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Sundaram Home Finance Home Loan EMI Calculator

Sundaram Home Finance Home Loan Calculator

Last Updated 03rd Jun 2021

  • Sundaram Home Finance 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 Sundaram Home Finance is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Sundaram Home Finance home loan before applying. Use an online Sundaram Home Finance loan EMI calculator to estimate your EMI.
  • Check Sundaram Home Finance home loan EMI for different tenures at the current Sundaram Home Finance home loan interest rate of 6.95%
  • Loan Amount10 Year Loan15 Year loan20 Year loan
    ₹ 10 Lakh₹ 11,585₹ 8,960₹ 7,723
    ₹ 20 Lakh₹ 23,170₹ 17,921₹ 15,446
    ₹ 30 Lakh₹ 34,755₹ 26,881₹ 23,169
    ₹ 50 Lakh₹ 57,925₹ 44,802₹ 38,615

    Jump to EMI Calculator

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Sundaram Home Finance Home Loan EMI Calculator Online

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

Why should you use Sundaram Home Finance Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Sundaram Home Finance offers the lowest EMI per lakh at ₹ 772. 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 Sundaram Home Finance home loan.
  • Compare Sundaram Home Finance Home Loan EMI: With Sundaram Home Finance home loan EMI Calculator, you can also estimate EMI on your home loan from Sundaram Home Finance 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.

Sundaram Home Finance 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 Sundaram Home Finance Home Loan EMI calculator. The below-mentioned table shows the calculation of Sundaram Home Finance Home Loan at the various combinations of loan amount and years at the lowest rate of 6.95%. 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 Sundaram Home Finance Home loan plan for you.

Sundaram Home Finance home loan EMI is calculated for different loan amounts and tenures at 6.95% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,401 ₹ 19,308 ₹ 16,549
₹ 50 Lakh ₹ 44,802 ₹ 38,615 ₹ 33,097
₹ 75 Lakh ₹ 67,203 ₹ 57,923 ₹ 49,646
₹ 1 Cr ₹ 89,604 ₹ 77,230 ₹ 66,195

Benefits of using Sundaram Home Finance Home Loan EMI Calculator

Sundaram Home Finance 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 Sundaram Home Finance 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 Sundaram Home Finance 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 Sundaram Home Finance 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 Sundaram Home Finance gives a minimum home loan of ₹ 10,00,000 upto a maximum amount of ₹ 3,00,00,000.

Interest Rate

Higher interest rate increases your Sundaram Home Finance housing loan EMI which will increase the total cost of the loan. Sundaram Home Finance current home loan interest rate starts at 6.95%. Do a complete market research and compare rates and calculate EMI online using Sundaram Home Finance 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 Sundaram Home Finance. Your EMI will be lower if you take a 20 years loan from Sundaram Home Finance as compared to a loan taken for 1 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Sundaram Home Finance Home Loan EMI Calculator Formula

Sundaram Home Finance 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 Sundaram Home Finance Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Sundaram Home Finance home loan amount can range from ₹ 10,00,000 to ₹ 3,00,00,000
  • r = Rate of interest per month. Current Sundaram Home Finance housing loan rate 6.95%.PLR
  • n = tenure in month. For Sundaram Home Finance, maximum home loan tenure is 360 months

Comparison of Sundaram Home Finance 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
Sundaram Home Finance 6.95% ₹ 6,619 ₹ 19,858 ₹ 33,097
HDFC 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
ICICI Bank 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
SBI 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
LIC Housing Finance 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

