Calculate your Home Loan EMI by using the HFFC Home Loan Calculator at Bajaj Markets
Home First Finance Company (HFFC) offers attractive home loans, but you must plan ahead to borrow wisely. Having a clearly drawn-out plan for EMI payments and loan managements helps you safeguard your financial stability. Moreover, it helps you get the best deal possible, making it well worth the effort.
An easy way to get a clear idea about your EMIs is to use the HFFC Home Loan EMI calculator. The EMIs you must pay to service a home loan will depend on several variables, like:
Loan repayment tenure
Principal amount borrowed
Applicable interest rate
To know more about the EMI calculator, and how it can help you plan your HFFC Home Loan better, read on.
To find the amount of monthly instalment against the HFFC Home Loan, you can use the Housing Loan EMI calculator available on Bajaj Markets. It is an easy-to-use online tool that you can use for free.
You just have to follow the steps given below to check the EMI amount using the HFFC Home Loan calculator:
Step 1: Enter the desired loan amount
Step 2: Choose the suitable repayment tenure
Step 3: Select the interest rate at which HFFC is offering you a loan
Once you have entered these values, the EMI amount, along with the other key loan details will be clearly displayed on the screen. If you accept these terms, you can also click on “Apply Now” and start the application process.
The Home First Finance EMI calculator requires you to enter the tenure as one of the three criteria to calculate the EMI amount. This is because the length of your tenure plays an important part in calculating your overall EMI.
Here is a representation of how your HFFC Home Loan EMI amount changes across different tenures. The EMIs given are based on the interest rate of 9.50%:
Loan Amount |
Loan EMI amount on the basis of the repayment tenure |
||
15 years |
20 years |
25 years |
|
₹20 Lakhs |
₹24,003 |
₹22,022 |
₹21,064 |
₹40 Lakhs |
₹48,007 |
₹44,043 |
₹42,129 |
₹60 Lakhs |
₹72,010 |
₹66,065 |
₹63,193 |
₹80 Lakhs |
₹96,013 |
₹88,087 |
₹84,258 |
Disclaimer: The above EMIs are calculated with the calculator available on Bajaj Markets. Actual figures may vary depending on the loan terms.
The HFFC Home Loan EMI calculator is a useful online tool that allows you to get an estimate of the EMIs you need to pay. So, you can use the HFFC Home Loan EMI calculator on Bajaj Markets and make your future financial plans accordingly.
Yes, you can get your HFFC Home Loan EMI reduced. You can get it done by either partially prepaying the same or opting for a longer loan repayment tenure.
Additionally, you can even request the lender to reduce your home loan interest rate if you have a good relationship with them.
The maximum tenure on the Home First Finance EMI calculator is 360 months or 30 years.