# Home Loan EMI Calculator

EMI Amount 0000
Schedule showing EMI payments starting from

Interest and principal breakup
for
12122121
Cumulative interest and principal breakup
upto
12122121
Interest and principal breakup for the
entire loan tenor.
12122121

#### Yearly/Monthly breakup

Year Principal Interest EMI Balance Principle
2021
May3,17,96234,1673,52,12936,82,038
June3,20,67831,4513,52,12933,61,360
July3,23,41728,7123,52,12930,37,943
August3,26,18025,9493,52,12927,11,763
September3,28,96623,1633,52,12923,82,797
October3,31,77620,3533,52,12920,51,021
November3,34,61017,5193,52,12917,16,412
December3,37,46814,6613,52,12913,78,944
2022
January3,40,35011,7783,52,12910,38,593
February3,43,2578,8713,52,1296,95,336
March3,46,1895,9393,52,1293,49,147
April3,49,1472,9823,52,1290

### 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.