# Reliance Home Finance Home Loan EMI Calculator

₹ 50k ₹ 5Cr
6.0% 30.0%
1 years 30 years
Principal Amount
Interest Amount

Monthly EMI

Principal Amount

Interest Amount

Tenure (Years)

Total Amount

## 2044

When you use a home loan EMI calculator, you know how much money you have to keep idle for the EMI. Reliance Home Finance gives home loans at affordable rates but still, it is good for you to check your payments in advance and avoid missing even a single EMI. To know more about how this calculator works and see an example, read this article.

## How to Use Wishfin Reliance Finance Home Loan EMI Calculator?

The Reliance Finance Home Loan calculator is easy to use and available for free. Just input the amount you've borrowed, the interest rate (on a monthly basis), and the longest repayment period. Remember, the interest rate from the bank is usually given annually; the calculator then converts this to a monthly rate to give you precise calculations. With this tool, you'll not only learn about your monthly payments but also see a detailed repayment schedule and the outstanding balance for each year of your loan.

### Home Loan EMI Calculator Formula

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

Suppose you take out a home loan of ₹35,00,000 with a 25-year term at an interest rate of 9%. Here’s how the calculation is done:

• Principal Amount (P): ₹35,00,000
• Interest Rate (R): 9% per annum (which is 9/12/100 = 0.0075  per month)
• Loan Tenure (n): 25 years, or 300 months

Let’s see how it works:

[35,00,000 x 0.0075 x (1 + 0.0075) ^ 300]/[(1+0.0075) ^300 -1] = 29,372

The EMIs you will be required to pay is ₹29,372

## Reliance Finance Home Loan Amortisation Schedule

Suppose you plan to take a home loan of ₹20 lakhs from Reliance Home Finance and you are expecting the interest rates as low as possible. You have chosen 30 years tenure so your EMI, total interest outgo, and total repayment can be easily found with the help of the Reliance home loan EMI calculator. You will have to mention the loan amount, tenure, and interest rate in the calculator and within a few minutes, you will get the result.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount
₹ 20,00,000 8.75% 1 ₹ 1,74,671 ₹ 96,054 ₹ 20,96,054
₹ 20,00,000 8.75% 2 ₹ 91,140 ₹ 1,87,366 ₹ 21,87,366
₹ 20,00,000 8.75% 3 ₹ 63,367 ₹ 2,81,213 ₹ 22,81,213
₹ 20,00,000 8.75% 4 ₹ 49,533 ₹ 3,77,584 ₹ 23,77,584
₹ 20,00,000 8.75% 5 ₹ 41,274 ₹ 4,76,468 ₹ 24,76,468
₹ 20,00,000 8.75% 6 ₹ 35,803 ₹ 5,77,846 ₹ 25,77,846
₹ 20,00,000 8.75% 7 ₹ 31,925 ₹ 6,81,699 ₹ 26,81,699
₹ 20,00,000 8.75% 8 ₹ 29,042 ₹ 7,88,001 ₹ 27,88,001
₹ 20,00,000 8.75% 9 ₹ 26,822 ₹ 8,96,726 ₹ 28,96,726
₹ 20,00,000 8.75% 10 ₹ 25,065 ₹ 10,07,842 ₹ 30,07,842
₹ 20,00,000 8.75% 11 ₹ 23,646 ₹ 11,21,316 ₹ 31,21,316
₹ 20,00,000 8.75% 12 ₹ 22,480 ₹ 12,37,111 ₹ 32,37,111
₹ 20,00,000 8.75% 13 ₹ 21,508 ₹ 13,55,188 ₹ 33,55,188
₹ 20,00,000 8.75% 14 ₹ 20,688 ₹ 14,75,504 ₹ 34,75,504
₹ 20,00,000 8.75% 15 ₹ 19,989 ₹ 15,98,015 ₹ 35,98,015
₹ 20,00,000 8.75% 16 ₹ 19,389 ₹ 17,22,675 ₹ 37,22,675
₹ 20,00,000 8.75% 17 ₹ 18,870 ₹ 18,49,436 ₹ 38,49,436
₹ 20,00,000 8.75% 18 ₹ 18,418 ₹ 19,78,247 ₹ 39,78,247
₹ 20,00,000 8.75% 19 ₹ 18,022 ₹ 21,09,056 ₹ 41,09,056
₹ 20,00,000 8.75% 20 ₹ 17,674 ₹ 22,41,811 ₹ 42,41,811
₹ 20,00,000 8.75% 21 ₹ 17,367 ₹ 23,76,459 ₹ 43,76,459
₹ 20,00,000 8.75% 22 ₹ 17,094 ₹ 25,12,943 ₹ 45,12,943
₹ 20,00,000 8.75% 23 ₹ 16,852 ₹ 26,51,209 ₹ 46,51,209
₹ 20,00,000 8.75% 24 ₹ 16,636 ₹ 27,91,201 ₹ 47,91,201
₹ 20,00,000 8.75% 25 ₹ 16,443 ₹ 29,32,862 ₹ 49,32,862
₹ 20,00,000 8.75% 26 ₹ 16,270 ₹ 30,76,136 ₹ 50,76,136
₹ 20,00,000 8.75% 27 ₹ 16,114 ₹ 32,20,967 ₹ 52,20,967
₹ 20,00,000 8.75% 28 ₹ 15,974 ₹ 33,67,299 ₹ 53,67,299
₹ 20,00,000 8.75% 29 ₹ 15,848 ₹ 35,15,076 ₹ 55,15,076
₹ 20,00,000 8.75% 30 ₹ 15,734 ₹ 36,64,243 ₹ 56,64,243

