Money Saver Home Loan EMI Calculator

Required Loan
Amount

500

₹20L

₹10cr

Tenure (in months)

360

12

360

Interest Rate (%)

7.05

4

15

Avg daily balance
maintained in account

100

₹0

₹10cr
Calculate

  • Regular Home Loan EMI (A)

     

    ₹38,765

  • Money Saver Home Loan EMI

    (Considering the balance maintained in account) (B)

    ₹35,923

  • Monthly EMI saving

     

    ₹2,842

  • Total savings during the tenure

     

    ₹6,82,154

  • Effective reduced Interest Rate

    because of monthly interest benefit

    6.04%

  • Benefit you get on EMI is

     
     

    8%

Give missed call on 9022499400

Note: Daily interest will be calculated on the principal outstanding minus the balance amount. However, if the balance amount is greater than the principal outstanding then balance amount will be capped upto the outstanding principal and accordingly the interest will be calculated. At any given point of time interest benefit will not be available on the balance amount deposited over and above the outstanding principal.