Make your dream come true. Calculate your Home Loan EMI

Factors that affect Home Loan EMI are :

• Principal – It is amount of loan borrowed. It is directly proportional to home loan EMI, i.e higher the principal, higher the EMIs
• Interest Rate – It is the Rate of Interest at which lender offers the loans. It is directly proportional to EMIs. i.e higher interest rate will lead to higher EMI
• Loan tenure – It is the time in which you repay your housing loan. It is inversely proportional i.e higher the tenure, smaller will be home loan EMI. But remember that longer the tenure, higher will be interest outgo.

A Home Loan EMI calculator is an easy-to-use tool. You just have to enter the following details in the calculator:

• Loan amount – The amount that you wish to avail.
• Loan period – The desired loan tenure for which you want to avail the home loan.
• Annual interest – Enter the applicable interest rate.

Once you will fill in all the details, your home loan calculator will calculate the EMI towards your home loan.

Your home loan EMI will be due on a fixed date every month. Once your home loan is disbursed, this date will be notified to you.

Following are eligible to buy Standard Chartered Home Loan:

• Salaried individuals (Government or private sector employee)
• Self-employed individuals (Business profile and filing ITR)
• Resident and non-resident Indians
• Individuals aged between 21-65 years of age

Here’s why you should choose Standard Chartered home loan –

• Attractive interest rates
• Simple and hassle-free application process
• Flexible repayment tenure
• Get loan amount up to Rs. 35 Crore
• No prepayment charges
• Tax benefits on Home Loan

With Standard Chartered Home loan EMI calculator, you can calculate the EMI amount that needs to be paid every month on housing loan thus helping you to take informed decisions while buying your dream house. This also helps in estimating Home loan amount that can be availed basis the cost of the property & home loan EMIs that needs to be paid every month.

A Home Loan Amortization Schedule is a break-up of amounts repaid towards Principal & interest with the respective balances every year through out the tenure of loan. Standard Chartered Home Loan EMI Calculator helps in understanding the ratio of principal amount to the interest due based on loan tenure & interest rates.

Yes, home loans can be availed to upgrade an existing residential property. Home renovation loans are the best options available for those who wish to repair or renovate their existing house.

Home loan EMI comes with a host of tax benefits. You are entitled to avail the following tax benefits while taking a home loan –

• Section 80C of the Income Tax Act allows home borrowers to claim a tax deduction of up to Rs 1.5 Lakh for the home loan principal repayment done in the financial year.
• Under Section 24(b) of the ITR, you can claim a deduction of up to Rs 2 Lakh on the interest amount paid on a home loan, where the loan has been taken for purchase or construction.

• Transfer your existing Home Loan to Standard Chartered & ease  your EMIIs  with simplified balance transfer solution at attractive interest rate
• Prepay your home loans & pay off the outstanding loan amount with prepayment facility offered by Standard Chartered.