Bank | Min Interest |
---|---|

Kotak Bank | ≈10.99% - |

SBI bank | ≈10.00% - |

HDFC bank | ≈11.00%- |

ICICI bank | ≈10.90%- |

PNB bank | ≈8.90%- |

Axis Bank | ≈10.99%- |

Note: approximately we have shared minimum interest rate of banks. Contact banks to get exact interest rates.

18 Lakh Home Loan EMI CalculatorTenure | Interest Rate | EMI Details |
---|---|---|

1 year | 9% - 10% |
EMI (Monthly Payment) = ₹157,412.66 - ₹158,248.60 Total Interest Payable = ₹88,951.90 - ₹98,983.16 Total Payment
(Principal + Interest) = ₹1,888,951.90 - ₹1,898,983.16 |

2 years | 9% - 10% |
EMI (Monthly Payment) = ₹82,232.54 - ₹83,060.87 Total Interest Payable = ₹173,580.87 - ₹193,460.82 Total Payment
(Principal + Interest) = ₹1,973,580.87 - ₹1,993,460.82 |

3 years | 9% - 10% |
EMI (Monthly Payment) = ₹57,239.52 - ₹58,080.94 Total Interest Payable = ₹260,622.68 - ₹290,913.73 Total Payment
(Principal + Interest) = ₹2,060,622.68 - ₹2,090,913.73 |

4 years | 9% - 10% |
EMI (Monthly Payment) = ₹44,793.08 - ₹45,652.65 Total Interest Payable = ₹350,067.66 - ₹391,327.21 Total Payment
(Principal + Interest) = ₹2,150,067.66 - ₹2,191,327.21 |

5 years | 9% - 10% |
EMI (Monthly Payment) = ₹37,365.04 - ₹38,244.68 Total Interest Payable = ₹441,902.36 - ₹494,680.83 Total Payment
(Principal + Interest) = ₹2,241,902.36 - ₹2,294,680.83 |

6 years | 9% - 10% |
EMI (Monthly Payment) = ₹32,445.97 - ₹33,346.51 Total Interest Payable = ₹536,109.62 - ₹600,948.58 Total Payment
(Principal + Interest) = ₹2,336,109.62 - ₹2,400,948.58 |

7 years | 9% - 10% |
EMI (Monthly Payment) = ₹28,960.34 - ₹29,882.13 Total Interest Payable = ₹632,668.63 - ₹710,099.02 Total Payment
(Principal + Interest) = ₹2,432,668.63 - ₹2,510,099.02 |

8 years | 9% - 10% |
EMI (Monthly Payment) = ₹26,370.37 - ₹27,313.50 Total Interest Payable = ₹731,555.13 - ₹822,095.56 Total Payment
(Principal + Interest) = ₹2,531,555.13 - ₹2,622,095.56 |

9 years | 9% - 10% |
EMI (Monthly Payment) = ₹24,377.24 - ₹25,341.64 Total Interest Payable = ₹832,741.44 - ₹936,896.60 Total Payment
(Principal + Interest) = ₹2,632,741.44 - ₹2,736,896.60 |

10 years | 9% - 10% |
EMI (Monthly Payment) = ₹22,801.64 - ₹23,787.13 Total Interest Payable = ₹936,196.71 - ₹1,054,455.92 Total Payment
(Principal + Interest) = ₹2,736,196.71 - ₹2,854,455.92 |

Tenure | Interest Rate | EMI Details |
---|---|---|

1 year | 10% - 11% |
EMI (Monthly Payment) = ₹158,248.60 - ₹159,086.99 Total Interest Payable = ₹98,983.16 - ₹109,043.82 Total Payment
(Principal + Interest) = ₹1,898,983.16 - ₹1,909,043.82 |

2 years | 10% - 11% |
EMI (Monthly Payment) = ₹83,060.87 - ₹83,894.11 Total Interest Payable = ₹193,460.82 - ₹213,458.61 Total Payment
(Principal + Interest) = ₹1,993,460.82 - ₹2,013,458.61 |

3 years | 10% - 11% |
EMI (Monthly Payment) = ₹58,080.94 - ₹58,929.69 Total Interest Payable = ₹290,913.73 - ₹321,468.87 Total Payment
(Principal + Interest) = ₹2,090,913.73 - ₹2,121,468.87 |

4 years | 10% - 11% |
EMI (Monthly Payment) = ₹45,652.65 - ₹46,521.94 Total Interest Payable = ₹391,327.21 - ₹433,053.15 Total Payment
(Principal + Interest) = ₹2,191,327.21 - ₹2,233,053.15 |

