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Home Loan EMI Calculator by Deferred Payment
EMI
Deferred Payment
Reducing Balance
Interest First
Balloon Payment
Loan Amount
Loan Tenure
Year
Month
Rate of Interest
%
Deferred Period
Year
Month
Copy
Share
EMI
11433
Interest
920814
Principal
1000000
Total
1920814
920 K
(9 Lac)
15
Year
1,000,000
581 K
(5 Lac)
Year
Original
Reduced
𝒊
11433
will be
EMI
for
1000000
(1 m/10 Lac)
Loan Amount
for
15
Year
Loan Tenure
at
9.00%
Rate of Interest
.
How to Reduce Interest/ Tenure?
Pay
0
1
2
3
4
5
Extra EMI every year.
𝒊
Increase EMI by
0
2
3
5
7
10
15
20
% every year.
𝒊
Pay Lump-Sum
0
(10 K)
(20 K)
(30 K)
(40 K)
(50 K)
(60 K)
(70 K)
(80 K)
(90 K)
(100 K)
in
0
2
3
4
5
6
7
year.
𝒊
Recalculate
Share
Loan
Tenure
Interest
Original
15 year
920814
Reduced
9 year
9 months
581081
Saved
5 year
3 months
339733
Loan Payment Schedule
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Original
Reduced
Deferred Period
Balloon Payment
214 K
(2 Lac)
160 K
(1 Lac)
107 K
(1 Lac)
53 K
0
-
-
-
-
-
2024
2031
2038
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Home Loan EMI by Deferred Payment
A Home Loan EMI by Deferred Payment is a financing option where borrowers do not make any payments during an initial deferment period. During this time, neither the principal nor the interest is paid. After the deferment phase ends, regular EMIs that include both principal and interest begin. This option is suitable for those who need financial flexibility early on, allowing them to delay payments until they are more financially stable. Use our Home Loan EMI Calculator by Deferred Payment to plan your loan repayments and stay on top of your finances. Find accurate breakdowns of your payments, interest, and principal to plan your home loan better.
Calculate Home Loan EMI by Deferred Payment
Enter loan details like loan amount, interest rate, tenure, and deferred period to calculate your home loan EMI by deferred payment.
Click Calculate to view your EMI breakdown based on your inputs.
Customize payment options to optimize and calculate your home loan EMI by deferred payment.
Choose extra EMIs per year to reduce your tenure and calculate your home loan EMI more efficiently.
Increase EMIs by a percentage to manage and calculate your home loan EMI effectively.
Select a lump sum payment in a specific year to shorten your home loan EMI period.
Adjust inputs and click Recalculate to update your home loan EMI dynamically.
Deferred Payment EMI formula
To calculate Home Loan EMI, use the Deferred Payment EMI formula for precise results. This calculation helps you understand your repayment obligations clearly.
E
M
I
=
R
P
×
r
×
(
1
+
r
)
n
(
1
+
r
)
n
-
1
EMI
= Equated Monthly Installments
RP
= remaining loan amount after adding deferred interest.
r
= monthly interest rate.
n
= total number of monthly installments.
Eligibility Criteria for Home Loan EMI by Deferred Payment
Stable Income:
Applicants should have a stable and verifiable source of income, either through salaried employment or self-employment, to demonstrate their ability to repay the loan, especially for a home loan EMI or home loan EMI by deferred payment.
Creditworthiness:
A good credit score is essential to qualify for a home loan EMI, reflecting a history of responsible credit behavior and repayment. This is particularly important when opting for a home loan EMI by deferred payment.
Employment Stability:
Lenders typically require applicants to have a consistent employment history, ensuring a reliable income stream to support home loan EMI repayments, including in cases where a home loan EMI by deferred payment is chosen.
Property Compliance:
The property being financed must meet the lender's criteria, including clear title deeds, acceptable valuation, and compliance with local regulations for a standard home loan EMI or a home loan EMI by deferred payment.
Home Loan EMI Calculator by Deferred Payment FAQ
How does Deferred Payment EMI differ from a Regular EMI?
Deferred payment EMI allows borrowers to postpone all payments for a specified period at the start of the loan. In a regular EMI, payments start immediately with both principal and interest being repaid from the beginning of the loan term.
How does a Home Loan EMI by Deferred Payment benefit borrowers?
A home loan EMI by deferred payment benefits borrowers by allowing them to postpone EMI payments for a specified period. This provides greater financial flexibility, especially in the early years when other expenses might be high. By deferring payments, borrowers can ease immediate financial pressure, giving them time to stabilize their finances or address other urgent needs.
What are the risks or drawbacks of a Home Loan EMI by Deferred Payment?
Home loan EMI by deferred payment loans accrue interest during the deferral period, which can lead to higher overall interest costs. Once the deferral period ends, borrowers face larger EMIs, requiring careful budgeting to manage the increased payments.
×
How extra EMI(s) help?
At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
15 year
920814
1 Extra EMI/ year
14 year
▶ 1 year
786652
▶ 134162
2 Extra EMI/ year
12 year
▶ 3 year
690241
▶ 230573
3 Extra EMI/ year
11 year
▶ 4 year
616766
▶ 304048
How increasing EMI helps?
As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
15 year
920814
Increase EMI by 1%
14 year
▶ 1 year
852137
▶ 68677
Increase EMI by 3%
13 year
▶ 2 year
754220
▶ 166594
Increase EMI by 5%
11 year
▶ 4 year
687095
▶ 233719
How Paying Lumpsum Amount helps?
If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.
Payment
Tenure
Interest
Current
15 year
920814
Pay 10% in 2nd year
13 year
▶ 2 year
715204
▶ 205610
Pay 20% in 3rd year
12 year
▶ 3 year
599666
▶ 321148
Pay 30% in 4th year
11 year
▶ 4 year
542436
▶ 378378
How to Reduce Interest/ Tenure?
Making early payments towards Principal amount can reduce your Interest and/ or Tenure.
1. How extra EMI(s) help?
At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.
2. How increasing EMI helps?
As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.
3. How Paying Lumpsum Amount helps?
If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.
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