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Reliance Home Loan EMI Calculator

Reliance Capital Home Loan Calculator

Last Updated 06th Jul 2021

  • Reliance Capital home loan EMI per ₹ 1 Lakh is ₹ 949, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Reliance Capital is calculated based on the loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for the Reliance Capital home loan before applying. Use an online Reliance Capital loan EMI calculator to estimate your EMI.
  • Check Reliance Capital home loan EMI for different tenures at the current Reliance Capital home loan interest rate of 9.75%
  • Loan Amount10 Year Loan15 Year loan20 Year loan
    ₹ 10 Lakh₹ 13,077₹ 10,594₹ 9,485
    ₹ 20 Lakh₹ 26,154₹ 21,187₹ 18,970
    ₹ 30 Lakh₹ 39,231₹ 31,781₹ 28,456
    ₹ 50 Lakh₹ 65,385₹ 52,968₹ 47,426

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Reliance Housing Loan EMI Calculator

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

Why Should You Use Reliance Capital Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Reliance Capital offers the lowest EMI per lakh at ₹ 949. 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 Reliance Capital home loan.
  • Compare Reliance Capital Home Loan EMI: With the Reliance Capital home loan EMI Calculator online, you can also estimate EMI on your home loan from Reliance Capital 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 Reliance Capital?

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Reliance Capital Home Loan EMI calculator. The below-mentioned table shows the calculation of Reliance Capital Home Loan at the various combinations of loan amount and years at the lowest rate of 9.75%. 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 Reliance Capital 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 Reliance Capital Home Loan EMI calculator. The below-mentioned table shows the calculation of Reliance Capital Home Loan at the various combinations of loan amount and years at the lowest rate of 9.75%. 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 Reliance Capital Home loan plan for you.

Reliance Capital home loan EMI is calculated for different loan amounts and tenures at 9.75% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 26,484 ₹ 23,713 ₹ 21,479
₹ 50 Lakh ₹ 52,968 ₹ 47,426 ₹ 42,958
₹ 75 Lakh ₹ 79,452 ₹ 71,139 ₹ 64,437
₹ 1 Cr ₹ 1.06 Lakh₹ 94,852 ₹ 85,915

Benefits of using Reliance Capital Home Loan EMI Calculator

Reliance Capital 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 Reliance Capital 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 Reliance Capital 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 Reliance Capital 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 Reliance Capital gives a minimum home loan of ₹ 35,00,000 upto a maximum amount of ₹ 99,99,99,999.

Interest Rate

Higher interest rate increases your Reliance Capital housing loan EMI which will increase the total cost of the loan. Reliance Capital current home loan interest rate starts at 9.75%. Do a complete market research and compare rates and calculate EMI online using the Reliance Capital 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 Reliance Capital. Your EMI will be lower if you take a 20 years loan from Reliance Capital as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Reliance Home Loan EMI Calculator Formula

Reliance 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 Reliance Capital Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Reliance Capital home loan amount can range from ₹ 35,00,000 to ₹ 99,99,99,999
  • R = Rate of interest per month. Current Reliance Capital housing loan rate 9.75%.PLR
  • N = tenure in month. For Reliance Capital, maximum home loan tenure is 360 months

Comparison of Reliance Capital 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
Reliance Capital 9.75% ₹ 8,592 ₹ 25,775 ₹ 42,958
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

Reliance Capital Home Loan Amortization Calculator

Reliance Capital Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Reliance Capital 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 Reliance Capital at an interest rate of 9.75%. EMI calculated for this loan amount is ₹ 37,078 and the total annual EMIs to be paid annually is ₹ 4,44,932. 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 ₹ 2,25,502 ₹ 71,119 ₹ 2,96,622 ₹ 34,28,881
2023 ₹ 3,29,236 ₹ 1,15,696 ₹ 4,44,932 ₹ 33,13,185
2024 ₹ 3,17,438 ₹ 1,27,494 ₹ 4,44,932 ₹ 31,85,690
2025 ₹ 3,04,436 ₹ 1,40,496 ₹ 4,44,932 ₹ 30,45,194
2026 ₹ 2,90,109 ₹ 1,54,823 ₹ 4,44,932 ₹ 28,90,371
2027 ₹ 2,74,321 ₹ 1,70,612 ₹ 4,44,932 ₹ 27,19,759
2028 ₹ 2,56,922 ₹ 1,88,010 ₹ 4,44,932 ₹ 25,31,749
2029 ₹ 2,37,749 ₹ 2,07,183 ₹ 4,44,932 ₹ 23,24,566
2030 ₹ 2,16,621 ₹ 2,28,311 ₹ 4,44,932 ₹ 20,96,255
2031 ₹ 1,93,339 ₹ 2,51,593 ₹ 4,44,932 ₹ 18,44,662
2032 ₹ 1,67,682 ₹ 2,77,250 ₹ 4,44,932 ₹ 15,67,412
2033 ₹ 1,39,409 ₹ 3,05,523 ₹ 4,44,932 ₹ 12,61,888
2034 ₹ 1,08,252 ₹ 3,36,680 ₹ 4,44,932 ₹ 9,25,208
2035 ₹ 73,919 ₹ 3,71,014 ₹ 4,44,932 ₹ 5,54,195
2036 ₹ 36,084 ₹ 4,08,848 ₹ 4,44,932 ₹ 1,45,346
2037 ₹ 2,964 ₹ 1,45,346 ₹ 1,48,311 -₹ 0

In the above illustration, on a Reliance Capital Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 9.75, EMI paid is ₹ 37,078 and an annual total of EMIs is ₹ 4,44,932, the interest component is ₹ 3,36,489 while the principal component is ₹ 1,08,443 in year 1 of loan disbursement. You repay only 3.1% of the total principal after paying 12 EMIs during the first year.