Sundaram Home Finance Home Loan Amortization Calculator

Sundaram Home Finance Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Sundaram Home Finance 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 ₹ 25 Lakh for 25 years from Sundaram Home Finance at an interest rate of 6.95%. EMI calculated for this loan amount is ₹ 17,590 and the total annual EMIs to be paid annually is ₹ 2,11,078. The EMI schedule of loan for 25 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 25 Lakh over the 25 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 1,00,972 ₹ 22,157 ₹ 1,23,129 ₹ 24,77,843
2022 ₹ 1,70,948 ₹ 40,130 ₹ 2,11,078 ₹ 24,37,713
2023 ₹ 1,68,068 ₹ 43,010 ₹ 2,11,078 ₹ 23,94,704
2024 ₹ 1,64,982 ₹ 46,096 ₹ 2,11,078 ₹ 23,48,608
2025 ₹ 1,61,674 ₹ 49,404 ₹ 2,11,078 ₹ 22,99,204
2026 ₹ 1,58,129 ₹ 52,949 ₹ 2,11,078 ₹ 22,46,256
2027 ₹ 1,54,330 ₹ 56,748 ₹ 2,11,078 ₹ 21,89,507
2028 ₹ 1,50,258 ₹ 60,820 ₹ 2,11,078 ₹ 21,28,687
2029 ₹ 1,45,893 ₹ 65,184 ₹ 2,11,078 ₹ 20,63,503
2030 ₹ 1,41,216 ₹ 69,862 ₹ 2,11,078 ₹ 19,93,641
2031 ₹ 1,36,203 ₹ 74,875 ₹ 2,11,078 ₹ 19,18,766
2032 ₹ 1,30,830 ₹ 80,248 ₹ 2,11,078 ₹ 18,38,518
2033 ₹ 1,25,072 ₹ 86,006 ₹ 2,11,078 ₹ 17,52,512
2034 ₹ 1,18,900 ₹ 92,178 ₹ 2,11,078 ₹ 16,60,334
2035 ₹ 1,12,286 ₹ 98,792 ₹ 2,11,078 ₹ 15,61,542
2036 ₹ 1,05,197 ₹ 1,05,881 ₹ 2,11,078 ₹ 14,55,661
2037 ₹ 97,599 ₹ 1,13,479 ₹ 2,11,078 ₹ 13,42,182
2038 ₹ 89,456 ₹ 1,21,622 ₹ 2,11,078 ₹ 12,20,560
2039 ₹ 80,729 ₹ 1,30,349 ₹ 2,11,078 ₹ 10,90,211
2040 ₹ 71,375 ₹ 1,39,703 ₹ 2,11,078 ₹ 9,50,508
2041 ₹ 61,351 ₹ 1,49,727 ₹ 2,11,078 ₹ 8,00,781
2042 ₹ 50,607 ₹ 1,60,471 ₹ 2,11,078 ₹ 6,40,309
2043 ₹ 39,092 ₹ 1,71,986 ₹ 2,11,078 ₹ 4,68,323
2044 ₹ 26,750 ₹ 1,84,328 ₹ 2,11,078 ₹ 2,83,996
2045 ₹ 13,524 ₹ 1,97,554 ₹ 2,11,078 ₹ 86,441
2046 ₹ 1,508 ₹ 86,441 ₹ 87,949 -₹ 0

In the above illustration, on a Sundaram Home Finance Home Loan of₹ 25 Lakh, taken at the lowest interest rate of 6.95, EMI paid is ₹ 17,590 and an annual total of EMIs is ₹ 2,11,078, the interest component is ₹ 1,72,538 while the principal component is ₹ 38,540 in year 1 of loan disbursement. You repay only 1.54% of the total principal after paying 12 EMIs during the first year.

Sundaram Home Finance Home Loan EMI for ₹ 10 Lakh

The following table shows Sundaram Home Finance Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.95% 5 Years ₹ 19,778
₹ 10,00,000 6.95% 10 Years ₹ 11,585
₹ 10,00,000 6.95% 15 Years ₹ 8,960
₹ 10,00,000 6.95% 20 Years ₹ 7,723
₹ 10,00,000 6.95% 20 Years ₹ 7,723

Sundaram Home Finance Home Loan EMI for ₹ 20 Lakh

The following table shows Sundaram Home Finance Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.95% 5 Years ₹ 39,555
₹ 20,00,000 6.95% 10 Years ₹ 23,170
₹ 20,00,000 6.95% 15 Years ₹ 17,921
₹ 20,00,000 6.95% 20 Years ₹ 15,446
₹ 20,00,000 6.95% 20 Years ₹ 15,446

Sundaram Home Finance Home Loan EMI for ₹ 30 Lakh

The following table shows Sundaram Home Finance Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.95% 5 Years ₹ 59,333
₹ 30,00,000 6.95% 10 Years ₹ 34,755
₹ 30,00,000 6.95% 15 Years ₹ 26,881
₹ 30,00,000 6.95% 20 Years ₹ 23,169
₹ 30,00,000 6.95% 20 Years ₹ 23,169

Sundaram Home Finance Home Loan EMI for ₹ 50 Lakh

The following table shows Sundaram Home Finance Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.95% 5 Years ₹ 98,888
₹ 50,00,000 6.95% 10 Years ₹ 57,925
₹ 50,00,000 6.95% 15 Years ₹ 44,802
₹ 50,00,000 6.95% 20 Years ₹ 38,615
₹ 50,00,000 6.95% 20 Years ₹ 38,615

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the Sundaram Home Finance home loan EMI remain constant or change in future?

No, your Sundaram Home Finance 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 Sundaram Home Finance 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 Sundaram Home Finance interest rate?

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

Will Sundaram Home Finance home loan EMI change in case of prepayment?