5 years | 10% - 11% |
EMI (Monthly Payment) = ₹38,244.68 - ₹39,136.36 Total Interest Payable = ₹494,680.83 - ₹548,181.69 Total Payment
(Principal + Interest) = ₹2,294,680.83 - ₹2,348,181.69 |

6 years | 10% - 11% |
EMI (Monthly Payment) = ₹33,346.51 - ₹34,261.34 Total Interest Payable = ₹600,948.58 - ₹666,816.64 Total Payment
(Principal + Interest) = ₹2,400,948.58 - ₹2,466,816.64 |

7 years | 10% - 11% |
EMI (Monthly Payment) = ₹29,882.13 - ₹30,820.39 Total Interest Payable = ₹710,099.02 - ₹788,912.39 Total Payment
(Principal + Interest) = ₹2,510,099.02 - ₹2,588,912.39 |

8 years | 10% - 11% |
EMI (Monthly Payment) = ₹27,313.50 - ₹28,275.17 Total Interest Payable = ₹822,095.56 - ₹914,415.95 Total Payment
(Principal + Interest) = ₹2,622,095.56 - ₹2,714,415.95 |

9 years | 10% - 11% |
EMI (Monthly Payment) = ₹25,341.64 - ₹26,326.55 Total Interest Payable = ₹936,896.60 - ₹1,043,267.38 Total Payment
(Principal + Interest) = ₹2,736,896.60 - ₹2,843,267.38 |

10 years | 10% - 11% |
EMI (Monthly Payment) = ₹23,787.13 - ₹24,795.00 Total Interest Payable = ₹1,054,455.92 - ₹1,175,400.24 Total Payment
(Principal + Interest) = ₹2,854,455.92 - ₹2,975,400.24 |

Tenure | Interest Rate | EMI Details |
---|---|---|

1 year | 11% - 12% |
EMI (Monthly Payment) = ₹159,086.99 - ₹159,927.82 Total Interest Payable = ₹109,043.82 - ₹119,133.84 Total Payment
(Principal + Interest) = ₹1,909,043.82 - ₹1,919,133.84 |

2 years | 11% - 12% |
EMI (Monthly Payment) = ₹83,894.11 - ₹84,732.25 Total Interest Payable = ₹213,458.61 - ₹233,574.00 Total Payment
(Principal + Interest) = ₹2,013,458.61 - ₹2,033,574.00 |

3 years | 11% - 12% |
EMI (Monthly Payment) = ₹58,929.69 - ₹59,785.76 Total Interest Payable = ₹321,468.87 - ₹352,287.28 Total Payment
(Principal + Interest) = ₹2,121,468.87 - ₹2,152,287.28 |

4 years | 11% - 12% |
EMI (Monthly Payment) = ₹46,521.94 - ₹47,400.90 Total Interest Payable = ₹433,053.15 - ₹475,243.38 Total Payment
(Principal + Interest) = ₹2,233,053.15 - ₹2,275,243.38 |

5 years | 11% - 12% |
EMI (Monthly Payment) = ₹39,136.36 - ₹40,040.01 Total Interest Payable = ₹548,181.69 - ₹602,400.35 Total Payment
(Principal + Interest) = ₹2,348,181.69 - ₹2,402,400.35 |

6 years | 11% - 12% |
EMI (Monthly Payment) = ₹34,261.34 - ₹35,190.35 Total Interest Payable = ₹666,816.64 - ₹733,704.95 Total Payment
(Principal + Interest) = ₹2,466,816.64 - ₹2,533,704.95 |

7 years | 11% - 12% |
EMI (Monthly Payment) = ₹30,820.39 - ₹31,774.92 Total Interest Payable = ₹788,912.39 - ₹869,093.20 Total Payment
(Principal + Interest) = ₹2,588,912.39 - ₹2,669,093.20 |

8 years | 11% - 12% |
EMI (Monthly Payment) = ₹28,275.17 - ₹29,255.11 Total Interest Payable = ₹914,415.95 - ₹1,008,491.00 Total Payment
(Principal + Interest) = ₹2,714,415.95 - ₹2,808,491.00 |

9 years | 11% - 12% |
EMI (Monthly Payment) = ₹26,326.55 - ₹27,331.62 Total Interest Payable = ₹1,043,267.38 - ₹1,151,814.82 Total Payment
(Principal + Interest) = ₹2,843,267.38 - ₹2,951,814.82 |

