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Edelweiss Home Loan EMI Calculator

Edelweiss Home Loan Calculator

Last Updated 28th Mar 2022

  • Edelweiss home loan EMI per ₹ 1 Lakh is ₹ 772, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Edelweiss is calculated based on the loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for the Edelweiss home loan before applying. Use an online Edelweiss loan EMI calculator to estimate your EMI.
  • Check Edelweiss home loan EMI for different tenures at the current Edelweiss home loan interest rate of 8.00%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 10 Lakh₹ 12,133₹ 9,557₹ 7,718
    ₹ 20 Lakh₹ 24,266₹ 19,113₹ 15,436
    ₹ 30 Lakh₹ 36,398₹ 28,670₹ 23,154
    ₹ 50 Lakh₹ 60,664₹ 47,783₹ 38,591

    Jump to EMI Calculator

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Edelweiss Housing Loan EMI Calculator

Edelweiss Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure, and interest rate. You can calculate your Edelweiss housing loan EMI in advance to plan your loan payments and expenses using a Edelweiss home loan calculator. Edelweiss home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why Should You Use Edelweiss Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Edelweiss offers the lowest EMI per lakh at . To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for Edelweiss home loan.
  • Compare Edelweiss Home Loan EMI: With the Edelweiss home loan EMI Calculator online, you can also estimate EMI on your home loan from Edelweiss with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any loan tenure period. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

How to Calculate EMI for Home Loan in Edelweiss?

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Edelweiss Home Loan EMI calculator. The below-mentioned table shows the calculation of Edelweiss Home Loan at the various combinations of loan amount and years at the lowest rate of 8.00%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Edelweiss Home loan plan for you.

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Edelweiss Home Loan EMI calculator. The below-mentioned table shows the calculation of Edelweiss Home Loan at the various combinations of loan amount and years at the lowest rate of 8.00%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Edelweiss Home loan plan for you.

Edelweiss home loan EMI is calculated for different loan amounts and tenures at 8.00% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 23,891 ₹ 20,911 ₹ 18,344
₹ 50 Lakh ₹ 47,783 ₹ 41,822 ₹ 36,688
₹ 75 Lakh ₹ 71,674 ₹ 62,733 ₹ 55,032
₹ 1 Cr ₹ 95,565 ₹ 83,644 ₹ 73,376

Benefits of using Edelweiss Home Loan EMI Calculator

Edelweiss Home Loan interest Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate, and tenure. Thus, using the Edelweiss Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare Edelweiss Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting Edelweiss Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI Edelweiss gives a minimum home loan of ₹ 15,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your Edelweiss housing loan EMI which will increase the total cost of the loan. Edelweiss current home loan interest rate starts at 8.00%. Do a complete market research and compare rates and calculate EMI online using the Edelweiss home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in Edelweiss. Your EMI will be lower if you take a 0 years loan from Edelweiss as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Edelweiss Home Loan EMI Calculator Formula

Edelweiss Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Edelweiss Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Edelweiss home loan amount can range from ₹ 15,00,000 to ₹ 5,00,00,000
  • R = Rate of interest per month. Current Edelweiss housing loan rate 8.00%.PLR
  • N = tenure in month. For Edelweiss, maximum home loan tenure is 360 months

Comparison of Edelweiss Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Edelweiss 8.00% ₹ 7,338 ₹ 22,013 ₹ 36,688
HDFC 7.00% ₹ 6,653 ₹ 19,959 ₹ 33,265
ICICI Bank 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.95% ₹ 6,619 ₹ 19,858 ₹ 33,097
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

Edelweiss Home Loan Amortization Calculator

Edelweiss Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Edelweiss gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 35 Lakh for 15 years from Edelweiss at an interest rate of 8.00%. EMI calculated for this loan amount is ₹ 33,448 and the total annual EMIs to be paid annually is ₹ 4,01,374. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 35 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 1,84,753 ₹ 82,829 ₹ 2,67,583 ₹ 34,17,171
2023 ₹ 2,68,574 ₹ 1,32,799 ₹ 4,01,374 ₹ 32,84,371
2024 ₹ 2,57,552 ₹ 1,43,822 ₹ 4,01,374 ₹ 31,40,549
2025 ₹ 2,45,615 ₹ 1,55,759 ₹ 4,01,374 ₹ 29,84,791
2026 ₹ 2,32,687 ₹ 1,68,687 ₹ 4,01,374 ₹ 28,16,104
2027 ₹ 2,18,686 ₹ 1,82,688 ₹ 4,01,374 ₹ 26,33,416
2028 ₹ 2,03,523 ₹ 1,97,851 ₹ 4,01,374 ₹ 24,35,565
2029 ₹ 1,87,102 ₹ 2,14,272 ₹ 4,01,374 ₹ 22,21,293
2030 ₹ 1,69,317 ₹ 2,32,057 ₹ 4,01,374 ₹ 19,89,237
2031 ₹ 1,50,057 ₹ 2,51,317 ₹ 4,01,374 ₹ 17,37,919
2032 ₹ 1,29,197 ₹ 2,72,176 ₹ 4,01,374 ₹ 14,65,743
2033 ₹ 1,06,607 ₹ 2,94,767 ₹ 4,01,374 ₹ 11,70,976
2034 ₹ 82,141 ₹ 3,19,232 ₹ 4,01,374 ₹ 8,51,743
2035 ₹ 55,645 ₹ 3,45,729 ₹ 4,01,374 ₹ 5,06,015
2036 ₹ 26,950 ₹ 3,74,424 ₹ 4,01,374 ₹ 1,31,591
2037 ₹ 2,200 ₹ 1,31,591 ₹ 1,33,791 -₹ 0

In the above illustration, on a Edelweiss Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 8.00, EMI paid is ₹ 33,448 and an annual total of EMIs is ₹ 4,01,374, the interest component is ₹ 2,75,449 while the principal component is ₹ 1,25,925 in year 1 of loan disbursement. You repay only 3.6% of the total principal after paying 12 EMIs during the first year.

