Federal Bank Home Loan EMI Calculator

The Federal Bank Home Loan Calculator is a tool that allows you to calculate your monthly mortgage payments based on the loan amount, interest rate, and loan term. To use the calculator, you will need to enter information that includes the loan amount, which is the amount of money you are borrowing to purchase your home, interest rate, which is the annual interest rate on your loan, and loan term, which is the length of time in years that you will be paying off your loan. Once you have entered this information, the calculator will calculate your monthly mortgage payments, including the principal and interest portion of the payment. It will also show you the total interest you will pay over the loan tenure.

What are the Features and Benefits of Using the Federal Bank Home Loans EMI Calculator? 

Some of the key features and benefits of using a Federal Bank Home Loan EMI Calculator are as follows:

• Easy to Use: The Federal Bank Home Loans EMI Calculator is user-friendly and easy to use, allowing customers to calculate their EMI in just a few clicks.
• Accurate Results: The calculator uses advanced algorithms to provide accurate and reliable EMI calculations based on the entered loan amount, interest rate, and loan tenure.
• Customizable: The calculator allows customers to adjust the loan amount, interest rate, and loan tenure to suit their needs and financial situation.
• Amortization Schedule: The calculator provides customers with an amortisation schedule, which shows the breakdown of the EMI payments over the loan tenure.
• Comparison Tool: The calculator also includes a comparison tool, which allows customers to compare different loan options and select the best one for their needs.
• No Obligation: The use of the EMI calculator is free of cost, and customers are under no obligation to take a loan from Federal Bank after using the calculator.
• Convenience: The calculator can be accessed anytime, anywhere, with the help of an internet connection, providing customers with the convenience of calculating their EMI from the comfort of their home.

How Federal Bank Home Loan Calculator Works & Formula?

A Federal Bank home loan calculator is a tool that helps borrowers calculate the estimated monthly instalments and overall interest payable on their home loan. The calculator considers the loan amount, interest rate, and tenure to estimate the EMI and total interest payable.

The formula for calculating the EMI is:

EMI = P x r x (1+r)^n/((1+r)^n-1)

Where,

• P = Loan amount
• r = Interest rate (in decimal form)
• n = Loan tenure (in months)

The formula for calculating the total interest payable is:

Total Interest Payable = (EMI x (n – 1)) – P

To use the Federal Bank home loan calculator, the borrower would need to input the loan amount, interest rate, and loan tenure, and the calculator will automatically calculate the EMI and total interest payable. This allows borrowers to easily compare different loan options and choose the best fit their financial needs and budget.

How Does EMI Calculation Help in Planning the Home Purchase?

EMI (Equated Monthly Installment) calculation helps plan the home purchase by providing an estimate of the monthly payments required to repay the loan. This information is essential for budgeting and determining how much of a home purchase one can afford. The EMI calculation considers the loan amount, interest rate, and loan tenure, allowing buyers to compare different loan options and choose the best suits their needs and budget. The EMI calculation can help buyers plan for future expenses and ensure they have enough money to make their monthly loan payments.

Factors Affecting Federal Bank Home Loan EMI

Several factors can affect the EMI (equated monthly instalment) for a home loan from a federal bank. These include:

• Loan amount: The higher the loan amount, the higher the EMI.
• Interest rate: A higher home loan interest rate will result in a higher EMI, while a lower interest rate will result in a lower EMI.
• Loan tenure: A longer loan tenure will result in lower EMIs, while a shorter loan tenure will result in higher EMIs.
• Processing fees: Some banks may charge processing fees, which can add to the overall cost of the loan and affect the EMI.
• Other charges: Some banks may also charge other fees, such as legal charges, documentation charges, etc., which can also affect the EMI.
• Credit Score: An individual with a higher credit score may be able to negotiate a lower interest rate, which in turn will lower the EMI.

Federal Bank Home Loan Amortisation Schedule?

An amortisation schedule for a home loan from Federal Bank would show the breakdown of payments made over the life of the loan. It would include the following information:

• The loan amount
• The interest rate
• The term of the loan (in months or years)
• The monthly payment amount
• The amount of the payment that goes towards interest and the amount that goes towards the principal
• The remaining balance of the loan after each payment

The amortisation schedule would continue to show the breakdown of payments and the remaining balance for each month until the loan is fully paid off.

Federal Bank Home Loan EMI for INR 10 Lakh

The table shows the calculation of EMI using a Federal Bank Home Loan EMI calculator for an amount of INR 10 Lakhs for a tenure of 10 years. The applied interest rate is 10% per annum.

Year	Principal	Interest	Principal + Interest	Balance to be Paid
1	INR 61,342	INR 97,239	INR 158,581	INR 938,658
2	INR 67,765	INR 90,816	INR 158,581	INR 870,893
3	INR 74,861	INR 83,720	INR 158,581	INR 796,032
4	INR 82,700	INR 75,881	INR 158,581	INR 713,332
5	INR 91,360	INR 67,221	INR 158,581	INR 621,972
6	INR 100,926	INR 57,655	INR 158,581	INR 521,046
7	INR 111,495	INR 47,086	INR 158,581	INR 409,551
8	INR 123,170	INR 35,411	INR 158,581	INR 286,382
9	INR 136,067	INR 22,514	INR 158,581	INR 150,315
10	INR 150,315	INR 8,266	INR 158,581	0

Federal Bank Home Loan EMI for INR 20 Lakh

The table shows the calculation of EMI using a Federal Bank Home Loan EMI calculator for an amount of INR 20 Lakhs for a tenure of 10 years. The applied interest rate is 10% per annum.

