Loan Calculator
Amortization Schedule
Loan Amount
$5,000$2,000,000
Loan Term (Years)
1 Year30 Years
Interest Rate (% p.a.)
0%30%
Down Payment
$0$250,000
Processing Fee (%)
0%5%
Calculation Results
Monthly EMI
$0
Total Interest
$0
Processing Fee
$0
Total Amount Payable
$0
Payment Breakdown
Principal (100.0%)$400,000
Interest (0.0%)$0
Expert Tips & Guidance
Interest Rate Impact
A 1% increase in interest rate can significantly increase your total payment. Shop around for the best rates.
Down Payment Benefits
Higher down payment reduces loan amount, monthly EMI, and total interest paid over the loan term.
Loan Term Strategy
Shorter terms mean higher EMIs but lower total interest. Choose based on your monthly budget.
Fixed vs Floating
Fixed rates offer stability, while floating rates can benefit from market rate reductions.
Loan Insurance
Consider loan protection insurance to safeguard your family against unforeseen circumstances.
Tax Benefits
Home loans offer tax deductions under Section 80C and 24(b). Consult a tax advisor for details.
Frequently Asked Questions