# IIFL Home Loan EMI Calculator

Want to know your IIFL home loan EMIs, but not want to get involved in hefty calculations? You will be delighted to know that you can use an automatic tool, that is known as a home loan EMI calculator. This tool lets you know your EMIs on a prior basis instantly with one click. IIFL Home Loan EMI Calculator is a simple tool that is used to calculate your home loan EMIs.

## What factors influence your home loan EMI?

Your home loan EMI depends on three factors that are mentioned below-

• Interest Rate
• Loan Tenure
• Loan Amount

You need to alter any of these mentioned factors to get a suitable EMI for your home loan based on your repayment capacity.

## IIFL Home Loan EMI Calculator

What you need to do is enter your desired loan amount, loan tenure and the rate of interest on your IIFL home loan. Because EMIs are calculated on a monthly basis, the house loan tenure and the rate of interest will also be entered according to the monthly basis. The IIFL home loan EMI calculator will let you know your exact EMIs, the total interest you will be paying throughout the loan and the balance amount that would be left each year.

For example, Mr Batra took a home loan of Rs 30 lakhs for 15 years with an interest rate of 8.85%. Let us have a look at the monthly EMI of Mr Batra and the total interest he will be paying throughout the loan tenure.

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

### IIFL Home Loan EMI Calculation Formula

You can calculate your IIFL Home loan EMIs using the below mentioned formula-

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
P = Principal Home Loan Amount
R = Monthly Interest Rate
N = Loan tenure (in months)

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 30,00,0008.85%1₹ 2,62,146₹ 1,45,750₹ 31,45,750
₹ 30,00,0008.85%2₹ 1,36,848₹ 2,84,348₹ 32,84,348
₹ 30,00,0008.85%3₹ 95,190₹ 4,26,836₹ 34,26,836
₹ 30,00,0008.85%4₹ 74,442₹ 5,73,198₹ 35,73,198
₹ 30,00,0008.85%5₹ 62,057₹ 7,23,414₹ 37,23,414
₹ 30,00,0008.85%6₹ 53,854₹ 8,77,455₹ 38,77,455
₹ 30,00,0008.85%7₹ 48,039₹ 10,35,290₹ 40,35,290
₹ 30,00,0008.85%8₹ 43,718₹ 11,96,882₹ 41,96,882
₹ 30,00,0008.85%9₹ 40,391₹ 13,62,186₹ 43,62,186
₹ 30,00,0008.85%10₹ 37,760₹ 15,31,155₹ 45,31,155
₹ 30,00,0008.85%11₹ 35,634₹ 17,03,735₹ 47,03,735
₹ 30,00,0008.85%12₹ 33,888₹ 18,79,869₹ 48,79,869
₹ 30,00,0008.85%13₹ 32,433₹ 20,59,496₹ 50,59,496
₹ 30,00,0008.85%14₹ 31,206₹ 22,42,549₹ 52,42,549
₹ 30,00,0008.85%15₹ 30,161₹ 24,28,959₹ 54,28,959
₹ 30,00,0008.85%16₹ 29,264₹ 26,18,654₹ 56,18,654
₹ 30,00,0008.85%17₹ 28,488₹ 28,11,558₹ 58,11,558
₹ 30,00,0008.85%18₹ 27,813₹ 30,07,593₹ 60,07,593
₹ 30,00,0008.85%19₹ 27,222₹ 32,06,678₹ 62,06,678
₹ 30,00,0008.85%20₹ 26,703₹ 34,08,731₹ 64,08,731
₹ 30,00,0008.85%21₹ 26,245₹ 36,13,669₹ 66,13,669
₹ 30,00,0008.85%22₹ 25,839₹ 38,21,404₹ 68,21,404
₹ 30,00,0008.85%23₹ 25,478₹ 40,31,852₹ 70,31,852
₹ 30,00,0008.85%24₹ 25,156₹ 42,44,926₹ 72,44,926
₹ 30,00,0008.85%25₹ 24,868₹ 44,60,537₹ 74,60,537
₹ 30,00,0008.85%26₹ 24,611₹ 46,78,599₹ 76,78,599
₹ 30,00,0008.85%27₹ 24,380₹ 48,99,024₹ 78,99,024
₹ 30,00,0008.85%28₹ 24,172₹ 51,21,726₹ 81,21,726
₹ 30,00,0008.85%29₹ 23,985₹ 53,46,619₹ 83,46,619
₹ 30,00,0008.85%30₹ 23,816₹ 55,73,616₹ 85,73,616

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

YearPrincipalInterestBalance Amount
1₹ 21,130₹ 2,64,657₹ 29,78,869
2₹ 23,078₹ 2,62,709₹ 29,55,790
3₹ 25,205₹ 2,60,581₹ 29,30,585
4₹ 27,529₹ 2,58,258₹ 29,03,055
5₹ 30,066₹ 2,55,720₹ 28,72,988
6₹ 32,838₹ 2,52,949₹ 28,40,150
7₹ 35,865₹ 2,49,922₹ 28,04,284
8₹ 39,171₹ 2,46,616₹ 27,65,113
9₹ 42,782₹ 2,43,005₹ 27,22,330
10₹ 46,726₹ 2,39,061₹ 26,75,604
11₹ 51,033₹ 2,34,754₹ 26,24,571
12₹ 55,737₹ 2,30,050₹ 25,68,834
13₹ 60,875₹ 2,24,912₹ 25,07,958
14₹ 66,486₹ 2,19,300₹ 24,41,471
15₹ 72,615₹ 2,13,172₹ 23,68,856
16₹ 79,309₹ 2,06,478₹ 22,89,547
17₹ 86,619₹ 1,99,167₹ 22,02,927
18₹ 94,604₹ 1,91,183₹ 21,08,322
19₹ 1,03,325₹ 1,82,462₹ 20,04,997
20₹ 1,12,849₹ 1,72,938₹ 18,92,148
21₹ 1,23,251₹ 1,62,535₹ 17,68,896
22₹ 1,34,613₹ 1,51,174₹ 16,34,283
23₹ 1,47,021₹ 1,38,765₹ 14,87,261
24₹ 1,60,574₹ 1,25,213₹ 13,26,687
25₹ 1,75,375₹ 1,10,411₹ 11,51,311
26₹ 1,91,541₹ 94,245₹ 9,59,769
27₹ 2,09,198₹ 76,589₹ 7,50,571
28₹ 2,28,481₹ 57,305₹ 5,22,089
29₹ 2,49,543₹ 36,244₹ 2,72,546
30₹ 2,72,721₹ 13,241₹ 0

### 1. How is EMI calculated for IIFL home loan?

The IIFL home loan EMI is computed based on the applicant’s loan tenure, principal loan amount, and interest rate. To calculate the home loan EMI, enter all this information in the Home loan EMI calculator in order to calculate the IIFL Home Loan EMI.

### 2. How can I pay my IIFL home loan EMI online?

You can pay your IIFL home loan EMI using the UPI or the net banking facility, or by visiting the official bank’s website.

### 3. Can we pay more than EMI in home loan IIFL?

Yes, you can prepay your home loan EMI if you have enough funds.

### 4. What happens if IIFL home loan EMI is missed?

The bank will charge you a certain fee for late payment of your EMI. Also, missing the EMI payments reduces your CIBIL score.

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