1. Disclaimer:
These calculators are general self-help tools designed for financial planning. The accuracy and relevance of the results depend on the data and assumptions you provide. The results may not fully reflect your circumstances, and we cannot guarantee their accuracy. Non-Resident Indians (NRIs) should enter their net income while using the calculator.

2. Home Loan EMI Calculator:
The Sky Realux Property Home Loan EMI Calculator simplifies the process of estimating your monthly installments for a home loan. This tool helps you make well-informed decisions about purchasing a new home by allowing you to plan your cash flows effectively. 

3. What is a Home Loan EMI Calculator?
A Home Loan EMI Calculator is a tool that helps you calculate the monthly installments (EMIs) for your home loan. It’s simple to use and serves as an effective financial planning resource for prospective homebuyers.

4. What is Home Loan EMI?
EMI stands for Equated Monthly Installment. It represents the fixed monthly payment made towards repaying the loan, which includes both the principal amount and interest. Opting for a longer loan tenure (up to 30 years) can help reduce your monthly EMI.

5. Example: How is EMI Calculated?
The formula for EMI calculation is:
EMI = P × R × (1 + R)^N / [(1 + R)^N – 1]
Where:

• P = Principal loan amount
• R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
• N = Loan tenure in months

For instance, if you take a loan of ₹10,00,000 at an annual interest rate of 7.2% for 10 years (120 months):

• Monthly interest rate (R) = 7.2 ÷ 12 ÷ 100 = 0.006
• EMI = ₹10,00,000 × 0.006 × (1 + 0.006)^120 / [(1 + 0.006)^120 – 1] = ₹11,714

The total amount payable over 10 years will be ₹14,05,703, which includes the principal of ₹10,00,000 and interest of ₹4,05,703.

6. Why Use the EMI Calculator?
Manually calculating EMIs using the formula can be time-consuming and complex. The Sky Realux Property EMI Calculator simplifies this process, enabling you to calculate your home loan EMI quickly and accurately.