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Select the loan amount range
- 0L
- 20L 40L 60L 80L
- 1Cr
- 1% 5% 10% 15% 20%
- 12 month
- 360 months
Your Monthly EMI is ₹13,432
Home Loan Amortization Schedule
Below Home Loan Amortization table illustrating how much goes towards principal and interest over time. The below table is based on the above calculator’s inputs.
Land Loan EMI Calculator FAQs
Understanding Land Loan EMI
Equated Monthly instalment (EMI) is the fixed amount you pay every month towards the repayment of your loan. It includes both the principal amount and the interest. The EMI amount remains constant throughout the loan tenure, making it easier for borrowers to plan their finances.
Why Use a Land Loan EMI Calculator?
Land loan EMI calculator can be used for various reasons:
- Financial Planning: Knowing your EMI helps you plan your budget better and ensures you don’t overcommit financially.
- Loan Comparison: It allows you to compare different loan offers based on the EMIs, helping you choose the most suitable option.
- Quick and Accurate: The calculator provides instant and accurate results, saving you from complex manual calculations.
- Transparency: It gives you a clear picture of your repayment schedule, helping you understand the distribution of interest and principal over the loan tenure.
How to Use the ICICI Bank Land Loan EMI Calculator
Our Land Loan EMI Calculator is designed to be user-friendly and efficient.
Here’s a step-by-step guide on how to use it:
- Enter Loan Amount: Input the total amount you intend to borrow for purchasing the land.
- Enter Interest Rate: Input the interest rate offered by the lender.
- Select Loan Tenure: Choose the tenure of the loan, typically in months or years.
- Calculate EMI: Click the 'Calculate' button to instantly view your EMI amount.
