Highlights
- Use Reliance Home Finance Home Loan EMI Calculator March 2024 to know your payment details instantly.
- You can check your EMIs on your Reliance home loan within a few minutes.
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. Below is a representing the monthly installment in both tabular and graphical form.
Loan Amount | |
Interest Rate | |
Tenure(Months) | |
Monthly Instalment (EMI) | |
Total Interest Amount | |
Total Amount (Principal + Interest) |
Year | Principal | Interest | Balance Amount |
---|
Reliance Home Finance Home Loan EMI Calculator March 2024
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 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 |
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