Edelweiss Home Loan EMI for ₹ 10 Lakh

The following table shows Edelweiss Housing Loan EMI for ₹ 10 lakh home loan for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 8.00% 5 Years ₹ 20,276
₹ 10,00,000 8.00% 10 Years ₹ 12,133
₹ 10,00,000 8.00% 15 Years ₹ 9,557
₹ 10,00,000 8.00% 20 Years ₹ 8,364
₹ 10,00,000 8.00% 0 Years

Edelweiss Home Loan EMI for ₹ 20 Lakh

The following table shows Edelweiss Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 8.00% 5 Years ₹ 40,553
₹ 20,00,000 8.00% 10 Years ₹ 24,266
₹ 20,00,000 8.00% 15 Years ₹ 19,113
₹ 20,00,000 8.00% 20 Years ₹ 16,729
₹ 20,00,000 8.00% 0 Years

Edelweiss Home Loan EMI for ₹ 25 Lakh

The table below shows Edelweiss Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 8.00% 5 Years ₹ 50,691
₹ 25,00,000 8.00% 10 Years ₹ 30,332
₹ 25,00,000 8.00% 15 Years ₹ 23,891
₹ 25,00,000 8.00% 20 Years ₹ 20,911
₹ 25,00,000 8.00% 0 Years

Edelweiss Home Loan EMI for ₹ 30 Lakh

The following table shows Edelweiss Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 8.00% 5 Years ₹ 60,829
₹ 30,00,000 8.00% 10 Years ₹ 36,398
₹ 30,00,000 8.00% 15 Years ₹ 28,670
₹ 30,00,000 8.00% 20 Years ₹ 25,093
₹ 30,00,000 8.00% 0 Years

Edelweiss Home Loan EMI for ₹ 50 Lakh

The following table shows Edelweiss Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of 8.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 8.00% 5 Years ₹ 1,01,382
₹ 50,00,000 8.00% 10 Years ₹ 60,664
₹ 50,00,000 8.00% 15 Years ₹ 47,783
₹ 50,00,000 8.00% 20 Years ₹ 41,822
₹ 50,00,000 8.00% 0 Years

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the Edelweiss home loan EMI remain constant or change in future?

No, your Edelweiss Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the Edelweiss Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in Edelweiss interest rate?

Edelweiss offers floating rate home loans only. If you take a floating rate loan from Edelweiss, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your Edelweiss home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Edelweiss home loan EMI change in case of prepayment?

Edelweiss allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your Edelweiss home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the Edelweiss home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using Edelweiss home loan calculator.

Why should I calculate Edelweiss loan EMI before taking a loan?

It is advised to calculate Edelweiss home loan EMI before taking a home loan. There are several benefits of calculating your Edelweiss housing loan EMI which can be done using Edelweiss home EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make Edelweiss EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator Edelweiss.

What is the EMI for home loan in Edelweiss?

The Edelweiss EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Edelweiss home loan calculator. Based on the lowest rate of 8.00% and maximum tenure of 25 years, the Edelweiss home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 7,718
₹ 12 Lakh ₹ 9,262
₹ 15 Lakh ₹ 11,577
₹ 30 Lakh ₹ 23,154
₹ 50 Lakh ₹ 38,591

You can compare Edelweiss home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a Edelweiss Housing Loan EMI calculator?

Online Edelweiss housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The Edelweiss home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Edelweiss Home loan EMI Online?

To pay the EMI of Edelweiss home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is Edelweiss home loan EMI calculated?

The Edelweiss Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

Compare Home Loan EMI of All Banks


Edelweiss Home Loan Reviews 3.5/5  by 1 customers
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Edelweiss Home Loan Availed in Dec-17

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Edelweiss Home Loan News - May 2022
  • 2022-03-28 : Edelweiss Housing Finance Ties up for Co-lending in Priority Sector Home Loans
    Edelweiss Housing Finance Limited (EHFL) partnered with the SBI for co-lending towards priority sector home loans to self-employed entrepreneurs and salaried customers. The alliance will leverage the combined reach in tier II and tier III markets.
  • 2021-06-10 : Central Bank of India to become co-lending partners with Edelweiss
    Edelweiss Retail Finance Ltd. (ERFL) strengthened its co-lending partnership with the Central Bank of India in order to ensure priority sector lending to the MSMEs. MSMEs can now avail collateral free loans of upto 50 lakhs and Loan against property of upto Rs 10 crores.
  • 2017-02-10 : Edelweiss Financial registers 47 percent growth in its net profit in third quarter of FY17
    Edelweiss Financial has reported a growth of 47 percent in its net profit at Rs. 155 crore during the third quarter of FY17 as compared to Rs. 106 crore for the corresponding period a year ago. The housing finance company also registered a healthy growth of 18 percent in its total income at Rs. 1,609 crore during the quarter as compared to Rs. 1,361 crore a year ago.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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