Note: These calculators are provided only as general self-help planning tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances or an assurance from SHFL on the calculations
How does EMI calculation help in planning the home purchase?
SHFL’s Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs. It also helps you plan for other outflows and expenses which you need to make arrangements for after the EMI is deducted from your monthly income. Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better.
How to use SHFL’s EMI Calculator?
All you need to do is input the following to arrive at your EMI:
Loan Amount: The loan amount you wish to avail.
Loan Tenure (In Years): The time duration for which you need the loan A longer tenure helps to improve the eligibility.
Interest Rate (% P.A.): Input interest rate.