Reliance Capital Home Loan EMI for ₹ 10 Lakh

The following table shows Reliance Capital Housing Loan EMI for ₹ 10 lakh home loan for different tenures at an interest rate of 9.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 9.75% 5 Years ₹ 21,124
₹ 10,00,000 9.75% 10 Years ₹ 13,077
₹ 10,00,000 9.75% 15 Years ₹ 10,594
₹ 10,00,000 9.75% 20 Years ₹ 9,485
₹ 10,00,000 9.75% 20 Years ₹ 9,485

Reliance Capital Home Loan EMI for ₹ 20 Lakh

The following table shows Reliance Capital Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of 9.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 9.75% 5 Years ₹ 42,248
₹ 20,00,000 9.75% 10 Years ₹ 26,154
₹ 20,00,000 9.75% 15 Years ₹ 21,187
₹ 20,00,000 9.75% 20 Years ₹ 18,970
₹ 20,00,000 9.75% 20 Years ₹ 18,970

Reliance Capital Home Loan EMI for ₹ 25 Lakh

The table below shows Reliance Capital Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of 9.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 9.75% 5 Years ₹ 52,811
₹ 25,00,000 9.75% 10 Years ₹ 32,693
₹ 25,00,000 9.75% 15 Years ₹ 26,484
₹ 25,00,000 9.75% 20 Years ₹ 23,713
₹ 25,00,000 9.75% 20 Years ₹ 23,713

Reliance Capital Home Loan EMI for ₹ 30 Lakh

The following table shows Reliance Capital Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of 9.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 9.75% 5 Years ₹ 63,373
₹ 30,00,000 9.75% 10 Years ₹ 39,231
₹ 30,00,000 9.75% 15 Years ₹ 31,781
₹ 30,00,000 9.75% 20 Years ₹ 28,456
₹ 30,00,000 9.75% 20 Years ₹ 28,456

Reliance Capital Home Loan EMI for ₹ 50 Lakh

The following table shows Reliance Capital Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of 9.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 9.75% 5 Years ₹ 1,05,621
₹ 50,00,000 9.75% 10 Years ₹ 65,385
₹ 50,00,000 9.75% 15 Years ₹ 52,968
₹ 50,00,000 9.75% 20 Years ₹ 47,426
₹ 50,00,000 9.75% 20 Years ₹ 47,426

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FAQs

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

No, your Reliance Capital 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 Reliance Capital 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 Reliance Capital interest rate?

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

Will Reliance Capital home loan EMI change in case of prepayment?

Reliance Capital 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 Reliance Capital 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 Reliance Capital 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 Reliance Capital home loan calculator.

Why should I calculate Reliance Capital loan EMI before taking a loan?

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

What is the EMI for home loan in Reliance Capital?

The Reliance Capital EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Reliance Capital home loan calculator. Based on the lowest rate of 9.75% and maximum tenure of 20 years, the Reliance Capital home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 9,485
₹ 12 Lakh ₹ 11,382
₹ 15 Lakh ₹ 14,228
₹ 30 Lakh ₹ 28,456
₹ 50 Lakh ₹ 47,426

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

How accurate is a Reliance Capital Housing Loan EMI calculator?

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

How to pay your Reliance Capital Home loan EMI Online?

To pay the EMI of Reliance Capital 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 Reliance Capital home loan EMI calculated?

The Reliance Capital 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


Reliance Capital Home Loan Reviews 4/5  by 1 customers
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Reliance Home Loan News - May 2022
  • 2017-05-06 : Reliance Capital receives no objection from the BSE and NSE for demerger
    Reliance Capital Limited has received ‘no-objection’ from both the BSE and NSE for demerger of Reliance Home Finance. The company has further reported that it has filed the scheme of demerger with the National Company Law Tribunal (NCLT) for facilitating the independent listing of the home finance unit on stock exchanges.
  • 2015-12-17 : Reliance Housing Finance targets Rs 50,000 crore AUM by 2020
    Reliance is targeting AUM of Rs 50,000 crore by 2020 as it aims to join top-five league in the home loan market in 3 years
  • 2015-12-14 : Reliance Housing Finance eyes slot in top 5
    Reliance Housing plans to be amongst the top five HFCs in the next 3 years with a target AUM of Rs 50,000 crore by 2020
  • 2015-11-04 : Reliance Housing Finance lowers home loan rates to 9.55%
    Reliance Housing Finance has announced a 25 basis point reduction in its lending rates to 9.55% matching with the rates offered by Indiabulls and DHFL
*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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