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Shubham Housing Finance EMI Calculator

Shubham Housing Finance EMI Calculator is an online tool that calculates EMI amounts towards your loan, free of cost.

Your Home Loan EMI

₹ 6,859

Total Interest Amount

₹ 323,107

Principal Amount

₹ 5,00,000

Total Payable Amount

₹ 8,23,107

Loan Amount

Interest Rate

- +

Tenure

- +

Calculate Now

You can also make instant comparisons between loan offers from multiple Home Loan providers on Bajaj Markets.

The Shubham Housing Finance home loan EMI Calculator is an online tool that calculates EMI amounts towards your loan, free of cost. It will help you choose the best-suited option according to your financial needs by outlining an amortisation schedule.

You can also make instant comparisons between loan offers from multiple home loan providers on Bajaj Markets. Do so easily by entering these three variables:

The amount of the loan
The repayment tenure
The rate of interest

Furthermore, you can gain deeper insights into your loan instalments with the free amortisation schedule, which you will get with each calculation.

How to Use the Shubham Housing Finance Home Loan EMI Calculator

The Shubham Housing Finance Home Loan EMI calculator is simple and user-friendly. The user must follow these quick and simple steps:

Visit the Shubham Housing Finance Home Loan EMI Calculator page
Enter the amount of the loan that you wish to get.
Select the loan repayment tenure.
Choose the interest rate at which Shubham Housing Finance is offering the home loan.
View the results displayed automatically on the left panel.

After entering these variables, the calculator processes the EMI amount that you will have to pay. It will take just a few seconds to display the EMIs and the interest payable. Moreover, you can also alter these values to compare the ideal EMI option according to your budget.

How the Shubham Housing Finance Home Loan EMI is Calculated

You can also calculate your home loan EMI using this manual formula:

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

Here:

P is the principal loan amount
R is the rate of interest
N is the loan tenure

Example:
If you borrow ₹20 Lakhs at an interest rate of 9.90% p.a. for 120 months, your monthly EMI will be ₹26,319. The total interest payable will amount to ₹11,58,342, making the overall repayment ₹31,58,342.

Manual EMI calculations can be time-consuming and prone to errors. Using an EMI calculator ensures quick and accurate results. However, note that late payment charges are not factored in, as they are not mandatory and apply only in case of delayed repayments.

Benefits of Using the Shubham Housing Finance Home Loan EMI Calculator

Simple to Use

Manual EMI calculations are complex. This calculator simplifies the process by requiring only the loan amount, interest rate, and tenure to provide instant EMI and interest details.

Accessible Anytime

The tool is available online and can be used conveniently from anywhere. You can adjust variables and recalculate results multiple times without visiting a branch.

Time-Saving

Manual calculations are time-consuming and prone to errors. The calculator delivers accurate results quickly, provided you enter the correct loan details.

Facilitates Comparison

It allows you to compare interest rates from different lenders, helping you select the most cost-effective option.

Shubham Housing Finance Home Loan EMI Amount Calculation Example at Different Tenures

There are three main factors that influence the EMI amount that you may have to pay toward a loan. Apart from the interest rate and loan amount, the repayment tenure is an important factor that determines the EMI amount for your loan.

The following table showcases the EMI amount that you may have to pay when taking home loans at different tenures. The EMI values show results based on a 9.90% p.a. interest rate:

Loan Amount	10-year Tenure (120 Months)	15-year Tenure (180 Months)	20-year Tenure (240 Months)
₹15,00,000	₹19,740	₹16,027	₹14,376
₹20,00,000	₹26,320	₹21,370	₹19,168
₹30,00,000	₹39,479	₹32,055	₹28,752
₹40,00,000	₹52,639	₹42,740	₹38,336
₹50,00,000	₹65,799	₹53,425	₹47,920

Disclaimer: The above EMIs are calculated with the calculator available on Bajaj Markets. Actual figures may vary depending on the loan terms.

