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Home Loan EMI

Loan Details

₹50L

₹1L - ₹5Cr

20.0%

Loan Amount

₹40L

LTV: 80.0%

8.50%

3% - 15%

20 yr

1 - 30 years

Note: Interest rates shown are for illustration only. Actual rates depend on lender policies.

Monthly EMI

₹35K

240 months

Total Interest

₹43.3L

Interest cost

Total Amount

₹83.3L

Principal + Interest

Principal vs Interest

Year-wise Breakdown

Calculation Assumptions

  • Calculation Method:Monthly Reducing Balance
  • Compounding Frequency:Monthly
  • Interest Rate Type:fixed
  • EMI Formula:RBI Standard

Disclaimer: All EMI results are indicative only. Actual EMI may vary based on lender policies, processing fees, insurance, and other charges. Please consult your lender for accurate details.

Key Facts Statement (KFS)

RBI Mandate - Mandatory Disclosure (Effective October 1, 2024)

Proposal No.: EMI-1769097450531-97N24L

Validity Period: At least 3 working days from generation date

Loan Details

Loan Type

Home Loan

Loan Amount

₹40,00,000

Interest Rate

8.50% p.a. (Fixed)

Loan Tenure

20 years (240 months)

Monthly EMI

₹34,712.93

Total Amount Payable

₹83,31,103.2

Cost Breakdown (All-Inclusive)

Principal Amount₹40,00,000
Total Interest Payable (8.50% p.a.)₹43,31,103.2
Processing Fee (1% of loan amount)₹40,000
Loan Insurance (0.5% p.a.)₹20,000
Total All-In Cost₹83,91,103.2

Annual Percentage Rate (APR)

8.50% p.a.

APR includes the interest rate, processing fees, insurance charges, and all other levies applicable to the loan. This represents the true cost of borrowing.

Important Disclosures & Terms

Interest Rate Type

This is a FIXED rate loan. Your interest rate will not change during the loan tenure.

Prepayment & Foreclosure

You have the right to prepay the loan partially or fully at any time. Some lenders may charge prepayment penalties on floating rate loans. Check with your lender for specific terms.

EMI Payment Terms

EMI must be paid on or before the due date each month. Late payment may attract penalties and impact your credit score.

Additional Charges (Not Included in EMI)

  • Late payment penalties
  • Foreclosure charges (if applicable)
  • Documentation & legal fees
  • Property registration & stamp duty
  • GST on applicable charges (18%)

Right to Switch/Transfer

As per RBI guidelines, you may switch from fixed to floating rate or transfer your loan to another lender. Charges applicable at the time of switch/transfer should be communicated by your lender.

RBI Compliance Note

This calculator provides indicative information based on inputs you provide. The actual loan terms, EMI, and charges will be determined by the lender based on your creditworthiness and current market conditions.

In case of any discrepancy between this KFS and the actual loan agreement provided by your lender, the loan agreement signed with the lender shall prevail. For any disputes, you may contact the RBI's Banking Ombudsman (details available on www.rbi.org.in).

Amortization Schedule (First 12 Months)

MonthEMI PaymentPrincipalInterestBalance
1₹34,712.93₹6,379.6₹28,333.33₹39,93,620.4
2₹34,712.93₹6,424.79₹28,288.14₹39,87,195.61
3₹34,712.93₹6,470.29₹28,242.64₹39,80,725.32
4₹34,712.93₹6,516.13₹28,196.8₹39,74,209.19
5₹34,712.93₹6,562.28₹28,150.65₹39,67,646.91
6₹34,712.93₹6,608.76₹28,104.17₹39,61,038.15
7₹34,712.93₹6,655.58₹28,057.35₹39,54,382.57
8₹34,712.93₹6,702.72₹28,010.21₹39,47,679.85
9₹34,712.93₹6,750.2₹27,962.73₹39,40,929.65
10₹34,712.93₹6,798.01₹27,914.92₹39,34,131.64
11₹34,712.93₹6,846.16₹27,866.77₹39,27,285.48
12₹34,712.93₹6,894.66₹27,818.27₹39,20,390.82

Showing first 12 months. Full 240 month schedule available on download.

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