Disclaimer

This is to inform that by clicking on the link, you will be leaving our www.sc.com/in and entering a website operated by other parties:

Such links are only provided on our website for your convenience and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

Thank you for visiting our www.sc.com/in

Proceed to third party website
Home Loan EMI Calculator
Home Loan EMI Calculator
  1. Loans
  2. Home Loan EMI Calculator

Calculate Housing Loan EMI easily & quickly with Standard Chartered
Benefits of using Standard Chartered Home Loan EMI Calculator
  • to use, understand & calculate home loan EMI

  • for servicing home loans

  • for buying dream house

Home Loan EMI Calculator

Easily calculate your Home Loan EMI

A Home Loan EMI Calculator is an online financial planning tool for Home buyer. It helps in calculation of monthly repayments, a home loan EMI by just entering the loan amount you wish to borrow, tenure that you wish to pick with available annual interest rate.

Home Loan EMI is the monthly payment that you make to repay your home loan within the given tenure. The amount repayable (principal amount + interest amount) is divided into equal instalment payable every month throughout the tenure of the loan.

Factors that affect Home Loan EMI are :

  • Principal – It is amount of loan borrowed. It is directly proportional to home loan EMI, i.e higher the principal, higher the EMIs
  • Interest Rate – It is the Rate of Interest at which lender offers the loans. It is directly proportional to EMIs. i.e higher interest rate will lead to higher EMI
  • Loan tenure – It is the time in which you repay your housing loan. It is inversely proportional i.e higher the tenure, smaller will be home loan EMI. But remember that longer the tenure, higher will be interest outgo.

With Standard Chartered Home loan EMI calculator, you can calculate the EMI amount that needs to be paid every month on housing loan thus helping you to take informed decisions while buying your dream house. This also helps in estimating Home loan amount that can be availed basis the cost of the property & home loan EMIs that needs to be paid every month.

A Home Loan EMI calculator is an easy-to-use tool. You just have to enter the following details in the calculator:

  • Loan amount – The amount that you wish to avail.
  • Loan period – The desired loan tenure for which you want to avail the home loan.
  • Annual interest – Enter the applicable interest rate.

Once you will fill in all the details, your home loan calculator will calculate the EMI towards your home loan.

A Home Loan Amortization Schedule is a break-up of amounts repaid towards Principal & interest with the respective balances every year through out the tenure of loan. Standard Chartered Home Loan EMI Calculator helps in understanding the ratio of principal amount to the interest due based on loan tenure & interest rates.

Your home loan EMI will be due on a fixed date every month. Once your home loan is disbursed, this date will be notified to you.

Yes, home loans can be availed to upgrade an existing residential property. Home renovation loans are the best options available for those who wish to repair or renovate their existing house.

Following are eligible to buy Standard Chartered Home Loan:

  • Salaried individuals (Government or private sector employee)
  • Self-employed individuals (Business profile and filing ITR)
  • Resident and non-resident Indians
  • Individuals aged between 21-65 years of age

Home loan EMI comes with a host of tax benefits. You are entitled to avail the following tax benefits while taking a home loan –

  1. Section 80C of the Income Tax Act allows home borrowers to claim a tax deduction of up to Rs 1.5 Lakh for the home loan principal repayment done in the financial year.
  2. Under Section 24(b) of the ITR, you can claim a deduction of up to Rs 2 Lakh on the interest amount paid on a home loan, where the loan has been taken for purchase or construction.

Here’s why you should choose Standard Chartered home loan –

  1. Attractive interest rates of up to 7.49% p.a.
  2. Simple and hassle-free application process
  3. Flexible repayment tenure
  4. Cashback facilities on home loans
  5. Get loan amount up to Rs. 35 Crore
  6. No prepayment charges
  7. Tax benefits on Home Loan
  • Transfer your existing Home Loan to Standard Chartered & ease  your EMIIs  with simplified balance transfer solution at attractive interest rate starting from 7.49% p.a
  • Prepay your home loans & pay off the outstanding loan amount with prepayment facility offered by Standard Chartered.
  • Reduce your EMI every month by extending the home loan tenure.
Mortgages Loan Against Property
Mortgages Loan Against Property
Home Saver Online
Home Saver Online
BACK TO TOP