Tata Capital Home Loan EMI Calculator

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.

EMI Calculator forHome Loan
Loan Amount (₹)
Interest Rate (%)
Tenure(year)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

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 ₹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 AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 25,00,0008.75%1₹ 2,18,339₹ 1,20,068₹ 26,20,068
₹ 25,00,0008.75%2₹ 1,13,925₹ 2,34,207₹ 27,34,207
₹ 25,00,0008.75%3₹ 79,209₹ 3,51,516₹ 28,51,516
₹ 25,00,0008.75%4₹ 61,916₹ 4,71,980₹ 29,71,980
₹ 25,00,0008.75%5₹ 51,593₹ 5,95,585₹ 30,95,585
₹ 25,00,0008.75%6₹ 44,754₹ 7,22,308₹ 32,22,308
₹ 25,00,0008.75%7₹ 39,906₹ 8,52,123₹ 33,52,123
₹ 25,00,0008.75%8₹ 36,302₹ 9,85,001₹ 34,85,001
₹ 25,00,0008.75%9₹ 33,527₹ 11,20,907₹ 36,20,907
₹ 25,00,0008.75%10₹ 31,332₹ 12,59,803₹ 37,59,803
₹ 25,00,0008.75%11₹ 29,558₹ 14,01,645₹ 39,01,645
₹ 25,00,0008.75%12₹ 28,100₹ 15,46,389₹ 40,46,389
₹ 25,00,0008.75%13₹ 26,885₹ 16,93,985₹ 41,93,985
₹ 25,00,0008.75%14₹ 25,859₹ 18,44,380₹ 43,44,380
₹ 25,00,0008.75%15₹ 24,986₹ 19,97,519₹ 44,97,519
₹ 25,00,0008.75%16₹ 24,236₹ 21,53,344₹ 46,53,344
₹ 25,00,0008.75%17₹ 23,587₹ 23,11,795₹ 48,11,795
₹ 25,00,0008.75%18₹ 23,022₹ 24,72,808₹ 49,72,808
₹ 25,00,0008.75%19₹ 22,528₹ 26,36,320₹ 51,36,320
₹ 25,00,0008.75%20₹ 22,093₹ 28,02,264₹ 53,02,264

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

YearPrincipalInterestBalance 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

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EMI Calculator