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. 

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%.