Bank of Baroda Home Loan EMI Calculator Feb 2023 - Wishfin

# Bank of Baroda Home Loan EMI Calculator

Are you in a search of a smart and time-saving tool that calculates your EMIs? If yes, all you need to know about Bank of Baroda Home Loan EMI Calculator. Yes, this magical and effective online device with its fastest algorithms allows you to know the exact calculations of your EMI, Interest Outgo and Total Amount Payable. A user needs to feed:

• Interest Rate
• Tenure
• Loan Amount

Soon after feeding these values, the calculator fetches the values for you in just a few seconds. The device functions so seamless and quick that you don’t need to bother at all. This amazing tool due to its  24×7 online availability is always there to make your home loan journey a hassle-free experience.

EMI Calculator for Home Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Results
 Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

## Bank of Baroda Home Loan EMI Calculator

In order to have more clarity on the same, let’s just take a look at the example below.

Suppose, Ruchi Verma, a 30-year-old, Senior Content Writer in a Company is looking for a home loan of INR 30 Lakh to buy a home in New Delhi. She has applied for the same and BOB has agreed to offer the home loan at an interest rate of 8.30% per annum for a tenure of 30 years. But before saying yes to the lender, Ruchi wants to know the exact calculations of her EMIs. She wants to know whether her monthly installments are going to be pocket-friendly or not? Thus, she used a home loan EMI Calculator for the same. So, let’s see the results in the table below.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 30,00,0008.30%1₹ 2,61,382₹ 1,36,579₹ 31,36,579
₹ 30,00,0008.30%2₹ 1,36,093₹ 2,66,225₹ 32,66,225
₹ 30,00,0008.30%3₹ 94,425₹ 3,99,294₹ 33,99,294
₹ 30,00,0008.30%4₹ 73,662₹ 5,35,774₹ 35,35,774
₹ 30,00,0008.30%5₹ 61,261₹ 6,75,649₹ 36,75,649
₹ 30,00,0008.30%6₹ 53,040₹ 8,18,898₹ 38,18,898
₹ 30,00,0008.30%7₹ 47,208₹ 9,65,497₹ 39,65,497
₹ 30,00,0008.30%8₹ 42,869₹ 11,15,414₹ 41,15,414
₹ 30,00,0008.30%9₹ 39,524₹ 12,68,618₹ 42,68,618
₹ 30,00,0008.30%10₹ 36,876₹ 14,25,069₹ 44,25,069
₹ 30,00,0008.30%11₹ 34,733₹ 15,84,728₹ 45,84,728
₹ 30,00,0008.30%12₹ 32,969₹ 17,47,548₹ 47,47,548
₹ 30,00,0008.30%13₹ 31,497₹ 19,13,481₹ 49,13,481
₹ 30,00,0008.30%14₹ 30,253₹ 20,82,476₹ 50,82,476
₹ 30,00,0008.30%15₹ 29,192₹ 22,54,477₹ 52,54,477
₹ 30,00,0008.30%16₹ 28,278₹ 24,29,428₹ 54,29,428
₹ 30,00,0008.30%17₹ 27,487₹ 26,07,267₹ 56,07,267
₹ 30,00,0008.30%18₹ 26,796₹ 27,87,934₹ 57,87,934
₹ 30,00,0008.30%19₹ 26,190₹ 29,71,363₹ 59,71,363
₹ 30,00,0008.30%20₹ 25,656₹ 31,57,488₹ 61,57,488
₹ 30,00,0008.30%21₹ 25,183₹ 33,46,242₹ 63,46,242
₹ 30,00,0008.30%22₹ 24,763₹ 35,37,555₹ 65,37,555
₹ 30,00,0008.30%23₹ 24,389₹ 37,31,358₹ 67,31,358
₹ 30,00,0008.30%24₹ 24,054₹ 39,27,579₹ 69,27,579
₹ 30,00,0008.30%25₹ 23,754₹ 41,26,148₹ 71,26,148
₹ 30,00,0008.30%26₹ 23,484₹ 43,26,991₹ 73,26,991
₹ 30,00,0008.30%27₹ 23,241₹ 45,30,037₹ 75,30,037
₹ 30,00,0008.30%28₹ 23,021₹ 47,35,214₹ 77,35,214
₹ 30,00,0008.30%29₹ 22,823₹ 49,42,450₹ 79,42,450
₹ 30,00,0008.30%30₹ 22,644₹ 51,51,673₹ 81,51,673

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 23,607₹ 2,48,115₹ 29,76,392
2₹ 25,642₹ 2,46,080₹ 29,50,750
3₹ 27,853₹ 2,43,868₹ 29,22,896
4₹ 30,255₹ 2,41,467₹ 28,92,640
5₹ 32,864₹ 2,38,858₹ 28,59,775
6₹ 35,698₹ 2,36,024₹ 28,24,076
7₹ 38,777₹ 2,32,945₹ 27,85,299
8₹ 42,121₹ 2,29,601₹ 27,43,178
9₹ 45,753₹ 2,25,969₹ 26,97,425
10₹ 49,698₹ 2,22,024₹ 26,47,726
11₹ 53,984₹ 2,17,738₹ 25,93,742
12₹ 58,639₹ 2,13,083₹ 25,35,103
13₹ 63,695₹ 2,08,027₹ 24,71,407
14₹ 69,188₹ 2,02,534₹ 24,02,219
15₹ 75,154₹ 1,96,568₹ 23,27,064
16₹ 81,635₹ 1,90,087₹ 22,45,429
17₹ 88,674₹ 1,83,048₹ 21,56,755
18₹ 96,321₹ 1,75,401₹ 20,60,433
19₹ 1,04,627₹ 1,67,095₹ 19,55,806
20₹ 1,13,649₹ 1,58,073₹ 18,42,157
21₹ 1,23,449₹ 1,48,273₹ 17,18,707
22₹ 1,34,094₹ 1,37,628₹ 15,84,613
23₹ 1,45,657₹ 1,26,065₹ 14,38,955
24₹ 1,58,218₹ 1,13,504₹ 12,80,736
25₹ 1,71,861₹ 99,861₹ 11,08,875
26₹ 1,86,681₹ 85,041₹ 9,22,194
27₹ 2,02,779₹ 68,943₹ 7,19,414
28₹ 2,20,265₹ 51,457₹ 4,99,149
29₹ 2,39,258₹ 32,464₹ 2,59,890
30₹ 2,60,046₹ 11,832₹ 0

### Bank of Baroda Home Loan EMI Calculation Formula

The calculator uses the below formula to calculate an EMI.

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

EMI = Equated Monthly Installment

P = Principal Loan Amount

R = Monthly Interest Rate

N = Number of Monthly Installments

### 1. How is EMI calculated for Bank of Baroda home loan?

The Bank of Baroda home loan EMI is computed based on the applicant’s loan tenure, principal loan amount, and interest rate. You will just have to enter all this information in the Home loan EMI calculator in order to calculate the Bank of Baroda Home Loan EMI.

### 3. Can we pay more than EMI in home loan Bank of Baroda?

Yes. you can pay more than your EMI in your home loan. The bank allows you to prepay your loan, provided that you have paid at least 12 initial EMIs. However, there is a limit on the number of times you can prepay your loan in a year.

### 4. What happens if Bank of Baroda home loan EMI is missed?

If you miss your Bank of Baroda home loan EMI, it will reduce your credit score firstly, which is not good for your credit health. Also, you will be required to pay a certain fine for late payment, as stated by the bank.

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