Truhome Finance Home Loan EMI Calculator

The Truhome Finance Home Loan EMI Calculator makes planning your home loan simple and hassle-free. With this tool, you can quickly estimate your monthly EMI based on different interest rates and loan tenures. This tool makes calculations based on your provided amount, tenures, and interest rate details. 

It helps you understand how changes in interest rates or tenures can impact your monthly payments and total interest outgo. You can compare loan offers from multiple lenders on Bajaj Markets, allowing you to make an informed choice.

The Truhome Finance Home Loan EMI Calculator is both user-friendly and straightforward. You can follow these quick steps to calculate the EMIs:

1. Navigate to the Truhome Finance Home Loan EMI Calculator page on Bajaj Markets

2. Enter the loan amount, repayment tenure, and interest rate

3. Tap on the ‘Calculate Now’ button

Along with the EMI value, the calculator will also display the total interest payable, the monthly EMIs, and the total payable amount at the end of your tenure.

The Truhome Finance Home Loan EMI is determined by factors such as your profile, employment status, and income, along with other eligibility requirements. It is also influenced by the principal loan amount, repayment tenure, and interest rate. 

EMIs are also calculated using the formula: 

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

P = Loan Amount (Principal)

R = Monthly Interest Rate

N = Loan Tenure in Months

Example:

Suppose you take a home loan of ₹1 Crore at an interest rate of 11.50% per annum for 300 months.

P = 1,00,00,000

R = 11.50 ÷ 12 ÷ 100 = 0.009583

N = 300

EMI = [1,00,00,000 × 0.009583 × (1+0.009583)^300] / [(1+0.00667)^300 – 1]

Therefore, your monthly EMI will be approximately ₹1,01,647.

Truhome Finance provides a variety of home loan options designed to meet the needs of different applicants. The following criteria outline the basic Truhome Finance Home Loan eligibility requirements:

• Employment Type: Both salaried professionals and self-employed applicants are eligible, subject to other conditions.

• Residential Status: Indian citizen residing in India.

Age Limit for Salaried Individuals 

• Salaried individuals of age up to 60 years

Age Limit for Self-employed Individuals 

• Self-employed individuals of age up to 70 years