My Account Customer Portal
EMI EMI Card
Shop on App Shop on App
ONDC_Header_Steal Deals Steal Deals
Hi Guest
Customer Portal My Report
Logout

Shriram Finance Home Loan Calculator

Calculate your EMI by using the Shriram Finance Home Loan Calculator

...

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. 

 Read More
Your Home Loan EMI
₹ 6,859
Total Interest Amount
₹ 323,107
Principal Amount
₹ 500,000
Total Payable Amount
₹ 823,107
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
Check Offer

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

...

 

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

 Read More

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!

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.

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.

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]

Where,

P = Principal amount

R = Rate of interest

T = Repayment tenure

N = Compounding frequency

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.)

15,00,000

12

21,521

18,003

16,516

20,00,000

12

28,694

24,003

22,022

25,00,000

12

35,868

30,004

27,527

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.

 Read More

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.

 Read More

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. 
View More

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.  

FAQs on Shriram Housing Finance EMI Calculator

Shriram Finance Home Loan 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.

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.

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.

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Credit Score
Credit Score
Accounts
Accounts
Explore
Explore

Trending Categories

Loans

Personal Loan, Business Loan, Collateral

arrow

Investment

Fixed Deposit, Mutual Fund, NPS, Demat A/C, SGB

arrow

Insurance

General Insurance, Life Insurance, Term Insurance

arrow

Chota Insurance

Assistance, Travel, Health, Lifestyle

arrow

ONDC

Smart Phone, Speaker, EarPhone

arrow

Related Calculators

Personal loan EMI Calculator

Home Loan EMI Calculator

Gold Loan EMI Calculator

Business Loan Eligibility Calculator

Our Products

Personal Loan
Pre-approved
Personal Loan
KreditBee
Olyv
Federal Bank
mPokket
15+
Quick Approval
100% Digital Application
Affordable Interest Rates
Business Loan
Lendingkart
IIFL
Indifi
Credit Saison
10+
Popular Choice
No Documentation
4-step Process
Home Loan
Bajaj Housing Finance
ICICI Bank
L&T Finance
Vridhi Home Finance
10+
Flexible Repayment Tenure
High-value Funding
Zero Prepayment Charges
Home Loan Balance Transfer
Shriram Housing Finance
LIC HFL
PNB Housing Finance
Shubham Housing Finance
7+
Top-up Facility
Minimal Paperwork
Hassle-free Process
Two-wheeler Loan
Bajaj Auto Finance
L&T Financial Services
Muthoot Capital
2+
Pre-approved Offers
Easy Cash Options
Flexible Repayment Tenures
Credit Card
Axis Bank
ICICI Bank
RBL Bank
Rupicard
30+
Promotional Offers
Travel Benefits
Rewards Programs
EMI Card
Bajaj Finserv
1
Zero Forecloseure Charges
High Loan Limit
Flexible Tenure
Fixed Deposit
Bajaj Finance
Yes Bank
PNB Housing Finance
Ujjivan Small Finance Bank
5+
Assured Returns
Credit Facility
Tax Benefits
Mutual Fund
Axis Mutual Fund
Edelweiss Mutual Fund
Union Mutual Fund
Kotak Mahindra Mutual Fund
43+
Tax Benefits
Professional Fund Management
Portfolio Diversification
Demat
Bajaj Financial Securities Limited
1
Instant Transfer
Multiple Access
Collateral for Loan
Health Insurance
TATA AIG
ABHI
BAGIC
Care Health Insurance
4
Cost-effective Policies
Easy Comparison
High Coverage
Car Insurance
TATA AIG
SBI General Insurance
HDFC ERGO
Bajaj Allianz
4
Multiple Covers
No-claim Bonus
Cashless Claim Facility
Bike Insurance
SBI General Health Insurance
HDFC ERGO 2W Insurance
Bajaj Allianz Two Wheeler Insurance
3
Efficient Claim Settlements
Low Premiums
No Claim Bonus
Pocket Insurance
One Assist
ABHI
Niva Bupa
Manipal Cigna
7+
Affordable Premiums
Easy Online Application