Sundaram Home Finance 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 Sundaram Home Finance 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 Sundaram Home Finance 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 Sundaram Home Finance home loan calculator.

Why should I calculate Sundaram Home Finance loan EMI before taking a loan?

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

What is the EMI for home loan in Sundaram Home Finance?

The Sundaram Home Finance EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Sundaram Home Finance home loan calculator. Based on the lowest rate of 6.95% and maximum tenure of 20 years, the Sundaram Home Finance home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 7,723
₹ 12 Lakh ₹ 9,268
₹ 15 Lakh ₹ 11,585
₹ 30 Lakh ₹ 23,169
₹ 50 Lakh ₹ 38,615

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

How accurate is a Sundaram Home Finance Housing Loan EMI calculator?

Online Sundaram Home Finance 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 Sundaram Home Finance home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Sundaram Home Finance Home loan EMI Online?

To pay the EMI of Sundaram Home Finance 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 Sundaram Home Finance home loan EMI calculated?

The Sundaram Home Finance 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 Sundaram Home Finance?

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

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 6.95% 10 years loan ₹ 11,585
₹ 10 Lakh 6.95% 15 years loan ₹ 8,960
₹ 10 Lakh 6.95% 20 years loan ₹ 7,723

What is the EMI for ₹ 20 Lakh home loan in Sundaram Home Finance?

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

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 6.95% 10 years loan ₹ 23,170
₹ 20 Lakh 6.95% 15 years loan ₹ 17,921
₹ 20 Lakh 6.95% 20 years loan ₹ 15,446

What is the EMI for ₹ 30 Lakh home loan in Sundaram Home Finance?

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

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 6.95% 10 years loan ₹ 34,755
₹ 30 Lakh 6.95% 15 years loan ₹ 26,881
₹ 30 Lakh 6.95% 20 years loan ₹ 23,169

What is the EMI for ₹ 50 Lakh home loan in Sundaram Home Finance?

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

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 6.95% 10 years loan ₹ 57,925
₹ 50 Lakh 6.95% 15 years loan ₹ 44,802
₹ 50 Lakh 6.95% 20 years loan ₹ 38,615

What is the EMI for a 25 lakhs home loan in Sundaram Home Finance 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 Sundaram Home Finance:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 6.95% 10 years loan ₹ 28,963
₹ 25 Lakh 6.95% 15 years loan ₹ 22,401
₹ 25 Lakh 6.95% 20 years loan ₹ 19,308

What is the EMI for 12 lakhs home loan in Sundaram Home Finance?

A borrower will pay ₹ 12,309 if he/she takes a loan for 12 years at an interest rate of 6.95%. The 12 lakh home loan emi Sundaram Home Finance may vary across Sundaram Home Finance home loan interest rate.

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Sundaram Home Finance Home Loan News - Jun 2021
  • 2021-06-03 : Sundaram Home Finance revised its home loan rates
    With effect from 1 June 2020, Sundaram Home Finance revised its home loans rates. The new home loan rates start from 6.95%
  • 2021-05-24 : Sundaram Home Finance reported a 68% jump in Q4 profit
    Sundaram Home Finance registered a net profit of Rs36.60cr for the Q4 ended 31st March 2021. Profit from Continuing Operations for Q4 ended 31st March 2021 went up 68% to Rs36.60cr. Loans which includes home, LAP, personal, two-wheeler, car, doctor and education loan along with business and mudra loans went up 18% to Rs459.38cr. Further, the deposit which includes FD and RD went up to Rs1810cr as of 31st March 2021.
  • 2021-01-27 : Sundaram Home Finance Q3 net rose by 36%
    Sundaram Home Finance posted a 36% growth in its net profit for Q3 to Rs 56.24cror. Disbursements for Q3 stood at Rs 4,16.57 crore backed by home, personal, car, two wheeler and gold loans along with business and mudra loans.
  • 2020-11-10 : Sundaram Finance posts ₹192-crore profit in Q2
    Sundaram Finance recorded net profits at Rs 192 crore backed by retail loans like home, personal, gold, two-wheeler and car loan along with business and mudra loans for the quarter ending September 30, 2020. It posted net profits at Rs 269 crore during the corresponding quarter previous year. The company reported disbursements of Rs 3,174 crore in Q2, against Rs 3,832 crore in the year-ago period.
  • 2020-08-11 : Sundaram Finance Ltd posts Rs. 269.26 crore consolidated net profit in Q1
    Sundram Finance reported a net profit of Rs.269.26 crores for the period ended June 30, 2020, as against a net profit of Rs.195.64 crores for the period ended March 31, 2020. It reported total income of Rs.1276.98 crores aided by home loans during the period ended June 30, 2020.
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