A home loan EMI Calculator is one such magical device that can make your life simpler and easier. If you are someone who is interested in availing a home loan or wants to go for a balance transfer but before availing the same facility interested in knowing that what would be your EMIs, if yes, all you need to know about an EMI Calculator. An online tool that calculates your monthly installments in just a few seconds.
- Loan Amount
- Tenure
- Interest Rate
These are the three variables which are taken into consideration by the device in order to give away the precise and accurate results related to your EMI, Interest Outgo and Total Amount Payable towards a loan.
| Loan Amount | |
| Interest Rate | |
| Tenure(Months) | |
| Monthly Instalment (EMI) | |
| Total Interest Amount | |
| Total Amount (Principal + Interest) |
| Year | Principal | Interest | Balance Amount |
|---|
Tata Capital Home Loan EMI Calculator
Let’s just understand the proper functioning of the same, with the help of an example below.
Suppose, Ankit Bhatia, a 30-year-old, PHP Developer by profession is looking for a home loan of INR 25 Lakh. The one thing is that after studying his profile, Tata Capital has agreed to offer the loan at an interest rate of 8.75% for a tenure of 20 years. Before availing the Tata Capital home loan, Ankit wants to know what would be the exact amount of his monthly installments which he needs to pay each month to a lender. Thus, he used this online device and finally decided whether his EMIs were pocket-friendly or not. So, without any further delay, let’s just take a look at the calculations below.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
| Loan Amount | Interest Rate | Tenure | Monthly Instalment | Total Interest Amount | Total Amount |
|---|---|---|---|---|---|
| ₹ 25,00,000 | 8.75% | 1 | ₹ 2,18,339 | ₹ 1,20,068 | ₹ 26,20,068 |
| ₹ 25,00,000 | 8.75% | 2 | ₹ 1,13,925 | ₹ 2,34,207 | ₹ 27,34,207 |
| ₹ 25,00,000 | 8.75% | 3 | ₹ 79,209 | ₹ 3,51,516 | ₹ 28,51,516 |
| ₹ 25,00,000 | 8.75% | 4 | ₹ 61,916 | ₹ 4,71,980 | ₹ 29,71,980 |
| ₹ 25,00,000 | 8.75% | 5 | ₹ 51,593 | ₹ 5,95,585 | ₹ 30,95,585 |
| ₹ 25,00,000 | 8.75% | 6 | ₹ 44,754 | ₹ 7,22,308 | ₹ 32,22,308 |
| ₹ 25,00,000 | 8.75% | 7 | ₹ 39,906 | ₹ 8,52,123 | ₹ 33,52,123 |
| ₹ 25,00,000 | 8.75% | 8 | ₹ 36,302 | ₹ 9,85,001 | ₹ 34,85,001 |
| ₹ 25,00,000 | 8.75% | 9 | ₹ 33,527 | ₹ 11,20,907 | ₹ 36,20,907 |
| ₹ 25,00,000 | 8.75% | 10 | ₹ 31,332 | ₹ 12,59,803 | ₹ 37,59,803 |
| ₹ 25,00,000 | 8.75% | 11 | ₹ 29,558 | ₹ 14,01,645 | ₹ 39,01,645 |
| ₹ 25,00,000 | 8.75% | 12 | ₹ 28,100 | ₹ 15,46,389 | ₹ 40,46,389 |
| ₹ 25,00,000 | 8.75% | 13 | ₹ 26,885 | ₹ 16,93,985 | ₹ 41,93,985 |
| ₹ 25,00,000 | 8.75% | 14 | ₹ 25,859 | ₹ 18,44,380 | ₹ 43,44,380 |
| ₹ 25,00,000 | 8.75% | 15 | ₹ 24,986 | ₹ 19,97,519 | ₹ 44,97,519 |
| ₹ 25,00,000 | 8.75% | 16 | ₹ 24,236 | ₹ 21,53,344 | ₹ 46,53,344 |
| ₹ 25,00,000 | 8.75% | 17 | ₹ 23,587 | ₹ 23,11,795 | ₹ 48,11,795 |
| ₹ 25,00,000 | 8.75% | 18 | ₹ 23,022 | ₹ 24,72,808 | ₹ 49,72,808 |
| ₹ 25,00,000 | 8.75% | 19 | ₹ 22,528 | ₹ 26,36,320 | ₹ 51,36,320 |
| ₹ 25,00,000 | 8.75% | 20 | ₹ 22,093 | ₹ 28,02,264 | ₹ 53,02,264 |
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| Year | Principal | Interest | Balance Amount |
|---|---|---|---|
| 1 | ₹ 48,268 | ₹ 2,16,845 | ₹ 24,51,731 |
| 2 | ₹ 52,665 | ₹ 2,12,448 | ₹ 23,99,065 |
| 3 | ₹ 57,463 | ₹ 2,07,650 | ₹ 23,41,602 |
| 4 | ₹ 62,697 | ₹ 2,02,415 | ₹ 22,78,904 |
| 5 | ₹ 68,409 | ₹ 1,96,704 | ₹ 22,10,495 |
| 6 | ₹ 74,641 | ₹ 1,90,472 | ₹ 21,35,854 |
| 7 | ₹ 81,440 | ₹ 1,83,673 | ₹ 20,54,413 |
| 8 | ₹ 88,859 | ₹ 1,76,254 | ₹ 19,65,554 |
| 9 | ₹ 96,954 | ₹ 1,68,159 | ₹ 18,68,599 |
| 10 | ₹ 1,05,786 | ₹ 1,59,327 | ₹ 17,62,813 |
| 11 | ₹ 1,15,423 | ₹ 1,49,690 | ₹ 16,47,390 |
| 12 | ₹ 1,25,937 | ₹ 1,39,176 | ₹ 15,21,452 |
| 13 | ₹ 1,37,410 | ₹ 1,27,703 | ₹ 13,84,042 |
| 14 | ₹ 1,49,927 | ₹ 1,15,186 | ₹ 12,34,114 |
| 15 | ₹ 1,63,585 | ₹ 1,01,528 | ₹ 10,70,529 |
| 16 | ₹ 1,78,487 | ₹ 86,626 | ₹ 8,92,042 |
| 17 | ₹ 1,94,746 | ₹ 70,366 | ₹ 6,97,295 |
| 18 | ₹ 2,12,487 | ₹ 52,626 | ₹ 4,84,808 |
| 19 | ₹ 2,31,844 | ₹ 33,269 | ₹ 2,52,964 |
| 20 | ₹ 2,53,124 | ₹ 12,149 | ₹ 0 |
Tata Capital Home Loan EMI Calculation Formula
The calculator uses the below formula to calculate an EMI.
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
Frequently Asked Questions
1. How is EMI calculated for Tata Capital home loan?
You can calculate your Tata Capital Home loan EMI using three of these factors- Home loan interest rate, loan amount and the number of months in your loan tenure. The bank uses the following formula to calculate your Tata home loan EMIs-
EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where
P – Principal loan amount
R- monthly rate of interest, and
N- number of months in the loan tenure
2. How can I pay my Tata Capital home loan EMI online?
You can pay your Tata Capital home loan EMI by heading over to the bank’s official website, by netbanking facility, debit card or by UPI.
3. Can we pay more than EMI in home loan Tata Capital?
Yes, you can pay more than your home loan EMI as per your budget and pocket strength.
4. What happens if Tata Capital home loan EMI is missed?
The bank will impose you with a fine for missing your home loan EMI.