Home Loan EMI Calculator
EMI Calculator for Home Loan
At Letzbank we understand that every home loan is a very personalised need of the customer. Hence, we make the best effort to understand the requirement, and provide you with the most customised home loan with lowest interest rates that results in affordable EMI.
What is EMI?
Equated Monthly Instalment – EMI for short – is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. Our HOME LOAN EMI (Equated Monthly Instalments) Calculator helps you calculate your home loan EMI in less than 30 seconds. By using our home loan EMI calculator at Letzbank you can simplify the tedious job of manually calculating your home loan EMI. Just few inputs to be entered and you get your monthly instalment. Also you can try various combinations and see whether the EMI is as per your accordance or not.
You need to enter the following inputs to calculate your EMI
Loan Amount - Select your desired amount on the slider bar.
Tenor - Input the repayment period as per your convenience.
Interest Rate - Select the interest rate as per the lenders norms. You need not enter the % sign, the value is en marked in terms of percentage.
Lastly click on the CALCULATE button. Within seconds you get the EMI for your desired home loan. The immensely user friendly Home loan EMI calculator available on
Letzbank is specially designed for our customers to save their valuable time and to help them in simplifying a tedious task of calculating the EMI.
How it works and what all you get to see on the screen
As soon as you enter the specific inputs you get the EMI for your home loan. Along with this you also get to see the Standalone Interest and principal breakup for the next month as well as for the entire tenor. This is not all. We also give the detailed amortization schedule for your home loan up to the entire tenor. Following are the components of the amortization table
Year - Year wise break up details is mentioned in the amortization schedule.
Principal - How much principal amount is being deducted for the particular year from your repayments is being mentioned in the amortisation schedule.
Interest - How much interest part is being deducted for the particular year from your repayments is being mentioned in the amortization schedule.
Total Payment - How much amount you have paid till date is being mentioned.
Total Paid till date - Total outstanding balance till date is mentioned.
Why to Use the Home loan EMI calculator by Letzbank?
Following are the advantages
2. Easy and user friendly
4. Helps you to try various combinations of inputs to get the affordable EMI and tenure.
5. Tedious task made easy.
Time consuming calculations that takes off your patience has now been simplified by letzbank. Thanks to the technology.