[nilesh]

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Can you provide me the details of the Housing Loan Equated Monthly Instalment (EMI) Calculator – EMI Chart of Cooperation Bank?

[prince karak]

Home Loan Equated Monthly Instalment (EMI) is a fixed amount that one pay to Corporation Bank towards repayment of loan taken. The EMI is paid every month on a fixed day till Home Loan is fully paid off. Lowest EMI that one pay to Corporation Bank on per lakh amount is Rs. 794

Corporation Bank Home Loan EMI consists of principal payment and interest payment. In the beginning years, the interest part on loan is more than the principal part.

In the whole repayment period, EMI remains constant but the interest component on loan keeps decreasing while principal component keeps increasing apart from change in interest rate on Home Loan

In case of change in Corporation Bank floating interest rates which is currently at 8.85%, you have two options:
• To keep the EMI constant and change the loan tenure
• Reduce the EMI and keeps the loan tenure same

In case one make pre-payment of Corporation Bank Home Loan, then also get the same option either to keep the EMI same and reduce the loan tenure or to reduce the EMI and keeps the tenure same.

Corporation Bank Housing Loan EMI Calculator – EMI Chart
Corporation Bank Lowest EMI at 8.85%
Loan Amount 15 Years 20 Years
Rs. 2,500,000 Rs. 25,134 Rs. 22,253
Rs. 3,000,000 Rs. 30,161 Rs. 26,703
Rs. 4,000,000 Rs. 40,215 Rs. 35,604
Rs. 5,000,000 Rs. 50,268 Rs. 44,505
Rs. 6,000,000 Rs. 60,322 Rs. 53,406
Rs. 7,500,000 Rs. 75,402 Rs. 66,758
Rs. 9,000,000 Rs. 90,483 Rs. 80,109
Rs. 10,000,000 Rs. 100,536 Rs. 89,010
Rs. 12,500,000 Rs. 125,670 Rs. 111,263
Rs. 15,000,000 Rs. 150,804 Rs. 133,515
Rs. 20,000,000 Rs. 201,073 Rs. 178,020

Corporation Bank Housing Loan EMI Calculator