Motilal Oswal Home Loan EMI Calculator

Motilal Oswal Housing Finance Limited (MOHFL) is an emerging non-banking financial company in India that helps people buy new homes or renovate existing ones with easy home loan schemes. One integral part of the home loan you apply for is calculating its monthly EMI. Thankfully, this task of EMI calculation can be simplified using the Motilal Oswal Calculator. You can either use the online Motilal Oswal Home Loan EMI Calculator available at the official site of the NBFC or visit the official site of BASIC Home Loan to use the best online home loan EMI calculator. Here’s all about using the Motilal Oswal housing loan calculator, factors affecting the EMI, the benefits of using this calculator, and much more. 

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1 Lac10 cr

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

How to Calculate Motilal Oswal Home Loan EMI?

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. 

Motilal Oswal Home Loan EMI Calculator Formula

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 

Factors Affecting Motilal Oswal Home Loan EMI

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. 


Benefits of Using Motilal Oswal Home Loan Calculator

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. 

Motilal Oswal Home Loan Interest Calculator Formula

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

Motilal Oswal Home Loan Eligibility Criteria

You read about how to calculate the home loan EMI and interest rate, but are you eligible to get a home loan in the first place? For this, you can easily use the Motilal Oswal eligibility calculator to see for yourself your eligibility to apply for a home loan with this emerging financial institution. It will only ask a few inputs like age, income, CIBIL score, and citizenship. 

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Comparison of Motilal Oswal Home Loan EMI with other Popular Banks

Once you go through the table below that mentions the EMI of Motilal Oswal Housing Loan and other leading banks and financial companies, you will be more confident about your decision to apply for a home loan from this NBFC. This table enlists the home loan EMI of Motilal Oswal and other competitors for a 10-year tenure:

Bank Name Rate of Interest Rs. 10 lakhs Rs. 20 lakhs Rs. 30 lakhs Rs. 40 lakhs Rs. 50 lakhs
Motilal Oswal Housing Finance 11.75% p.a. onwards Rs. 14,203 Rs. 28,406 Rs. 42,609 Rs. 56,812 Rs. 71,015
LIC Housing Finance 8.5% p.a. onwards Rs. 12,399 Rs. 24,797 Rs. 37,196 Rs. 49,594 Rs. 61,993
Tata Capital 8.70% p.a. onwards Rs. 12,506 Rs. 25,012 Rs. 37,517 Rs. 50,023 Rs. 62,529
Aditya Birla Housing Finance 8.85% p.a. onwards Rs. 12,587 Rs. 25,173 Rs. 37,760 Rs. 50,346 Rs. 62,933
DCB Bank 9.75% p.a. onwards Rs. 13,077 Rs. 26,154 Rs. 39,231 Rs. 52,308 Rs. 65,385
Piramal Housing Finance 11.00% p.a. onwards Rs. 13,775 Rs. 27,550 Rs. 41,325 Rs. 55,100 Rs. 68,875
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Motilal Oswal Home Loan Amortization Schedule

The Motilal Oswal Home Loan Amortisation Schedule is a useful table that helps a home loan borrower understand the different payment components for a home loan throughout the loan tenure. Through this table, one can learn about how much payment is going as interest on a home loan and how much is going for the outstanding principal amount. 

Steps to Calculate Motilal Oswal Home Loan Amortized Interest

Step 1: Divide your LIC home loan interest rate by the total number of EMIs you will make in a year. For instance, 11.75% p.a. and you make monthly payments, then you would divide 11.75% by 12 = 0.009791
Step 2: Multiply the number you got in Step 1 with your outstanding loan, and you will get the monthly interest payable. For instance, if your loan balance is Rs. 4,500,000, your first month's interest would be 4,500,000 x 0.009791 = Rs. 44,059.5
Step 3: Deduct the monthly interest calculated in Step 2 from your fixed EMI to know the principal payable in the 1st month. For instance, if your fixed monthly EMI is Rs. 48,767, you will pay Rs. 48,767 - Rs. 44,059.5 = Rs. 4,707.5 as the principal amount, and this amount will be deducted from your outstanding loan to calculate the outstanding for the subsequent month
Step 4: Continue repeating these steps to calculate the interest, principal, and outstanding loan balance for each month

The table displayed below will give you an idea of Motilal Oswal Home Loan Amortization Schedule 2024:
Year/Month Principal Amount Interest Loan EMI
2024 Rs. 59,595.74 Rs. 525,608.26 Rs. 4,500,000.00 Rs. 606,792.00
1st Month Rs. 4,704.50 Rs. 44,062.50 Rs. 4,500,000.00 Rs. 48,767
2nd Month Rs. 4,750.56 Rs. 44,016.44 Rs. 4,495,295.50 Rs. 48,767
3rd Month Rs. 4,797.08 Rs. 43,969.92 Rs. 4,490,544.94 Rs. 48,767
4th Month Rs. 4,844.05 Rs. 43,922.95 Rs. 4,485,747.85 Rs. 48,767
5th Month Rs. 4,891.48 Rs. 43,875.52 Rs. 4,480,903.80 Rs. 48,767
6th Month Rs. 4,939.38 Rs. 43,827.62 Rs. 4,476,012.32 Rs. 48,767
7th Month Rs. 4,987.74 Rs. 43,779.26 Rs. 4,471,072.94 Rs. 48,767
8th Month Rs. 5,036.58 Rs. 43,730.42 Rs. 4,466,085.19 Rs. 48,767
9th Month Rs. 5,085.90 Rs. 43,681.10 Rs. 4,461,048.61 Rs. 48,767
10th Month Rs. 5,135.70 Rs. 43,631.30 Rs. 4,455,962.71 Rs. 48,767
11th Month Rs. 5,185.99 Rs. 43,581.01 Rs. 4,450,827.01 Rs. 48,767
12th Month Rs. 5,236.76 Rs. 43,530.24 Rs. 4,445,641.03 Rs. 48,767
Disclaimer: The above information gave you an approximate idea of the monthly EMI for a loan amount of Rs. 4,500,000 availed at an interest rate of 11.75% p.a., for a loan tenure of 20 years. Remember, the EMI is bound to change if there is any change in the loan tenure, principal amount, or interest rate.


You are advised to use the Motilal Oswal home loan EMI calculator because it is quick, easy, and accurate. 

You can easily use the online Motilal Oswal Home Loan EMI Calculator by entering the interest rate, loan tenure, and principal amount. The best online EMI calculator is available at the BASIChomeloan official site. 

The three prime factors that affect the home loan EMI amount are:

  • Home Loan Interest Rate
  • Home Loan Principal Amount
  • Home Loan Tenure

Using a home loan EMI calculator saves time and effort to calculate it manually. Moreover, it minimizes the scope for any calculation errors and gives precise results for different figures. 

Yes, several banks and financial institutions allow borrowers to repay their entire loan amount in one go. This is what they refer to as home loan prepayment or foreclosure. However, some lenders charge a foreclosure fee for the same.

At present, Motilal Oswal Home Loan Interest Rate 2024 starts from 11.75% per annum. However, we still recommend you to check the same from the official website of MOHFL. 

The EMI calculator uses common factors like interest rate, loan tenure, and principal amount to calculate the EMI. Therefore, we can use it to calculate not just home loans, but car loans, personal loans, education loans, and business loans as well.