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India Shelters Home Loan EMI Calculator

India Shelters Home Loan Calculator

Last Updated 22nd Jun 2021

  • India Shelters home loan EMI per ₹ 1 Lakh is ₹ 1,101, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in India Shelters is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for India Shelters home loan before applying. Use an online India Shelters loan EMI calculator to estimate your EMI.
  • Check India Shelters home loan EMI for different tenures at the current India Shelters home loan interest rate of 12.00%
  • Loan Amount10 Year Loan15 Year loan20 Year loan
    ₹ 10 Lakh₹ 14,347₹ 12,002₹ 11,011
    ₹ 20 Lakh₹ 28,694₹ 24,003₹ 22,022
    ₹ 30 Lakh₹ 43,041₹ 36,005₹ 33,033
    ₹ 50 Lakh₹ 71,735₹ 60,008₹ 55,054

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India Shelters Home Loan EMI Calculator Online

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

Why should you use India Shelters Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: India Shelters offers the lowest EMI per lakh at ₹ 1,101. 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 India Shelters home loan.
  • Compare India Shelters Home Loan EMI: With India Shelters home loan EMI Calculator, you can also estimate EMI on your home loan from India Shelters 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 period of the loan tenure. 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.

India Shelters Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on India Shelters Home Loan EMI calculator. The below-mentioned table shows the calculation of India Shelters Home Loan at the various combinations of loan amount and years at the lowest rate of 12.00%. 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 India Shelters Home loan plan for you.

India Shelters home loan EMI is calculated for different loan amounts and tenures at 12.00% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 30,004 ₹ 27,527 ₹ 25,715
₹ 50 Lakh ₹ 60,008 ₹ 55,054 ₹ 51,431
₹ 75 Lakh ₹ 90,013 ₹ 82,581 ₹ 77,146
₹ 1 Cr ₹ 1.20 Lakh₹ 1.10 Lakh₹ 1.03 Lakh

Benefits of using India Shelters Home Loan EMI Calculator

India Shelters Home Loan 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 India Shelters 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 India Shelters 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 India Shelters 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 India Shelters gives a minimum home loan of ₹ 5,00,000 upto a maximum amount of ₹ 1,00,00,000.

Interest Rate

Higher interest rate increases your India Shelters housing loan EMI which will increase the total cost of the loan. India Shelters current home loan interest rate starts at 12.00%. Do a complete market research and compare rates and calculate EMI online using India Shelters 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 India Shelters. Your EMI will be lower if you take a 20 years loan from India Shelters as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

India Shelters Home Loan EMI Calculator Formula

India Shelters 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 India Shelters Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. India Shelters home loan amount can range from ₹ 5,00,000 to ₹ 1,00,00,000
  • r = Rate of interest per month. Current India Shelters housing loan rate 12.00%.PLR
  • n = tenure in month. For India Shelters, maximum home loan tenure is 360 months

Comparison of India Shelters 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
India Shelters 12.00% ₹ 10,286 ₹ 30,858 ₹ 51,431
HDFC 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
ICICI Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131
Axis Bank 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131

India Shelters Home Loan Amortization Calculator

India Shelters Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. India Shelters 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 ₹ 30 Lakh for 5 years from India Shelters at an interest rate of 12.00%. EMI calculated for this loan amount is ₹ 66,733 and the total annual EMIs to be paid annually is ₹ 8,00,800. The EMI schedule of loan for 5 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 30 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 1,17,781 ₹ 1,49,152 ₹ 2,66,933 ₹ 28,50,848
2022 ₹ 3,16,013 ₹ 4,84,787 ₹ 8,00,800 ₹ 23,66,061
2023 ₹ 2,54,530 ₹ 5,46,270 ₹ 8,00,800 ₹ 18,19,791
2024 ₹ 1,85,249 ₹ 6,15,551 ₹ 8,00,800 ₹ 12,04,240
2025 ₹ 1,07,182 ₹ 6,93,618 ₹ 8,00,800 ₹ 5,10,622
2026 ₹ 23,245 ₹ 5,10,622 ₹ 5,33,867 ₹ 0

In the above illustration, on a India Shelters Home Loan of₹ 30 Lakh, taken at the lowest interest rate of 12.00, EMI paid is ₹ 66,733 and an annual total of EMIs is ₹ 8,00,800, the interest component is ₹ 3,34,929 while the principal component is ₹ 4,65,871 in year 1 of loan disbursement. You repay only 15.53% of the total principal after paying 12 EMIs during the first year.

