Motilal Oswal Home Loan
EMI Calculator

Feel free to access the Motilal Oswal calculator online to save time on manual calculations that are subject to errors. However, if you still want to know the formula used to calculate the home loan EMI, then do not worry! The Motilal Oswal calculation formula is elaborated below for your reference, in case you wish to calculate it manually:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1] 

In the above formula:

P stands for the Principal Amount
R stands for the Rate of Interest
N stands for the Number of Monthly Repayment Installments 

Out of the several factors that might impact the home loan EMI, we are now going to shed light on the three main Motilal Oswal home loan criteria that may impact your home loan Equated Monthly Installments:

Principal Amount: First things always comes first! Here, in the case of a home loan, the principal loan amount is the first prime factor that can impact the home loan EMI. The higher your principal amount, the higher the EMI you will have to pay for a home loan. 

Interest Rate: Next, after the principal loan amount, comes the rate of interest on which you got a home loan. People look for lower interest rates because lower interest rates help them reduce the monthly EMI on home loans. 

Tenure: The loan repayment tenure chosen by a borrower also plays an important role in deciding your monthly EMI. Those who choose longer tenures end up paying lower EMI than those who choose shorter tenures. 

The entire article talks about the Motilal Oswal Home Loan EMI Calculator, but do you know why you should use it? So, here is your chance to learn about the main benefits of the Motilal Oswal EMI calculator:

Instant Results: The main reason for anyone searching for an online home loan EMI calculator is to save time and get instant results. For this, we strongly recommend you use the online EMI calculator available here: EMI. 

No Scope for Errors: Besides being quick to show instant results for home loan EMIs, an EMI calculator is also known for being accurate. There is no scope for errors using this online tool, provided you fill in the right data. 

Variation Analysis: Not to forget, you can use the online EMI calculator to instantly assess the EMI on a home loan for different tenures and loan amounts. This will help you analyze what is more affordable for you when applying for a home loan from MOHFL. 

Just like the EMI calculation formula, the Motilal Oswal home loan interest rate calculator formula is pretty easy to use. You can manually calculate it with a simple mathematical calculation. The formula for calculating the Motilal home loan interest rate is as follows:

Total Interest = (P X R X T) / 100

In the above formula:

P stands for Principal Amount
R stands for the Rate of Interest 
T stands for the Time or Tenure in terms of monthly installments

Whether you wish to evaluate home loan affordability or make an informed decision, using the Motilal Oswal EMI calculator will not go in vain for you. It will help you calculate the accurate EMI payable every month for your home loan from MOHFL. The result you will get from this calculator will depend on the figures you enter, so make sure you fill in the correct figures in terms of the loan amount, interest rate, and loan tenure.