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Truhome Finance Home Loan EMI Calculator

Calculate your EMI by using the Truhome Finance Home Loan Calculator

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One of the top home loan lending institutions, Truhome 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. 

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Your Home Loan EMI
₹ 6,859
Total Interest Amount

₹ 323,107

Principal Amount

₹ 5,00,000

Total Payable Amount

₹ 8,23,107

Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months arrow-down-img
  • Years
- +
Min value reached
Max value reached
Calculate Now

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

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

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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.

How to Use the Truhome Finance Home Loan EMI Calculator

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.

How the Truhome Finance Home Loan EMI is Calculated

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.

Benefits of Using Truhome Finance Home Loan EMI Calculator

Free of Charge

The Truhome 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.

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Easy Online Access

This EMI calculator is available online, making it convenient for you to access it anytime, from anywhere.

Quick and Accurate Results

The calculator is designed to deliver a smooth user experience. It not only saves time but also provides instant and accurate results.

As it eliminates the risk of manual errors, you can rely on it to analyse repayment details effectively.

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Better Financial Planning

Knowing your EMI amount in advance helps you avoid future financial stress. It enables you to plan your monthly budget and other expenses well ahead of time.

Compare Loan Options

The calculator makes it easier to compare different loan scenarios. By altering the loan amount, tenure, or interest rate,

 you can find the most suitable option that matches your budget and repayment capacity.

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Informed Decision Making

With clear insights into your EMI, total interest, and overall repayment amount, you can make informed decisions about your home loan.

This reduces the likelihood of misunderstanding and helps you choose responsibly.

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Truhome Finance Home Loan EMI Calculation Example for Different Tenures

Using the Truhome Finance Home Loan EMI Calculator is very simple. All you need to do is enter the values, and the tool will generate results instantly. For this example, the EMI values have been calculated at an interest rate of 8.50%.
Loan Amount Interest Rate EMI for 10 Years EMI for 15 Years EMI for 20 Years

₹15,00,000

8.50%

₹18,598

₹14,771

₹13,017

₹20,00,000

8.50%

₹24,797

₹19,695

₹17,356

₹25,00,000

8.50%

₹30,996

₹24,618

₹21,696

How to Calculate Truhome Finance Home Loan Eligibility

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

Compare Truhome Finance Home Loan EMIs with Other Lenders at Bajaj Markets

Comparing EMIs across lenders helps you make an informed borrowing decision. The table below compares Truhome Finance with banks and NBFCs offering home loans on Bajaj Markets. EMIs are calculated for a ₹25 Lakh loan over 25 years, based on their respective interest rates.

Lender Name Minimum Interest Rate Loan Amount Tenure Approximate EMI

Bajaj Housing Finance

7.35% p.a.

₹25 Lakhs

25 Years

₹18,231

PNB Housing Finance

8.50% p.a.

₹25 Lakhs

25 Years

₹20,132

L&T Finance

8.60% p.a.

₹25 Lakhs

25 Years

₹20,299

LIC Housing Finance

8.65% p.a.

₹25 Lakhs

25 Years

₹20,383

Sammaan Capital

8.75% p.a.

₹25 Lakhs

25 Years

₹20,553

Home First Finance Company

9.00% p.a.

₹25 Lakhs

25 Years

₹20,979

Kotak Mahindra Bank

9.00% p.a.

₹25 Lakhs

25 Years

₹20,981

ICICI Bank

9.00% p.a.

₹25 Lakhs

25 Years

₹20,981

Shubham Housing Finance

9.90% p.a.

₹25 Lakhs

25 Years

₹22,541

Easy Home Finance

10.50% p.a.

₹25 Lakhs

25 Years

₹23,604

Truhome Finance

11.50% p.a.

₹25 Lakhs

25 Years

₹25,411

Vridhi Home Finance

12.00% p.a.

₹25 Lakhs

25 Years

₹26,329

India Shelter

13.00% p.a.

₹25 Lakhs

25 Years

₹28,194

Disclaimer: The above calculations are an estimate and actual amounts may vary depending on the terms.

Related Links

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FAQs on Truhome Finance Home Loan EMI Calculator

Truhome Finance Home Loan EMI Calculator

What are the necessary details required to be entered in the Truhome Finance Home Loan EMI Calculator?

The details required to calculate the EMI amount using the Truhome Finance Home Loan EMI Calculator are:

  • Loan amount

  • Repayment tenure

  • Interest rate

If you miss paying your EMI on time, penal charges will be applied. These are charged at 36% per annum (inclusive of GST), which equals 3% per month on the overdue or defaulted instalment amount. This will increase your repayment burden until the dues are cleared.

The Truhome Finance EMI calculator helps you easily estimate your instalments, compare loan options, and plan finances effectively. It is free, accurate, and accessible online, allowing you to make informed decisions and avoid manual calculation errors.

If your loan is on a floating interest rate, your EMI may vary over time. Any change in the prevailing interest rate will affect your repayment amount accordingly.

The Truhome Finance EMI calculator is highly accurate, as it works using the standard EMI formula. It delivers quick and reliable results, eliminating the errors that often occur with manual calculations.

No. The Truhome Finance EMI calculator only computes the EMI using the principal amount, tenure, and interest rate. It does not factor in processing fees or additional charges, which must be checked separately with the lender.

Yes. The calculator allows you to adjust the loan tenure and instantly view the corresponding EMI. This helps you compare repayment options and choose a tenure that best suits your budget and financial goals.

Yes. You can use the EMI calculator to estimate repayments for top-up and balance transfer loans. By entering the loan amount, tenure, and interest rate, the tool provides quick calculations to help you plan instalments effectively.

Your EMI is directly linked to the interest rate. A rise in rates increases your EMI and overall borrowing cost, while a reduction lowers them. This can significantly impact monthly repayments and your financial planning.

Yes, you can calculate the EMI for a pre-approved Truhome Finance Home Loan. A pre-approval is based on factors like your income, credit profile, and financial standing. The EMI calculator then helps you estimate the repayment amount even before finalising the property.

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