Comments on: How Home Loan EMI is calculated ?

By: Manish Chauhan

Manish Chauhan — Mon, 06 Feb 2012 17:27:41 +0000

Aditya

Some maths might be needs in that case .. not aware of that right now .. may be asking it on our Q&A forum would help

By: Aditya

Aditya — Thu, 02 Feb 2012 13:06:39 +0000

Hi Manish – great to see the black magic maths behind the EMI, i do have a question on this though, the above formulae seem to calculate for ‘repayment type loans’ which is fine most of the time. Quite curious what would be the formalae when only the ‘interest component is being paid’ as is common in western countries, clearly the above does not suit those cases?

Thanks
Aditya

By: Manish Chauhan

Manish Chauhan — Mon, 30 Jan 2012 18:13:27 +0000

Tejkant

Good to hear that you liked it

By: tejkant

tejkant — Mon, 30 Jan 2012 10:56:41 +0000

That was really an eye opener

thanks

By: Manish Chauhan

Manish Chauhan — Fri, 13 Jan 2012 13:21:38 +0000

Nirmal

You can use this calculator : http://www.jagoinvestor.com/calculators/html/loan-amortization.html

Manish

By: Manish Chauhan

Manish Chauhan — Fri, 13 Jan 2012 13:20:31 +0000

Nirmal

That means to the power of , you can use our calculator on EMI : http://www.jagoinvestor.com/calculators/html/loan-amortization.html

By: nirmal

nirmal — Fri, 13 Jan 2012 12:21:41 +0000

EMI = (100000 x .00916) x ((1+.00916)^180 ) / ([(1+.00916)^180] – 1)

====> 916 X (5.161846 / 4.161846)

EMI = Rs 1,136

reply me step method : how to calculate ( 1+.00916) ^180
what is mean ^

By: nirmal

nirmal — Fri, 13 Jan 2012 12:19:29 +0000

loan amount 1000000, 60 months , interest 12.25 % how to calculat education loan emi method ? i want step method to find out principle and interest

By: Manish

Manish — Thu, 15 Sep 2011 10:57:01 +0000

Hi Manish,

I have taken a home loan of 17 lakh for 20 years of which only 9.5 lakh is disbursed as yet.Pre EMI interest is being deducted of approx Rs8k .
Can you pls recommend the best options out of below:
1. Get Pre-emi converted to full EMI (of 17k) so that prinicpal also gets reduced
2. Continue paying interest only till full loan disbursement & pay partial repayments from after some intervals to reduced liability

Thanks in advance…!
Manish