# Home Loan Calculator

### Home Loan EMI Calculator:

Our home loan EMI calculator helps you to calculate exact EMI monthly payment for a home loan. It offers you to calculate home mortgage as per current mortgage rates for a housing loan. Our house loan calculator provides you exact interest on the house loan. It provides your overall home loan amount, Monthly loan EMI value in simple steps.

Our loan calculator estimates home mortgage with current adjustable rate of mortgage with respect to real estate. To get housing loan you need to obey home loan eligibility criteria like credit score of your bank, CIBIL score, age limit, Life of the loan, Property approval by the bank, etc.>

### What is Home Loan?

It is one type of loan that borrows from a bank to buy or construct home. In this loan borrower and lender make a contract that borrower will pay the borrowed amount in EMI bases at a certain fixed interest rate for some period of time. It is a secure loan because lender will keep property documents as security. If the borrower can't pay the loan then the lender will have legal rights to sell the property to recover the loan amount.

### How to calculate home loan EMI?

Equated monthly instalments (EMI) amount is a combination of interest and principal amount. If you want to calculate home loan EMI then you are at right place. Our house loan calculator will allow the user to calculate monthly EMI value by providing the outstanding amount, rate of interest and time period of the loan. Once you enter the values then click on calculate then our house loan calculator will show you the exact monthly EMI value that you need to pay.

### How to use a home loan EMI calculator?

To manage this tool you need to follow the below instructions.

1. Open Home loan Calculator.

2. Enter the Loan amount, Rate of interest, and loan tenure.

3. Click on calculate to get loan EMI value.