✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

One of the top home loan lending institutions, Shriram Housing Finance Limited, started its business in December 2011. They follow an extremely comprehensive approach towards providing their consumers with customised home loan solutions. Their main vision is to provide ‘Housing for All’ with a unique mission of ‘Finding Ways to Funding Homes’ for the under-tapped population of the country. 

Using an EMI calculator will help you get a visual display of the EMI amounts you will be required to pay based on your loan amount, repayment tenure, and interest rate. This will help you have a clear understanding of how to plan your finances better, thereby making your budget management process smooth.

You can conveniently apply for Shriram home loans on Bajaj Markets by a few easy clicks. Read on to know more about how you can also reap the benefits of their EMI calculator to get a visual display of your EMI amounts, thereby helping you plan your financial future better!

Calculate Shriram Home Loan EMI Online

Loan Amount
Rate of Interest
Home Loan
Your Monthly Home Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Year EMI Principal Interest Balance

How is Home Loan EMI Calculated by Shriram Housing Finance?

The Shriram Housing Finance Home Loan is calculated based on the applicant’s profile, employment status, income, and other requirements. It is also affected by the principal loan amount, repayment tenure, and interest rate.

How to use Shriram Finance EMI Calculator

The Shriram Housing Finance Home Loan EMI calculator is user-friendly and straightforward. Follow these simple and quick steps to calculate the EMI you are required to pay:

  • Step 1: Navigate to the online EMI calculator page of Shriram Housing Finance Limited on Bajaj Markets.

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

  • Step 3: Tap on the ‘Calculate’ button.

The value of your EMI will now be displayed on your screen.

Shriram Housing Finance EMI Calculation Formula

The basic EMI calculation formula by Shriram Housing Finance Limited is mentioned below:

EMI = (P*R/12)*[(1+R/12)^N]/[(1+R/12)^N-1]


P = Principal amount

R = Rate of interest

T = Repayment tenure

N = Compounding frequency

Shriram Home Loan EMI at Different Tenures

The Shriram Finance EMI calculator uses the concept of compound interest for the calculation of EMI. All you are required to do is enter the necessary values and the functionality will apply the formula to display results on your screen instantly.

Let’s look at the table mentioned below to check out the various EMI options available for different tenures:

Please Note: The EMI values have been calculated at an interest rate of 12%.

Loan Amount (Rs.)

Interest Rate (%)

EMI for 10  Years (Rs.)

EMI for 15 Years (Rs.)

EMI for 20 Years (Rs.)
















Benefits of Using Shriram Home Loan EMI Calculator

The benefits of using the Shriram Home Loan EMI calculator are as follows:

  • Free of Charge 

The Shriram Housing Finance home loan EMI calculator is free of any cost. You can use the calculator to calculate your EMI as many times as you wish. You can alter the values with no frequency limitations without having to pay any fee. 

  • 100% Online Access

The Shriram Finance EMI calculator is available online, thereby making it easy for you to access it at any time as per your convenience.

  • Convenient 

The Shriram Housing Finance EMI calculator provides you with a smooth user’s experience. It not only saves you time but also gives you instant results. It is a trusted tool as it eliminates the manual errors of EMI calculations and provides you with reliable results, thereby enabling you to analyse them.

  • Better Financial Planning

Knowing your home loan EMI amount beforehand saves you from future financial burdens. This will help you plan your finances and other budgets well in advance. 

Read More

Factors Affecting Shriram Home Loan EMI

There are several factors that have an impact on the EMI value of the SHFL home loan. They are mentioned below:

  • Principal Amount 

The loan amount is the first as well as the major factor that impacts the value of your EMI. Your EMI value and the loan amount are directly proportional to each other. Higher the loan amount, greater the value of your EMI.

  • Repayment Tenure 

The tenure of your loan amount is inversely proportional to the value of your EMI. The longer is the tenure of your loan, greater will be the EMI value.

  • Rate of Interest

The interest rate that will be applicable on your loan amount is determined by considering the factors that are given in your application form. Higher the interest rate, greater will be the EMI value.

  • Type of Loan

SHFL offers multiple types of home loans at varying interest rates. This ultimately influences the value of your EMI.

  • Profile of the Applicant

Your bank records, credit history, employment history, and various other factors also influence the EMI amount.

  • Credit Score

Your credit score plays a major role in determining your EMI value. If you have a higher credit score higher than 750, your home loan EMI will be lesser, and vice versa.  

Read More

FAQs on Shriram Housing Finance EMI Calculator

What are the necessary details required to enter in the Shriram Finance EMI calculator?

In order to calculate the EMI amount by using the Shriram Home Loan EMI calculator, you need to enter the loan amount, repayment tenure, and the interest rate.

What happens if I don’t pay my Shriram Finance Home Loan EMI?

If you don’t pay your Shriram Home Loan EMI, your credit score will drop. Besides, you will have to pay late payment penalties and your chances of balance transfer will also be affected.

How can a Shriram Finance Home Loan EMI calculator be beneficial for finding out the EMI?

A Shriram Finance Home Loan EMI calculator helps you calculate your EMI conveniently on an online platform with a few clicks within a few seconds. It is free of cost, eliminates manual errors, and there is no limitation to the number of times you can use it. It helps you plan your finances better.

Loan Offer
Download App
Credit Score