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SMFG India Credit Home Loan EMI Calculator

₹ 50,000 ₹ 1,00,00,000
1.00 % 50.00 %
12 Months 50 years
RESULTS
Loan Amount ₹ 2,50,000
Interest Rate 10.99%%
Tenure(Months) 224
Monthly Instalment (EMI) ₹ 2,631
Total Interest Amount ₹ 3,39,334
Total Amount (Principal + Interest) ₹ 5,89,334

Highlights

  • Know your home loan EMIs in advance with EMI calculator.
  • Finalize your home loan by choosing the perfect EMI.

With the help of a loan calculator, you can check your payments in advance and be prepared accordingly. Below is an example with the default value on the loan and check your EMIs in advance if you apply for a home loan at SMFG India.

SMFG India Home Loan EMI Calculator

A loan calculator is an online tool which takes into account the basic details such as the loan amount, tenure and the interest rate. Since the calculator is to show the monthly EMI, it converts the annual rate of interest on the monthly rate and then shows the results. This tool is available online and can be used as many time as you wish till the time you are satisfied with the combination of tenure, rate and amount.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount
₹ 20,00,000 8.50% 1 ₹ 1,74,440 ₹ 93,275 ₹ 20,93,275
₹ 20,00,000 8.50% 2 ₹ 90,911 ₹ 1,81,872 ₹ 21,81,872
₹ 20,00,000 8.50% 3 ₹ 63,135 ₹ 2,72,863 ₹ 22,72,863
₹ 20,00,000 8.50% 4 ₹ 49,297 ₹ 3,66,237 ₹ 23,66,237
₹ 20,00,000 8.50% 5 ₹ 41,033 ₹ 4,61,984 ₹ 24,61,984
₹ 20,00,000 8.50% 6 ₹ 35,557 ₹ 5,60,087 ₹ 25,60,087
₹ 20,00,000 8.50% 7 ₹ 31,673 ₹ 6,60,530 ₹ 26,60,530
₹ 20,00,000 8.50% 8 ₹ 28,784 ₹ 7,63,289 ₹ 27,63,289
₹ 20,00,000 8.50% 9 ₹ 26,559 ₹ 8,68,340 ₹ 28,68,340
₹ 20,00,000 8.50% 10 ₹ 24,797 ₹ 9,75,657 ₹ 29,75,657
₹ 20,00,000 8.50% 11 ₹ 23,373 ₹ 10,85,207 ₹ 30,85,207
₹ 20,00,000 8.50% 12 ₹ 22,201 ₹ 11,96,960 ₹ 31,96,960
₹ 20,00,000 8.50% 13 ₹ 21,224 ₹ 13,10,879 ₹ 33,10,879
₹ 20,00,000 8.50% 14 ₹ 20,398 ₹ 14,26,926 ₹ 34,26,926
₹ 20,00,000 8.50% 15 ₹ 19,695 ₹ 15,45,062 ₹ 35,45,062

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

Year Principal Interest Balance Amount
1 ₹ 68,983 ₹ 1,67,354 ₹ 19,31,016
2 ₹ 75,081 ₹ 1,61,256 ₹ 18,55,934
3 ₹ 81,717 ₹ 1,54,620 ₹ 17,74,216
4 ₹ 88,941 ₹ 1,47,396 ₹ 16,85,275
5 ₹ 96,802 ₹ 1,39,535 ₹ 15,88,472
6 ₹ 1,05,359 ₹ 1,30,978 ₹ 14,83,113
7 ₹ 1,14,671 ₹ 1,21,666 ₹ 13,68,441
8 ₹ 1,24,807 ₹ 1,11,530 ₹ 12,43,634
9 ₹ 1,35,839 ₹ 1,00,498 ₹ 11,07,794
10 ₹ 1,47,846 ₹ 88,491 ₹ 9,59,947
11 ₹ 1,60,915 ₹ 75,422 ₹ 7,99,032
12 ₹ 1,75,138 ₹ 61,199 ₹ 6,23,893
13 ₹ 1,90,619 ₹ 45,718 ₹ 4,33,274
14 ₹ 2,07,468 ₹ 28,869 ₹ 2,25,806
15 ₹ 2,25,945 ₹ 10,531 ₹ 0

What is the formula used for EMI calculation?

The calculation in the EMI calculator is done through the below-given formula:

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