Karur Vysya Bank Home Loan EMI Calculator

₹ 50,000 ₹ 1,00,00,000
1.00 % 50.00 %
12 Months 50 years
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


  • Check EMI Calculator to Compute Installments
  • EMI Calculator - Draws Picture of Your Repayment Future

About Karur Vysya Bank Home Loan EMI Calculator

About Karur Vysya Bank Home Loan EMI Calculator

One of the most important due diligence you need to do is to check the expected EMI on your home loan. Since the loan runs long, it makes sense to get an idea of the EMI in advance so as to make the necessary adjustments in your daily budget to repay comfortably. Say thanks to digitization that you can find EMI calculator online to compute the installments on a loan.

What is EMI?

The equated monthly installments (EMIs) are a sum of principal and interest portions of a loan payable till the expiry of the tenure. So when you use the Home Loan EMI calculator online, it asks you to enter the following variables-
  • Loan Amount
  • Interest Rate
  • Loan Tenure

And if you believe, the EMI calculator is just for ascertaining the installments, you are in a myth. It goes beyond to compute the amount of interest a borrower would end up paying to Karur Vysya Bank.

EMI Calculation Formula

If you are good in mathematics, you can use the below formula to compute the EMI.

E = P . R . (1+R)^N/((1+R)^N – 1),

Where E = EMI
P = Principal Loan Amount
R = Interest Rate
N = Monthly Loan Tenure

However, an example would give a fair idea regarding the payout of EMI and interest on Karur Vysya Bank Home Loan.

Example – Ravi Chopra, a mid-level executive at a packaging firm in New Delhi, applied for a home loan of ₹35 lakh at Karur Vysya Bank. The bank, based on his eligibility, sanctioned him a loan at 9.90% interest rate for a period of 20 years. So what’s his EMI and interest outgo are going to be? Let’s find out.