Calculate your Home Loan EMIs instantly
Our Home Loan EMI calculator is a simple tool that helps you know your EMIs before applying for the loan. Basis on your principal amount, loan tenure and interest rate, you can calculate, plan and distribute your loan EMIs over a convenient tenure.
- 1L
- 20L
- 40L
- 60L
- 80L
- 1 Cr
- 9.5
- 11.5
- 13.5
- 15.5
- 17.5
- 19.55
- 1
- 3
- 6
- 9
- 12
- 15
- 18
- 21
- 24
- 27
- 30
Home Loan Eligibility Calculator
- 10K
- 20L
- 40L
- 60L
- 80L
- 1 Cr
- 1
- 3
- 6
- 9
- 12
- 15
- 18
- 21
- 24
- 27
- 30
- 9.5
- 11.5
- 13.5
- 15.5
- 17.5
- 19.55
- 0
- 20L
- 40L
- 60L
- 80L
- 1 Cr
Our intuitive Home Extension Loan Eligibility Calculator simplifies the process, allowing you to assess your eligibility hassle-free.
Understanding Your Eligibility
Your eligibility for a home loan is influenced by various factors, including your salary, age, credit score, financial obligations, and credit history. Our calculator processes these details to determine your eligible loan amount. By utilizing this tool, you not only gain clarity about your borrowing capacity but also safeguard your credit score by avoiding unnecessary loan rejections.
Simple Steps to Check Your Eligibility
- Step 1: Enter your net income.
- Step 2: Choose a tenure aligned with your financial plans for manageable repayments.
- Step 3: Select the applicable interest rate.
- Step 4: Enter your existing EMIs, if any, to understand their impact on your eligibility.
The user-friendly calculator will promptly display the home loan amount you qualify for, allowing you to plan your homeownership journey with precision.
Optimize Your Home Extension Loan Journey with Grihum Housing Finance
Embarking on your homeownership journey has never been easier. We prioritise your experience, ensuring a seamless and transparent process. Here's a guide to address your queries and help you make informed decisions.
1. Clear debts: Settle outstanding debts and pending loans promptly to enhance your eligibility.
2. Optimise Loan Tenure: Extending the loan tenure can reduce EMIs, making you eligible for a higher loan amount. However, consider the impact on overall interest payments.
3. Joint Applications: Applying jointly with a co-applicant can boost your eligibility, increasing your chances of securing the desired home extension loan amount.
Empower yourself with knowledge, optimise your eligibility, and take confident steps toward your dream home. Grihum Housing Finance is here to support you at every stage of your homeownership journey.
Calculate your Home Loan Balance Transfer EMI
Existing Loan
- 1L
- 20L
- 40L
- 60L
- 80L
- 1 Cr
- 1
- 3
- 6
- 9
- 12
- 15
- 18
- 21
- 24
- 27
- 30
- 9.5
- 11.5
- 13.5
- 15.5
- 17.5
- 19.55
Loan from Grihum Home Loans
- 1
- 3
- 6
- 9
- 12
- 15
- 18
- 21
- 24
- 27
- 30
- 9.5
- 11.5
- 13.5
- 15.5
- 17.5
- 19.55
Note: Our calculators are easy-to-use tools that can assist your financial plans. The calculations rely on several factors along with the assumptions that are provided by you. Therefore, we do not assure their accuracy and relevance to your situations.
Our home loan balance transfer calculator helps you forecast the money you can save after transferring your home loan to Grihum Housing Finance. It shows the revised EMI and tenure based on the below values of your existing home loan:
- Principal Outstanding
- Tenure
- Rate of interest
Steps to utilize our Home Loan Balance Transfer Calculator
- 1. Enter the principal amount standing amount
- 2. Specify the balance loan tenure
- 3. Specify current home loan interest rate
- 4. Select new loan ROI and tenure
- 5. The calculator will show the savings on each EMI and proposed EMI, and other factors that will help you make an informed decision, in case you make a balance transfer to Grihum Housing Finance.
Why use our home loan balance transfer calculator?
Our intuitive home loan balance transfer calculator gives an idea about the reduced interest outflow after you switching from your existing loan provider. Thus, it helps you understand how you can reduce your EMI burden and assists you in making better financial decisions.
The calculator also gives you an idea if you can avail of a more flexible and longer tenure upon transferring the loan balance to Grihum Housing Finance.
Home Loan Tax Benefit Calculator
- 1L
- 1 Cr
- 2 Cr
- 3 Cr
- 4 Cr
- 5 Cr
- 10K
- 2L
- 4L
- 6L
- 8L
- 10L
- 10K
- 2L
- 4L
- 6L
- 8L
- 10L
Our home loan tax benefit calculator enables you to get an estimate of the amount of tax that you can save by claiming deductions as per the Income Tax act. As per the Income Tax Act (1961), you can receive tax benefits on both home loan components i.e. the principal and interest amount.
Eligibility for claiming tax deductions
As per Section 80C of IT Act, a deduction of up to Rs. 1,50,000 can be claimed every year for repaying the principal on properties that are both rented and self-occupied. To qualify for this benefit, you must avoid selling the property till it completes 5 years from the date of possession.
As per section 24B of the Income Tax Act, you can claim a deduction of Rs. 2,00,000 if you take possession or construct a house within the first 5 years once you take a home loan. If the period of 5 years exceeds, you will be able to claim only Rs. 30,000.
How does our home loan calculator work?
The home loan tax benefit calculator will forecast the tax benefit as per your age, whether you have applied for a joint-home loan, the income tax slab you belong to, and several other factors. With the help of this intuitive home loan tax benefit calculator, you will get to know about the tax benefits accurately based on these factors:
- Age
- Annual Income
- Interest repaid on the home loan
- The principal amount repaid on the home loan
Disclaimer*
Our calculators are easy-to-use tools that can assist your financial plans. The calculations rely on several factors along with the assumptions that are provided by you. Therefore, we do not assure their accuracy and relevance to your situations.
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