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Federal Home Loan EMI Calculator

Federal Bank Home Loan Calculator

Last Updated 20th May 2022

  • Federal Bank home loan EMI per ₹ 1 Lakh is ₹ 737, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Federal Bank is calculated based on the loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for the Federal Bank home loan before applying. Use an online Federal Bank loan EMI calculator to estimate your EMI.
  • Check Federal Bank home loan EMI for different tenures at the current Federal Bank home loan interest rate of 8.05%
  • Loan Amount10 Year Loan15 Year loan30 Year loan
    ₹ 10 Lakh₹ 12,159₹ 9,585₹ 7,373
    ₹ 20 Lakh₹ 24,318₹ 19,171₹ 14,745
    ₹ 30 Lakh₹ 36,478₹ 28,756₹ 22,118
    ₹ 50 Lakh₹ 60,796₹ 47,927₹ 36,863

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Federal Housing Loan EMI Calculator

Federal Bank 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 Federal Bank housing loan EMI in advance to plan your loan payments and expenses using a Federal Bank home loan calculator. Federal Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why Should You Use Federal Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Federal Bank 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 Federal Bank home loan.
  • Compare Federal Bank Home Loan EMI: With the Federal Bank home loan EMI Calculator online, you can also estimate EMI on your home loan from Federal Bank 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 Federal Bank?

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Federal Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of Federal Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 8.05%. 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 Federal Bank 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 Federal Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of Federal Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 8.05%. 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 Federal Bank Home loan plan for you.

Federal Bank home loan EMI is calculated for different loan amounts and tenures at 8.05% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 23,964 ₹ 20,989 ₹ 18,431
₹ 50 Lakh ₹ 47,927 ₹ 41,978 ₹ 36,863
₹ 75 Lakh ₹ 71,891 ₹ 62,967 ₹ 55,294
₹ 1 Cr ₹ 95,854 ₹ 83,955 ₹ 73,725

Benefits of using Federal Bank Home Loan EMI Calculator

Federal Bank 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 Federal Bank 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 Federal Bank 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 Federal Bank 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 Federal Bank gives a minimum home loan of ₹ 15,00,000 upto a maximum amount of ₹ 15,00,00,000.

Interest Rate

Higher interest rate increases your Federal Bank housing loan EMI which will increase the total cost of the loan. Federal Bank current home loan interest rate starts at 8.05%. Do a complete market research and compare rates and calculate EMI online using the Federal Bank 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 Federal Bank. Your EMI will be lower if you take a 0 years loan from Federal Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Federal Home Loan EMI Calculator Formula

Federal 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 Federal Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Federal Bank home loan amount can range from ₹ 15,00,000 to ₹ 15,00,00,000
  • R = Rate of interest per month. Current Federal Bank housing loan rate 8.05%.
  • N = tenure in month. For Federal Bank, maximum home loan tenure is 360 months

Comparison of Federal Bank 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
Federal Bank 8.05% ₹ 7,373 ₹ 22,118 ₹ 36,863
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

Federal Bank Home Loan Amortization Calculator

Federal Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Federal Bank 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 Federal Bank at an interest rate of 8.05%. EMI calculated for this loan amount is ₹ 33,549 and the total annual EMIs to be paid annually is ₹ 4,02,587. 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 ₹ 1,85,916 ₹ 82,475 ₹ 2,68,391 ₹ 34,17,525
2023 ₹ 2,70,301 ₹ 1,32,287 ₹ 4,02,587 ₹ 32,85,238
2024 ₹ 2,59,250 ₹ 1,43,337 ₹ 4,02,587 ₹ 31,41,901
2025 ₹ 2,47,276 ₹ 1,55,311 ₹ 4,02,587 ₹ 29,86,589
2026 ₹ 2,34,301 ₹ 1,68,286 ₹ 4,02,587 ₹ 28,18,304
2027 ₹ 2,20,243 ₹ 1,82,344 ₹ 4,02,587 ₹ 26,35,960
2028 ₹ 2,05,011 ₹ 1,97,577 ₹ 4,02,587 ₹ 24,38,383
2029 ₹ 1,88,506 ₹ 2,14,082 ₹ 4,02,587 ₹ 22,24,302
2030 ₹ 1,70,622 ₹ 2,31,965 ₹ 4,02,587 ₹ 19,92,336
2031 ₹ 1,51,244 ₹ 2,51,343 ₹ 4,02,587 ₹ 17,40,993
2032 ₹ 1,30,247 ₹ 2,72,340 ₹ 4,02,587 ₹ 14,68,653
2033 ₹ 1,07,497 ₹ 2,95,090 ₹ 4,02,587 ₹ 11,73,562
2034 ₹ 82,846 ₹ 3,19,742 ₹ 4,02,587 ₹ 8,53,821
2035 ₹ 56,135 ₹ 3,46,452 ₹ 4,02,587 ₹ 5,07,369
2036 ₹ 27,193 ₹ 3,75,394 ₹ 4,02,587 ₹ 1,31,975
2037 ₹ 2,221 ₹ 1,31,975 ₹ 1,34,196 -₹ 0

In the above illustration, on a Federal Bank Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 8.05, EMI paid is ₹ 33,549 and an annual total of EMIs is ₹ 4,02,587, the interest component is ₹ 2,77,190 while the principal component is ₹ 1,25,397 in year 1 of loan disbursement. You repay only 3.58% of the total principal after paying 12 EMIs during the first year.