Year	Principal	Interest	Principal + Interest	Balance to be Paid
1	INR 122,684	INR 194,478	INR 317,162	INR 1,877,316
2	INR 135,530	INR 181,632	INR 317,162	INR 1,741,786
3	INR 149,722	INR 167,440	INR 317,162	INR 1,592,064
4	INR 165,400	INR 151,762	INR 317,162	INR 1,426,664
5	INR 182,719	INR 134,442	INR 317,162	INR 1,243,945
6	INR 201,853	INR 115,309	INR 317,162	INR 1,042,092
7	INR 222,989	INR 94,173	INR 317,162	INR 819,103
8	INR 246,339	INR 70,823	INR 317,162	INR 572,764
9	INR 272,134	INR 45,028	INR 317,162	INR 300,630
10	INR 300,630	INR 16,532	INR 317,162	0

Federal Bank Home Loan EMI for INR 25 Lakh

The table shows the calculation of EMI using a Federal Bank Home Loan EMI calculator for an amount of INR 25 Lakhs for a tenure of 10 years. The applied interest rate is 10% per annum.

Year	Principal	Interest	Principal + Interest	Balance to be Paid
1	INR 153,355	INR 243,098	INR 396,452	INR 2,346,645
2	INR 169,413	INR 227,039	INR 396,452	INR 2,177,233
3	INR 187,153	INR 209,300	INR 396,452	INR 1,990,080
4	INR 206,750	INR 189,702	INR 396,452	INR 1,783,330
5	INR 228,399	INR 168,053	INR 396,452	INR 1,554,931
6	INR 252,316	INR 144,137	INR 396,452	INR 1,302,615
7	INR 278,736	INR 117,716	INR 396,452	INR 1,023,879
8	INR 307,924	INR 88,528	INR 396,452	INR 715,955
9	INR 340,167	INR 56,285	INR 396,452	INR 375,787
10	INR 375,787	INR 20,665	INR 396,452	0

Federal Bank Home Loan EMI for INR 30 Lakh

The table shows the calculation of EMI using a Federal Bank Home Loan EMI calculator for an amount of INR 30 Lakhs for a tenure of 10 years. The applied interest rate is 10% per annum.

Year	Principal	Interest	Principal + Interest	Balance to be Paid
1	INR 184,026	INR 291,717	INR 475,743	INR 2,815,974
2	INR 203,295	INR 272,447	INR 475,743	INR 2,612,679
3	INR 224,583	INR 251,160	INR 475,743	INR 2,388,096
4	INR 248,100	INR 227,643	INR 475,743	INR 2,139,996
5	INR 274,079	INR 201,663	INR 475,743	INR 1,865,917
6	INR 302,779	INR 172,964	INR 475,743	INR 1,563,138
7	INR 334,484	INR 141,259	INR 475,743	INR 1,228,654
8	INR 369,509	INR 106,234	INR 475,743	INR 859,146
9	INR 408,201	INR 67,542	INR 475,743	INR 450,945
10	INR 450,945	INR 24,798	INR 475,743	0

Federal Bank Home Loan EMI for INR 50 Lakh

The table shows the calculation of EMI using a Federal Bank Home Loan EMI calculator for an amount of INR 50 Lakhs for a tenure of 10 years. The applied interest rate is 10% per annum.

Year	Principal	Interest	Principal + Interest	Balance to be Paid
1	INR 306,709	INR 486,195	INR 792,904	INR 4,693,291
2	INR 338,826	INR 454,079	INR 792,904	INR 4,354,465
3	INR 374,305	INR 418,599	INR 792,904	INR 3,980,160
4	INR 413,500	INR 379,405	INR 792,904	INR 3,566,660
5	INR 456,799	INR 336,106	INR 792,904	INR 3,109,862
6	INR 504,631	INR 288,273	INR 792,904	INR 2,605,230
7	INR 557,473	INR 235,432	INR 792,904	INR 2,047,757
8	INR 615,848	INR 177,057	INR 792,904	INR 1,431,910
9	INR 680,335	INR 112,570	INR 792,904	INR 751,575
10	INR 751,575	INR 41,330	INR 792,904	0

Comparison of Federal Bank Home Loan EMI For INR 50 Lakhs

The table provided below showcases the comparison of Federal Bank Home Loan EMI for an amount of INR 50 Lakhs for different tenures.

Loan Amount	Interest Rate	Tenure	EMI
50,00,000	9.95% – 10%	5	INR 1,06,235
50,00,000	9.95% – 10%	10	INR 66,075
50,00,000	9.95% – 10%	15	INR 53,730
50,00,000	9.95% – 10%	20	INR 48,251
50,00,000	9.95% – 10%	30	INR 43,879

Comparison of Federal Bank Home Loan Interest Rates with other Lending Institutions. 

The following table compares Federal Bank Home Loan Interest Rate with other banks and lenders.

Bank	Interest Rate
Federal Bank	9.90% Onwards
Union Bank of India	8.25% Onwards
HDFC Bank	8.60% Onwards
SBI Bank	8.70% Onwards
ICICI Bank	8.65% Onwards
Axis Bank	8.65% Onwards