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.
| Loan Amount | |
| Interest Rate | |
| Tenure(Months) | |
| Monthly Instalment (EMI) | |
| Total Interest Amount | |
| Total Amount (Principal + Interest) |
| Year | Principal | Interest | Balance Amount |
|---|
Table of Contents
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 Amount | Interest Rate | Tenure | Monthly Instalment | Total Interest Amount | Total Amount |
|---|---|---|---|---|---|
| ₹ 30,00,000 | 8.30% | 1 | ₹ 2,61,382 | ₹ 1,36,579 | ₹ 31,36,579 |
| ₹ 30,00,000 | 8.30% | 2 | ₹ 1,36,093 | ₹ 2,66,225 | ₹ 32,66,225 |
| ₹ 30,00,000 | 8.30% | 3 | ₹ 94,425 | ₹ 3,99,294 | ₹ 33,99,294 |
| ₹ 30,00,000 | 8.30% | 4 | ₹ 73,662 | ₹ 5,35,774 | ₹ 35,35,774 |
| ₹ 30,00,000 | 8.30% | 5 | ₹ 61,261 | ₹ 6,75,649 | ₹ 36,75,649 |
| ₹ 30,00,000 | 8.30% | 6 | ₹ 53,040 | ₹ 8,18,898 | ₹ 38,18,898 |
| ₹ 30,00,000 | 8.30% | 7 | ₹ 47,208 | ₹ 9,65,497 | ₹ 39,65,497 |
| ₹ 30,00,000 | 8.30% | 8 | ₹ 42,869 | ₹ 11,15,414 | ₹ 41,15,414 |
| ₹ 30,00,000 | 8.30% | 9 | ₹ 39,524 | ₹ 12,68,618 | ₹ 42,68,618 |
| ₹ 30,00,000 | 8.30% | 10 | ₹ 36,876 | ₹ 14,25,069 | ₹ 44,25,069 |
| ₹ 30,00,000 | 8.30% | 11 | ₹ 34,733 | ₹ 15,84,728 | ₹ 45,84,728 |
| ₹ 30,00,000 | 8.30% | 12 | ₹ 32,969 | ₹ 17,47,548 | ₹ 47,47,548 |
| ₹ 30,00,000 | 8.30% | 13 | ₹ 31,497 | ₹ 19,13,481 | ₹ 49,13,481 |
| ₹ 30,00,000 | 8.30% | 14 | ₹ 30,253 | ₹ 20,82,476 | ₹ 50,82,476 |
| ₹ 30,00,000 | 8.30% | 15 | ₹ 29,192 | ₹ 22,54,477 | ₹ 52,54,477 |
| ₹ 30,00,000 | 8.30% | 16 | ₹ 28,278 | ₹ 24,29,428 | ₹ 54,29,428 |
| ₹ 30,00,000 | 8.30% | 17 | ₹ 27,487 | ₹ 26,07,267 | ₹ 56,07,267 |
| ₹ 30,00,000 | 8.30% | 18 | ₹ 26,796 | ₹ 27,87,934 | ₹ 57,87,934 |
| ₹ 30,00,000 | 8.30% | 19 | ₹ 26,190 | ₹ 29,71,363 | ₹ 59,71,363 |
| ₹ 30,00,000 | 8.30% | 20 | ₹ 25,656 | ₹ 31,57,488 | ₹ 61,57,488 |
| ₹ 30,00,000 | 8.30% | 21 | ₹ 25,183 | ₹ 33,46,242 | ₹ 63,46,242 |
| ₹ 30,00,000 | 8.30% | 22 | ₹ 24,763 | ₹ 35,37,555 | ₹ 65,37,555 |
| ₹ 30,00,000 | 8.30% | 23 | ₹ 24,389 | ₹ 37,31,358 | ₹ 67,31,358 |
| ₹ 30,00,000 | 8.30% | 24 | ₹ 24,054 | ₹ 39,27,579 | ₹ 69,27,579 |
| ₹ 30,00,000 | 8.30% | 25 | ₹ 23,754 | ₹ 41,26,148 | ₹ 71,26,148 |
| ₹ 30,00,000 | 8.30% | 26 | ₹ 23,484 | ₹ 43,26,991 | ₹ 73,26,991 |
| ₹ 30,00,000 | 8.30% | 27 | ₹ 23,241 | ₹ 45,30,037 | ₹ 75,30,037 |
| ₹ 30,00,000 | 8.30% | 28 | ₹ 23,021 | ₹ 47,35,214 | ₹ 77,35,214 |
| ₹ 30,00,000 | 8.30% | 29 | ₹ 22,823 | ₹ 49,42,450 | ₹ 79,42,450 |
| ₹ 30,00,000 | 8.30% | 30 | ₹ 22,644 | ₹ 51,51,673 | ₹ 81,51,673 |
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| Year | Principal | Interest | Balance 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
