Home loan EMI calculations with loan eligibility and loan refinance calculation
10,000+ downloads
About Home Loan EMI Calculator
Home Loan EMI Calculator is a finance app developed by Mukesh Datyal.
How many times has Home Loan EMI Calculator been downloaded?
Home Loan EMI Calculator has been downloaded 12 thousand times. In the last 30 days, the app was downloaded 31 times.
What is the rating of Home Loan EMI Calculator?
Home Loan EMI Calculator has no ratings yet.
Is Home Loan EMI Calculator free?
Home Loan EMI Calculator is free to download. The APK download size is 4.64 MB. The latest version available is 3.1. The last update was on June 4, 2026.
What are the requirements for Home Loan EMI Calculator?
The app has a content rating of Everyone. The app has been available on Google Play November 2020.
Description
Home Loan EMI Calculator?
Home Loan EMI Calculator assists in the calculation of the loan instalment i.e. EMI towards your home loan. It an easy to use calculator and acts as a tool for a home buyer.
Method of interest calculation- select one of the methods used by the bank. Loan Amount: Input the desired loan amount that you wish to avail. Loan Tenure (In Years): Input the desired loan term for which you wish to avail the housing loan. A longer tenure helps in enhancing eligibility. Interest Rate (% P.A.): The input interest rate.
Home Loan eligibility?
Home Loan eligibility is dependent on factors such as your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age etc. Get the peace of mind by knowing all the details about your loan using the Home Loan Eligibility Calculator
Home Loan Eligibility Criteria Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. The maximum loan term is generally capped at 30 years. Age Limit for Salaried Individuals: 21 to 65 years. Age Limit for Self-Employed Individuals: 21 to 65 years. Minimum Salary: ₹10,000 p.m. Minimum business income: ₹2 lac p.a. Maximum Loan Term: 30 years. Financial Position: The present and the future income of the applicant(s) has a significant impact on determining the loan amount. Past and Present Credit History and Credit Score: A clean repayment record is considered positive. Other Financial Obligations: Existing liabilities such as a car loan, credit card debt, etc.
How to enhance Home Loan eligibility? Adding an earning family member as co-applicant. Availing a structured repayment plan. Ensuring a steady income flow, regular savings and investments. Furnishing details of your regular additional income sources. Keeping a record of your variable salary components. Taking actions to rectify errors (if any) in your credit score. Repaying ongoing loans and short terms debts
What is Loan Refinancing?
Loan refinancing involves taking out a new loan, usually with more favourable terms, in order to pay off an old one. Terms and conditions of refinancing vary widely. Refinancing is more commonly associated with home mortgages, car loans, or student loans. In the case that old loans are tied to collateral (assets that guarantee loans), they can be transferred to new loans. If the replacement of debt occurs under financial distress, it is called debt restructuring instead, which is a process to reduce and renegotiate delinquent debts to improve or restore liquidity.
How to use the refinance calculator? Existing Loan Principal Outstanding: Input the principal outstanding of your existing home loan with the other financial institution.
Tenure: Input the balance loan term of your existing home loan. Interest Rate (%): Input the interest rate of your existing home loan.
The total cash outflow and your revised EMI of your outstanding home loan will be calculated to assist you to make a fair comparison, in case you make a balance transfer to a new bank. This will help you to get a clear understanding of the total savings on your home loan.
DISCLAIMER: Kindly consider these calculators as guidance only. Investors are required to make their own assessment before taking Loans.
Recent changes: Calculate home loan EMI with fixed and reduce balance method Calculate home loan eligibility with salaried and self-employed Calculate home loan refinance calculation Reports for Monthly EMI with interest and amount Added Support Us page Fix some bugs
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Home Loan EMI Calculator is a good applications which provides Loans to different people according to their requirements, interest. Must try this one !!!
★★★★★Dhruv Banyal· Dec 2, 2020
For those who struggle with finding out what EMI plan I should opt in for and how to plan out everything that doesn't put pressure financially, this is the perfect app. You get to see how effectively it works once you have a clear idea and it grows. Best app I came across, our life has been dependent on these apps, so it's better if we use better apps like these.
★☆☆☆☆Bhupendra Dongriyal· Jul 7, 2021
Jo down lode hone me he nakhre dikha raha hai vah Accra kya hoga
Google Play Rankings for Home Loan EMI Calculator
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Technologies used by Home Loan EMI Calculator
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