Federal Bank Home Loan EMI for ₹ 10 Lakh

The following table shows Federal Bank Housing Loan EMI for ₹ 10 lakh home loan for different tenures at an interest rate of 8.05%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 8.05% 5 Years ₹ 20,300
₹ 10,00,000 8.05% 10 Years ₹ 12,159
₹ 10,00,000 8.05% 15 Years ₹ 9,585
₹ 10,00,000 8.05% 20 Years ₹ 8,396
₹ 10,00,000 8.05% 0 Years

Federal Bank Home Loan EMI for ₹ 20 Lakh

The following table shows Federal Bank Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of 8.05%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 8.05% 5 Years ₹ 40,601
₹ 20,00,000 8.05% 10 Years ₹ 24,318
₹ 20,00,000 8.05% 15 Years ₹ 19,171
₹ 20,00,000 8.05% 20 Years ₹ 16,791
₹ 20,00,000 8.05% 0 Years

Federal Bank Home Loan EMI for ₹ 25 Lakh

The table below shows Federal Bank Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of 8.05%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 8.05% 5 Years ₹ 50,751
₹ 25,00,000 8.05% 10 Years ₹ 30,398
₹ 25,00,000 8.05% 15 Years ₹ 23,964
₹ 25,00,000 8.05% 20 Years ₹ 20,989
₹ 25,00,000 8.05% 0 Years

Federal Bank Home Loan EMI for ₹ 30 Lakh

The following table shows Federal Bank Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of 8.05%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 8.05% 5 Years ₹ 60,901
₹ 30,00,000 8.05% 10 Years ₹ 36,478
₹ 30,00,000 8.05% 15 Years ₹ 28,756
₹ 30,00,000 8.05% 20 Years ₹ 25,187
₹ 30,00,000 8.05% 0 Years

Federal Bank Home Loan EMI for ₹ 50 Lakh

The following table shows Federal Bank Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of 8.05%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 8.05% 5 Years ₹ 1,01,502
₹ 50,00,000 8.05% 10 Years ₹ 60,796
₹ 50,00,000 8.05% 15 Years ₹ 47,927
₹ 50,00,000 8.05% 20 Years ₹ 41,978
₹ 50,00,000 8.05% 0 Years

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FAQs

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

No, your Federal Bank 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 Federal Bank 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 Federal Bank interest rate?

Federal Bank offers floating rate home loans only. If you take a floating rate loan from Federal Bank, 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 Federal Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Federal Bank home loan EMI change in case of prepayment?

Federal Bank 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 Federal Bank 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 Federal Bank 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 Federal Bank home loan calculator.

Why should I calculate Federal Bank loan EMI before taking a loan?

It is advised to calculate Federal Bank home loan EMI before taking a home loan. There are several benefits of calculating your Federal Bank housing loan EMI which can be done using Federal Bank 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 Federal Bank 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 Federal Bank.

What is the EMI for home loan in Federal Bank?

The Federal Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Federal Bank home loan calculator. Based on the lowest rate of 8.05% and maximum tenure of 30 years, the Federal Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 7,373
₹ 12 Lakh ₹ 8,847
₹ 15 Lakh ₹ 11,059
₹ 30 Lakh ₹ 22,118
₹ 50 Lakh ₹ 36,863

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

How accurate is a Federal Bank Housing Loan EMI calculator?

Online Federal Bank 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 Federal Bank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Federal Bank Home loan EMI Online?

To pay the EMI of Federal Bank 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 Federal Bank home loan EMI calculated?

The Federal Bank 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


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Federal Home Loan News - May 2022
  • 2022-04-05 : Federal Bank Reports Growth in Total deposits by 5.3%
    The total deposits of Federal Bank have grown by 5.3% year-on-year to Rs 1,81,712 crore as of March 31. In addition, the gross advances also grew to Rs 1,47,644 crore from Rs 1,34,877 crore.
  • 2021-05-20 : Federal Bank revised its Marginal cost of lending rates
    With effect from 16 May 2021, Federal Bank changed its MCLR. The overnight and one-month MCLR is 7.65% and 7.75%, respectively. The MCLR for three months stands at 7.80%. Further, the MCLR for six months and one year is 7.85% and 7.90%, respectively. The revised rates will impact MCLR based home loans.
  • 2021-01-06 : Federal Bank’s gross advances rise 6% YoY in Q3
    Federal Bank reported a 12% increase in total deposits which includes fixed and recurring deposits for the third quarter of the fiscal. Further the bank reported an increase of 6% rise in gross advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans. CASA ratio stood at 34.48% at the end of December 31, 2020, from 33.38% as on September 30, 2020.
  • 2020-07-16 : Federal Bank Q1 net profit up 4.3%
    Federal Bank net profit backed by retail loans like home, personal, gold, car and two-wheeler along with business and mudra loans rose by 4.3% to Rs 400.77 crore in Q1 June 2020 over Q1 June 2019. Further, The Bank total deposits which include fixed and recurring deposits reached Rs 1,54,937.74 crore in Q1 June 2020, registering a 16.9% growth from Q1 June 2019.
  • 2020-05-29 : Federal Bank reported a Q4 net profit of Rs. 301.23 crores
    Federal Bank reported a 21.04% fall in its profits to Rs. 301.23 crores in the fourth quarter of 2019-20 with a sharp rise in provisions. Its net profit was ₹381.51 crores in the same period a year ago. Further, For the quarter ended March 31, 2020, the bank reported a 19.27% increase in total income to ₹4,107.95 crores from ₹3,444.04 crores a year ago backed by retail loans like home and personal loans along with business, car and mudra loans.
*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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