Federal Bank Home Loan EMI Calculator

Federal Bank Home Loan EMI Calculator

The Federal Bank Home Loan EMI Calculator helps you estimate your monthly loan repayments with ease. Whether you’re planning to buy a house or invest in residential property, this calculator gives you a clear idea of your EMI based on key loan parameters.

How the Federal Bank Home Loan EMI Calculator Works

This calculator computes your Equated Monthly Instalment (EMI) based on the loan amount, interest rate, and tenure you provide. It uses the standard EMI formula to deliver accurate results instantly.

Key Inputs Required

• Loan Amount (₹): The total amount you wish to borrow from Federal Bank
• Interest Rate (% p.a.): The annual interest rate is applicable to the home loan
  As of Q1 FY 2024–25, Federal Bank’s home loan interest rates start from 8.80% p.a. (subject to change)
• Loan Tenure (Years/Months): The duration over which you plan to repay the loan is up to a maximum of 30 years

Formula Used to Calculate EMI

EMI = [P × R × (1 + R)^N] ÷ [(1 + R)^N – 1]

• P: Principal loan amount
• R: Monthly interest rate = Annual interest rate ÷ 12 ÷ 100
• N: Total number of monthly instalments = Tenure in years × 12

Benefits of Using This Calculator

• Quick and accurate results
• Helps in financial planning before loan application
• Easily compare EMIs for different interest rates and tenures
• Accessible 24/7 for free

Example Calculation

Assumptions:

• Loan Amount = ₹30,00,000
• Interest Rate = 8.80% p.a.
• Tenure = 20 years

Calculation:

• R = 8.80 / 12 / 100 = 0.007333
• N = 20 × 12 = 240 months
• EMI = ₹26,591 (approx.)

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.