10 years | 11% - 12% |
EMI (Monthly Payment) = ₹24,795.00 - ₹25,824.77 Total Interest Payable = ₹1,175,400.24 - ₹1,298,972.49 Total Payment
(Principal + Interest) = ₹2,975,400.24 - ₹3,098,972.49 |

Tenure | Interest Rate | EMI Details |
---|---|---|

1 year | 12% - 13% |
EMI (Monthly Payment) = ₹159,927.82 - ₹160,771.10 Total Interest Payable = ₹119,133.84 - ₹129,253.16 Total Payment
(Principal + Interest) = ₹1,919,133.84 - ₹1,929,253.16 |

2 years | 12% - 13% |
EMI (Monthly Payment) = ₹84,732.25 - ₹85,575.28 Total Interest Payable = ₹233,574.00 - ₹253,806.74 Total Payment
(Principal + Interest) = ₹2,033,574.00 - ₹2,053,806.74 |

3 years | 12% - 13% |
EMI (Monthly Payment) = ₹59,785.76 - ₹60,649.11 Total Interest Payable = ₹352,287.28 - ₹383,368.09 Total Payment
(Principal + Interest) = ₹2,152,287.28 - ₹2,183,368.09 |

4 years | 12% - 13% |
EMI (Monthly Payment) = ₹47,400.90 - ₹48,289.49 Total Interest Payable = ₹475,243.38 - ₹517,895.65 Total Payment
(Principal + Interest) = ₹2,275,243.38 - ₹2,317,895.65 |

5 years | 12% - 13% |
EMI (Monthly Payment) = ₹40,040.01 - ₹40,955.53 Total Interest Payable = ₹602,400.35 - ₹657,331.89 Total Payment
(Principal + Interest) = ₹2,402,400.35 - ₹2,457,331.89 |

6 years | 12% - 13% |
EMI (Monthly Payment) = ₹35,190.35 - ₹36,133.39 Total Interest Payable = ₹733,704.95 - ₹801,604.03 Total Payment
(Principal + Interest) = ₹2,533,704.95 - ₹2,601,604.03 |

7 years | 12% - 13% |
EMI (Monthly Payment) = ₹31,774.92 - ₹32,745.53 Total Interest Payable = ₹869,093.20 - ₹950,624.86 Total Payment
(Principal + Interest) = ₹2,669,093.20 - ₹2,750,624.86 |

8 years | 12% - 13% |
EMI (Monthly Payment) = ₹29,255.11 - ₹30,253.06 Total Interest Payable = ₹1,008,491.00 - ₹1,104,293.68 Total Payment
(Principal + Interest) = ₹2,808,491.00 - ₹2,904,293.68 |

9 years | 12% - 13% |
EMI (Monthly Payment) = ₹27,331.62 - ₹28,356.46 Total Interest Payable = ₹1,151,814.82 - ₹1,262,497.45 Total Payment
(Principal + Interest) = ₹2,951,814.82 - ₹3,062,497.45 |

10 years | 12% - 13% |
EMI (Monthly Payment) = ₹25,824.77 - ₹26,875.93 Total Interest Payable = ₹1,298,972.49 - ₹1,425,111.98 Total Payment
(Principal + Interest) = ₹3,098,972.49 - ₹3,225,111.98 |

The full form of EMI is Equated Monthly Installment. This means you have to repay the loan amount in a monthly installment. The installment amount consists of interest amounts and Loan amounts.

If you want the loan then using this EMI calculator you can calculate the loan monthly Payable amount, total payable interest amount, and total payable amount (Which means total interest amount + Loan amount).

Also using this EMI calculator you can 1 to 10 years loan tenure EMI details. So that you can correctly choose tenure according to EMI amount.

The formula of EMI is : E= P.r.(1+r)^n/((1+r)^n-1) [Where E = EMI, P=Loan Amount (Here loan amount), r= rate of interest amount (r is calculated on monthly basis. r= rate of annual interest/12/100., Example: annually 9% interest rate., So r= 9/12/100, r=0.0075%), n = Loan tenure in month's.]

Example of EMI calculation: For example, you want 5 lakh of a loan at a 9% interest rate for 6 years. Then P=500000. r=9/12/100=0.0075%. n=6×12=72 months. Then calculation will be: E=500000×0.0075×(1+0.0075)^72/((1+0.0075)^72-1) E=9012.77