing Loan tenure and interest rates.

You can also plan your repayment schedule carefully. It should be noted though, that Housing Loan Calculators in Maharashtra give only approximate values and should not be treated as absolute or final calculations.

How much do I need to pay as EMI  
  You will have to pay Rs. 
   
How much Intrest I have to pay on the loan  
  You will have to pay total intrest of Rs.    for Years / ( ) months
   
What will be Monthly Intrest in E. M. I.  
  Your monthly intrest will be Rs. 
   
What will be Monthly Principal Amount in E. M. I.  
  Your monthly principal amount is Rs. 
   
What shall be my Principal + Intrest Amount  
  Your principal + intrest amount is Rs. 

Loan amount needed by me is Rs.
Rate of Intrest charged by Bank / Finicial Institution
Loan Re-Payment Tenure In (Years) Only:
 


.:: TAX BENEFIT UNDER HOUSING LOAN ::.

As under Indian Income Tax Rules, the applicable is exemption u/s 24 B, is Rs. 1.5 Lacs,in case of a self-occupied house for the first time home loan takers If the house is purchased on the joint name with your spouse and yourself (as joint loan), then each one can avail of Amount Paid in a Financial Year and up to Rs. 1 Lac for the Principal Amount Re-paid in the same year.

Thus up to Rs. 2.5 Lacs is Tax Exempted, which helps you to save Rs. 50,000 to Rs. 70,000 Tax Annually.

If you want to know much more about Income Tax benefit on second home loan etc. Consult the professionals in the respective fields.

We always recommend to our valuable users to obtain the proper Legal Advice from the professionals Charted Accountants or Housing Loan Consultants.

Loan Calculator


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