Mortgage Loan EMI Calculator
Calculate your mortgage loan EMI easily with detailed repayment breakdowns and amortization schedule. Plan your property financing smartly with loanemical.com.
Calculate your Mortgage Loan EMI
- Monthly EMI ₹ 79,446
- Principal amount ₹ 1,00,00,000
- Total interest ₹ 90,67,025
- Total repayment ₹ 1,90,67,025
Mortgage Loan Repayment (Amortization) Schedule
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Outstanding (₹) |
|---|
Frequently Asked Questions
What is a mortgage loan?
A mortgage loan is a secured loan where you borrow money to buy or refinance real estate, with the property serving as collateral.
How is the EMI calculated for a mortgage loan?
EMI is calculated using the principal loan amount, interest rate, and tenure using the standard amortization formula.
What tenure options are available for mortgage loans?
Mortgage loan tenures typically range from 5 to 40 years, depending on lender policies and borrower preferences.
Can I prepay or foreclose my mortgage?
Yes, prepayment and foreclosure options are usually available, but some lenders may charge penalties. Always check your loan agreement.
Is property collateral held during the mortgage tenure?
Yes, the lender holds the property as collateral until the loan and interest are fully repaid.
Comprehensive Mortgage Loan Guide
Mortgage loans are long-term loans designed for purchasing or refinancing real estate property. They are secured against the property itself, providing lenders assurance and often resulting in lower interest rates compared to unsecured loans.
Our Mortgage Loan EMI Calculator helps you estimate monthly installments, total interest payable, and overall repayment amount based on your loan details. Understanding these numbers helps you plan your finances carefully for one of your largest investments.
When choosing a mortgage, consider interest rates (fixed or floating), tenure, prepayment options, and associated charges. Responsible borrowing and timely payments can help build your credit profile and home ownership journey confidently.