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Home Loan EMI Calculator - Sonawane Group

EMI Calculator

Estimate your monthly loan payments and view a breakdown of the principal, interest, and balance.

Loan Details

EMI Result

Monthly EMI: ₹0.00

Total Repayment: ₹0.00

EMI Breakdown

Month Principal Paid (₹) Interest Paid (₹) Remaining Balance (₹)

Frequently Asked Questions

An EMI Calculator is a tool that helps you calculate your monthly loan repayment, including the principal and interest components.

EMI is calculated using the formula: EMI = [P x R x (1+R)^N] / [(1+R)^N-1], where P is the loan amount, R is the monthly interest rate, and N is the tenure in months.

Yes, you can download your EMI schedule in Excel format by clicking on the "Download EMI Schedule" button after calculation.

EMI is affected by factors such as the loan amount, interest rate, and loan tenure. Higher interest rates or loan amounts lead to higher EMIs, while longer tenures reduce monthly EMIs but increase overall interest.

Missing an EMI payment can result in penalties, affect your credit score, and might lead to legal action from the lender if payments are not resumed. It’s important to consult your lender immediately in such cases.

Yes, most lenders allow prepayment of loans. Prepayment can reduce your outstanding principal, leading to either lower EMIs or shorter loan tenure. Check for any prepayment charges before proceeding.
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