# Federal Bank 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
• Manage your finances according to your EMI payments on home loans.

A loan calculator is very helpful for everyone who is applying for any loan. This tool is free to use and is accessible online which makes it convenient and within the reach of the mass. At Federal Bank, you get the option to choose the tenure as per your choice so that you can pay the EMI for the whole tenure without any interruption. Also, if you have a running home loan from other bank, you can balance transfer to pay much lower EMI. Below is the graphical representation of the EMI to give you an idea of how this tool works. You can change the values as per your research.

## Federal Bank Home Loan EMI Calculator

In an EMI calculator, you have to mention the basic details such as the loan amount, tenure and the rate of interest. On the basis of these details, the calculator shows the result for EMI, total interest outgo and the total repayment amount which is the sum of the principal and the interest. Below is an example for your basic understanding.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount
₹ 20,00,000 9.50% 1 ₹ 1,75,367 ₹ 1,04,404 ₹ 21,04,404
₹ 20,00,000 9.50% 2 ₹ 91,829 ₹ 2,03,896 ₹ 22,03,896
₹ 20,00,000 9.50% 3 ₹ 64,066 ₹ 3,06,372 ₹ 23,06,372
₹ 20,00,000 9.50% 4 ₹ 50,246 ₹ 4,11,821 ₹ 24,11,821
₹ 20,00,000 9.50% 5 ₹ 42,004 ₹ 5,20,223 ₹ 25,20,223
₹ 20,00,000 9.50% 6 ₹ 36,549 ₹ 6,31,555 ₹ 26,31,555
₹ 20,00,000 9.50% 7 ₹ 32,688 ₹ 7,45,789 ₹ 27,45,789
₹ 20,00,000 9.50% 8 ₹ 29,822 ₹ 8,62,890 ₹ 28,62,890
₹ 20,00,000 9.50% 9 ₹ 27,619 ₹ 9,82,822 ₹ 29,82,822
₹ 20,00,000 9.50% 10 ₹ 25,880 ₹ 11,05,541 ₹ 31,05,541
₹ 20,00,000 9.50% 11 ₹ 24,477 ₹ 12,31,002 ₹ 32,31,002
₹ 20,00,000 9.50% 12 ₹ 23,327 ₹ 13,59,155 ₹ 33,59,155
₹ 20,00,000 9.50% 13 ₹ 22,371 ₹ 14,89,945 ₹ 34,89,945
₹ 20,00,000 9.50% 14 ₹ 21,567 ₹ 16,23,316 ₹ 36,23,316
₹ 20,00,000 9.50% 15 ₹ 20,884 ₹ 17,59,209 ₹ 37,59,209

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

Year Principal Interest Balance Amount
1 ₹ 63,324 ₹ 1,87,290 ₹ 19,36,675
2 ₹ 69,608 ₹ 1,81,005 ₹ 18,67,067
3 ₹ 76,517 ₹ 1,74,097 ₹ 17,90,549
4 ₹ 84,111 ₹ 1,66,502 ₹ 17,06,438
5 ₹ 92,459 ₹ 1,58,155 ₹ 16,13,978
6 ₹ 1,01,635 ₹ 1,48,978 ₹ 15,12,343
7 ₹ 1,11,722 ₹ 1,38,891 ₹ 14,00,620
8 ₹ 1,22,811 ₹ 1,27,803 ₹ 12,77,809
9 ₹ 1,34,999 ₹ 1,15,614 ₹ 11,42,809
10 ₹ 1,48,398 ₹ 1,02,216 ₹ 9,94,411
11 ₹ 1,63,126 ₹ 87,488 ₹ 8,31,285
12 ₹ 1,79,316 ₹ 71,298 ₹ 6,51,969
13 ₹ 1,97,112 ₹ 53,501 ₹ 4,54,856
14 ₹ 2,16,675 ₹ 33,938 ₹ 2,38,180
15 ₹ 2,38,344 ₹ 12,434 ₹ 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