Can fin Home Loan EMI Calculator

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Use Can Fin Loan EMI Calculator for instant calculation of your loan EMI amount based on inputs like required loan amount, tenure of loan repayment and rate of interest. It is an online tool that helps you plan your loan payments and expenses in advance.

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Follow the steps given below to calculate home loan EMI using Can Fin Home loan EMI calculator:

Visit https://www.canfinhomes.com/ and click on ‘Calculators’.
Choose ‘EMI’ under ‘Calculators’.
Click on ‘EMI Calculator’ option.
Select the loan amount required, repayment term required (in months), and interest rate.
The EMI amount will be displayed on the screen along with total interest payable and total payment.
The calculator also displays complete amortization schedule of your loan payment.

Additional Info: Looking for 1 Crore Home Loan? Check EMI & Apply

Can Fin Home loan interest rate calculator Calculates the Home Loan EMI using the following formula:

P x R x (1+R)^N / [(1+R)^N-1]

Where:

P = Principal loan amount
N = Loan tenure in months
R = Rate of interest

Additional Info: Looking for 50 Lakh Home Loan? Check EMI & Apply

Using the calculator you can calculate Can Fin Home loan EMI instantly.
It displays an indicative amortisation schedule at a given rate of interest.
The tool is 100% accurate.
You can calculate various EMIs with combinations of different loan amount, rate of interest, and tenure.
Using the calculator helps you in deciding the right EMI amount that suits your budget.
You can determine the comfortable tenure for loan repayment.

Additional Info: Also check SBI Home Loan EMI Calculator

EMI calculation at different tenures: You can calculate home loan EMI for different tenures to determine a tenure that suits you.
Home loan EMI comparison: You can compare different EMIs to come at a particular Can Fin Home Loan EMI that suits your budget.
Detailed amortization schedule: The EMI calculator provides the complete loan repayment amortization schedule in table format to help you understand the loan repayment process in a better way.

Additional Info: Looking for 30 Lakh Home Loan? Check EMI & Apply.

You can enter multiple combinations of the loan amount, Home Loan Interest Rate and tenure in the calculator. Doing this will provide you with different EMI results, based on which you can search for the available options of lenders who provide EMI options suitable to your budget.

Following are some ways of using the Can Fin home loan EMI calculator to plan out your EMI payments:

Prepayment: The tool helps you to check how much you can save on prepayment of your housing loan before the tenure ends. Prepayment is a smart way to reduce your home loan EMIs.
Extending tenure: You can also reduce your home loan EMIs by extending your loan repayment tenure. Using the Can Fin EMI calculator, you can increase the tenure until your reach at an EMI amount that suits your budget.
Opting for variable interest rate: You can also choose a floating interest rate over a fixed rate to reduce your EMI payments. Use the EMI calculator to see the EMI on a fixed-rate loan and compare it with a floating rate of the interest-based loan.

Additional Info: Looking for 40 Lakh Home Loan? Check EMI & Apply.

Here is an example of a home loan EMI calculator using the Can Fin Home loan EMI calculator:

Loan amount required: Rs. 10 Lakhs

Rate of interest: 8.25%

Repayment tenure: 30 years

Following is the output you get is you enter the above details in th calculator:

Additional Info: Looking for 75 Lakh Home Loan? Check EMI & Apply

Monthly Payment (EMI): Rs. 75,127

Total Interest Payable: Rs. 17,045,598

Total Payment (Principal + Interest): Rs. 27,045,598

The Can Fin EMI calculator will also provide the amortization schedule chart as mentioned below:

Year	Outstanding Loan	Principal	Interest	EMI
2022	Rs. 10000000	Rs. 52260.59	Rs. 548755.41	Rs. 601016
2023	Rs. 9947739.41	Rs. 83963.23	Rs. 817560.77	Rs. 901524
2024	Rs. 9863776.18	Rs. 91158.24	Rs. 810365.76	Rs. 901524
2025	Rs. 9772617.94	Rs. 98969.78	Rs. 802554.22	Rs. 901524
2026	Rs. 9673648.16	Rs. 107450.71	Rs. 794073.29	Rs. 901524
2027	Rs. 9566197.45	Rs. 116658.39	Rs. 784865.61	Rs. 901524
2028	Rs. 9449539.06	Rs. 126655.08	Rs. 774868.92	Rs. 901524
2029	Rs. 9322883.98	Rs. 137508.41	Rs. 764015.59	Rs. 901524
2030	Rs. 9185375.57	Rs. 149291.82	Rs. 752232.18	Rs. 901524
2031	Rs. 9036083.75	Rs. 162084.96	Rs. 739439.04	Rs. 901524
2032	Rs. 8873998.79	Rs. 175974.35	Rs. 725549.65	Rs. 901524
2033	Rs. 8698024.44	Rs. 191053.97	Rs. 710470.03	Rs. 901524
2034	Rs. 8506970.47	Rs. 207425.80	Rs. 694098.20	Rs. 901524
2035	Rs. 8299544.67	Rs. 225200.57	Rs. 676323.43	Rs. 901524
2036	Rs. 8074344.10	Rs. 244498.49	Rs. 657025.51	Rs. 901524
2037	Rs. 7829845.61	Rs. 265450.06	Rs. 636073.94	Rs. 901524
2038	Rs. 7564395.55	Rs. 288197.06	Rs. 613326.94	Rs. 901524
2039	Rs. 7276198.49	Rs. 312893.29	Rs. 588630.71	Rs. 901524
2040	Rs. 6963305.20	Rs. 339705.77	Rs. 561818.23	Rs. 901524
2041	Rs. 6623599.43	Rs. 368815.87	Rs. 532708.13	Rs. 901524
2042	Rs. 6254783.56	Rs. 400420.50	Rs. 501103.50	Rs. 901524
2043	Rs. 5854363.06	Rs. 434733.40	Rs. 466790.60	Rs. 901524
2044	Rs. 5419629.66	Rs. 471986.66	Rs. 429537.34	Rs. 901524
2045	Rs. 4947643.00	Rs. 512432.19	Rs. 389091.81	Rs. 901524
2046	Rs. 4435210.81	Rs. 556343.59	Rs. 345180.41	Rs. 901524
2047	Rs. 3878867.22	Rs. 604017.88	Rs. 297506.12	Rs. 901524
2048	Rs. 3274849.34	Rs. 655777.46	Rs. 245746.54	Rs. 901524
2049	Rs. 2619071.88	Rs. 711972.43	Rs. 189551.57	Rs. 901524
2050	Rs. 1907099.45	Rs. 772982.88	Rs. 128541.12	Rs. 901524
2051	Rs. 1134116.57	Rs. 839221.42	Rs. 62302.58	Rs. 901524
2052	Rs. 294895.15	Rs. 295427.59	Rs. 5080.41	Rs. 300508