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

Year Principal Interest Balance Amount
1 ₹ 14,375 ₹ 1,74,433 ₹ 19,85,624
2 ₹ 15,685 ₹ 1,73,123 ₹ 19,69,939
3 ₹ 17,113 ₹ 1,71,694 ₹ 19,52,825
4 ₹ 18,672 ₹ 1,70,135 ₹ 19,34,152
5 ₹ 20,373 ₹ 1,68,434 ₹ 19,13,778
6 ₹ 22,229 ₹ 1,66,578 ₹ 18,91,548
7 ₹ 24,255 ₹ 1,64,553 ₹ 18,67,293
8 ₹ 26,464 ₹ 1,62,344 ₹ 18,40,828
9 ₹ 28,875 ₹ 1,59,933 ₹ 18,11,953
10 ₹ 31,505 ₹ 1,57,302 ₹ 17,80,447
11 ₹ 34,375 ₹ 1,54,432 ₹ 17,46,071
12 ₹ 37,507 ₹ 1,51,301 ₹ 17,08,564
13 ₹ 40,924 ₹ 1,47,884 ₹ 16,67,640
14 ₹ 44,652 ₹ 1,44,156 ₹ 16,22,988
15 ₹ 48,719 ₹ 1,40,088 ₹ 15,74,268
16 ₹ 53,157 ₹ 1,35,650 ₹ 15,21,110
17 ₹ 58,000 ₹ 1,30,808 ₹ 14,63,110
18 ₹ 63,283 ₹ 1,25,524 ₹ 13,99,826
19 ₹ 69,048 ₹ 1,19,759 ₹ 13,30,777
20 ₹ 75,338 ₹ 1,13,469 ₹ 12,55,438
21 ₹ 82,201 ₹ 1,06,606 ₹ 11,73,236
22 ₹ 89,690 ₹ 99,118 ₹ 10,83,546
23 ₹ 97,860 ₹ 90,947 ₹ 9,85,685
24 ₹ 1,06,775 ₹ 82,033 ₹ 8,78,910
25 ₹ 1,16,502 ₹ 72,306 ₹ 7,62,408
26 ₹ 1,27,114 ₹ 61,693 ₹ 6,35,293
27 ₹ 1,38,694 ₹ 50,113 ₹ 4,96,598
28 ₹ 1,51,329 ₹ 37,479 ₹ 3,45,269
29 ₹ 1,65,114 ₹ 23,694 ₹ 1,80,155
30 ₹ 1,80,269 ₹ 8652 ₹ 0

Conclusion

In summary, Reliance Finance Home Loans offer a practical and reliable financing solution for those looking to purchase or construct their dream home. With user-friendly tools like the EMI calculator, borrowers can efficiently plan and manage their finances, ensuring they choose the best terms to suit their budget. Reliance Finance's commitment to providing transparent and flexible loan options makes it a trusted choice for homebuyers.