Shubham Housing Finance Home Loan Eligibility Criteria

To qualify for a home loan, you need to meet the following specific conditions set by Shubham Housing Finance:

You have to be an Indian citizen
Your age has to be between 21 and 65 years
Your residential address should be within the serviceable area of Shubham Housing Finance
When two or more people’s income is considered for loan approval, you need to add them as co-applicants in the loan application

Compare Shubham Housing Finance Home Loan EMI With Other Lenders on Bajaj Markets

You can assess the position of Shubham Housing Finance Home Loan EMI in comparison with other lenders listed on Bajaj Markets. Here is a table based on a standard loan amount and tenure for various partner lenders:

Lenders	Starting Interest Rate (Per Annum)	Loan Amount	Tenure	EMI Amount
Bajaj Housing Finance	7.35%	₹15 Lakhs	10 years	₹17,688
PNB Housing Finance	8.50%	₹15 Lakhs	10 years	₹18,598
L&T Finance	8.60%	₹15 Lakhs	10 years	₹18,678
LIC Housing Finance Limited	8.65%	₹15 Lakhs	10 years	₹18,718
Sammaan Capital	8.75%	₹15 Lakhs	10 years	₹18,799
Kotak Mahindra Bank	9.00%	₹15 Lakhs	10 years	₹19,001
Home First Finance Company	9.00%	₹15 Lakhs	10 years	₹19,001
ICICI Bank	9.00%	₹15 Lakhs	10 years	₹19,001
Easy Home Finance	10.50%	₹15 Lakhs	10 years	₹20,240
Truhome Finance	11.50%	₹15 Lakhs	10 years	₹21,089
Vridhi Home Finance	12.00%	₹15 Lakhs	10 years	₹21,521
India Shelter	13.00%	₹15 Lakhs	10 years	₹22,397

Disclaimer: The above-mentioned information is subject to change as per changes in the lenders’ policies.


Shubham Housing Finance Loan Against Property	Shubham Housing Finance Customer Care Number
Shubham Housing Finance Home Loan Balance Transfer	Shubham Housing Finance Loan Against Property Balance Transfer
Shubham Housing Finance Home Loan

Other Partner Home Loan EMI Calculator

LIC Housing Home Loan EMI Calculator	ICICI Home Loan EMI Calculator
Bajaj Housing Finance Home Loan EMI Calculator	HFFC Home Loan EMI Calculator
PNB Home Loan EMI Calculator	Truhome Finance Home Loan EMI Calculator

Frequently Asked Questions

Shubham Housing Finance EMI Calculator

How can you get a repayment schedule for the Shubham Housing Finance Home Loan EMI?

You can download the repayment schedule from the official website of the lender. On Bajaj Markets, the EMI calculator displays an amortisation schedule with clear details of your monthly instalments.

What is the best way to calculate the EMI for a Shubham Housing Finance Home Loan?

You can use either the mathematical formula or any software to calculate your EMIs. However, the Shubham Housing Finance EMI calculator is one of the best tools as it provides the results instantly. Moreover, the process is completely convenient and hassle-free.

Why should I calculate my Shubham Housing Finance Home Loan EMI in advance before taking a loan?

Calculate your EMIs in advance to ensure the loan is fitting with your budget. This will help you to plan your repayments without delays or defaults. This is a long-term loan, so a strategic approach is important.

Is the Shubham Housing Finance Home Loan EMI constant or changes with an interest rate change in future?

If the interest rate changes in the future, your EMI amount will change. This is particularly applicable for floating interest rates. A revision in the rate can directly impact the EMI amount or the loan tenur

What is the level of accuracy of the Shubham Housing Finance Home Loan EMI calculator?

A Home Loan EMI Calculator delivers accurate and reliable results. It uses a specific algorithm to calculate the EMI, interest, and total payable amount.

Does the Shubham Housing Finance Home Loan EMI Calculator include processing fees?

No, there is no processing fee for the calculation. You can try different combinations and compare the options without paying any charges.

Can I calculate the EMI for different loan tenures using the Shubham Housing Finance Home Loan Calculator?

Yes, you can calculate with any tenure you want, but make sure it does not exceed the lender’s highest tenure offer, which is 360 months.

Can I use the Shubham Housing Finance Home Loan EMI Calculator for top-up or balance transfer loans?

The Shubham Housing Finance Home Loan EMI Calculator can be used for regular, top-up, and balance transfer loans. All these loan types follow the same formula and requirements for EMI calculation.

How does changing the interest rate affect my Shubham Housing Finance Home Loan EMI?

Your EMI will change with the fluctuation of the interest rate. With a floating rate, it will vary as per market dynamics.

Can I calculate the EMI for a pre-approved Shubham Housing Finance Home Loan?

Yes, as the rates are clear, you can get the results by entering the loan amount, interest rate, and tenure to get accurate results.

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Shubham Housing Finance EMI Calculator

₹ 323,107

₹ 5,00,000

₹ 8,23,107

How to Use the Shubham Housing Finance Home Loan EMI Calculator

How the Shubham Housing Finance Home Loan EMI is Calculated