India Shelters Home Loan EMI for ₹ 10 Lakh

The following table shows India Shelters Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 12.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 12.00% 5 Years ₹ 22,244
₹ 10,00,000 12.00% 10 Years ₹ 14,347
₹ 10,00,000 12.00% 15 Years ₹ 12,002
₹ 10,00,000 12.00% 20 Years ₹ 11,011
₹ 10,00,000 12.00% 20 Years ₹ 11,011

India Shelters Home Loan EMI for ₹ 20 Lakh

The following table shows India Shelters Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 12.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 12.00% 5 Years ₹ 44,489
₹ 20,00,000 12.00% 10 Years ₹ 28,694
₹ 20,00,000 12.00% 15 Years ₹ 24,003
₹ 20,00,000 12.00% 20 Years ₹ 22,022
₹ 20,00,000 12.00% 20 Years ₹ 22,022

India Shelters Home Loan EMI for ₹ 30 Lakh

The following table shows India Shelters Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 12.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 12.00% 5 Years ₹ 66,733
₹ 30,00,000 12.00% 10 Years ₹ 43,041
₹ 30,00,000 12.00% 15 Years ₹ 36,005
₹ 30,00,000 12.00% 20 Years ₹ 33,033
₹ 30,00,000 12.00% 20 Years ₹ 33,033

India Shelters Home Loan EMI for ₹ 50 Lakh

The following table shows India Shelters Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 12.00%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 12.00% 5 Years ₹ 1,11,222
₹ 50,00,000 12.00% 10 Years ₹ 71,735
₹ 50,00,000 12.00% 15 Years ₹ 60,008
₹ 50,00,000 12.00% 20 Years ₹ 55,054
₹ 50,00,000 12.00% 20 Years ₹ 55,054

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FAQs

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

No, your India Shelters 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 India Shelters 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 India Shelters interest rate?

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

Will India Shelters home loan EMI change in case of prepayment?

India Shelters 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 India Shelters 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 India Shelters 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 India Shelters home loan calculator.

Why should I calculate India Shelters loan EMI before taking a loan?

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

What is the EMI for home loan in India Shelters?

The India Shelters EMI will vary based on loan amount, tenure, rate of interest and can be calculated using India Shelters home loan calculator. Based on the lowest rate of 12.00% and maximum tenure of 20 years, the India Shelters home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 11,011
₹ 12 Lakh ₹ 13,213
₹ 15 Lakh ₹ 16,516
₹ 30 Lakh ₹ 33,033
₹ 50 Lakh ₹ 55,054

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

How accurate is a India Shelters Housing Loan EMI calculator?

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

How to pay your India Shelters Home loan EMI Online?

To pay the EMI of India Shelters 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 India Shelters home loan EMI calculated?

The India Shelters 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.

What is the EMI for ₹ 10 Lakh home loan in India Shelters?

You can use a 10 lakh home loan emi calculator India Shelters, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 12.00% 10 years loan ₹ 14,347
₹ 10 Lakh 12.00% 15 years loan ₹ 12,002
₹ 10 Lakh 12.00% 20 years loan ₹ 11,011

What is the EMI for ₹ 20 Lakh home loan in India Shelters?

You can use a 20 lakh home loan emi calculator India Shelters, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 12.00% 10 years loan ₹ 28,694
₹ 20 Lakh 12.00% 15 years loan ₹ 24,003
₹ 20 Lakh 12.00% 20 years loan ₹ 22,022

What is the EMI for ₹ 30 Lakh home loan in India Shelters?

You can use a 30 lakh home loan emi calculator India Shelters, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 12.00% 10 years loan ₹ 43,041
₹ 30 Lakh 12.00% 15 years loan ₹ 36,005
₹ 30 Lakh 12.00% 20 years loan ₹ 33,033

What is the EMI for ₹ 50 Lakh home loan in India Shelters?

You can use a 50 lakh home loan emi calculator India Shelters, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 12.00% 10 years loan ₹ 71,735
₹ 50 Lakh 12.00% 15 years loan ₹ 60,008
₹ 50 Lakh 12.00% 20 years loan ₹ 55,054

What is the EMI for a 25 lakhs home loan in India Shelters and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator India Shelters:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 12.00% 10 years loan ₹ 35,868
₹ 25 Lakh 12.00% 15 years loan ₹ 30,004
₹ 25 Lakh 12.00% 20 years loan ₹ 27,527

What is the EMI for 12 lakhs home loan in India Shelters?

A borrower will pay ₹ 15,761 if he/she takes a loan for 12 years at an interest rate of 12.00%. The 12 lakh home loan emi India Shelters may vary across India Shelters home loan interest rate.

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