Calculate your home loan EMI, total interest payable and total repayment. Works for home loans and car loans across any tenure.
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A home loan is usually the largest and longest loan you will ever take, so even a small rate change has a big impact on your total interest. This calculator uses the standard reducing-balance EMI formula to show your monthly payment and the full cost of the loan over its tenure.
Insight: over a 20-30 year home loan, the total interest can equal or exceed the principal itself. A shorter tenure or part-prepayments can save you lakhs.
Compare rates across lenders, negotiate using your credit score, and make periodic part-prepayments to cut the interest dramatically. Even one extra EMI a year can shorten your loan by years.
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