Calculate Reliance Home Finance Home Loan EMI

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Total Interest-
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Total EMI


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  • Loan Amount
  • Interest Rate
  • Your EMI
  • Tenure
  • ₹5,000,000
  • 9.75%
  • ₹0
  • 20

Reliance Home Finance EMI Calculator

Reliance is a fully owned subsidiary of Reliance Capital and provides affordable home loans, loans against property, and construction finance. They have 1750 distributors operating at 90 locations across the country.

The Company offers regular home loans and affordable home loans. The regular home loans can be availed beyond 35.00 lakhs whereas the affordable home loans are restricted to 35.00 lakhs. Reliance Home Finance also provides loans for home extension and loan balance transfer. The various types of home loans provided by Reliance Home Finance are:

You can apply for the loan online and get the approval online in no time. They also offer door-step service and the friendly representatives of the Company help you through the process. An in-principle sanction is also provided even before identifying a property based on the income, repayment capacity and credit score of the applicant.

Additional Info: Also check Rs. 80 Lakh Home Loan EMI

What is an EMI?

Equated Monthly Instalments make it convenient to pay back the loan on a particular date every month in easy specified instalments. Both the principal and interest components are included in the EMI. You should ensure that the monthly payments are made regularly as any miss out is viewed very seriously. A penalty is charged for any delayed instalment for the delayed period. But regular delay in payment of EMI or non-payment of EMI can be serious. You should be careful since the property you have acquired out of the loan will be at stake.

Additional Info: Looking for 25 Lakh Home Loan? Check EMI & Apply.

Features of Reliance Home Finance Home Loan

Reliance Home Finance provides home loans for the purchase of a ready property, the construction of a house, the purchase of a plot and construction thereon, for repairs/renovations and extension of the existing house, home loan balance transfer, and home loan top-up.

Product NameEligibilityQuantumInterestRepaymentSecurityCharges
Home Loan

Age between 21 years and 65 years

Salaried and self-employed individuals,


and businessmen.

Resident Indians can apply for the loan

80% of the market value of the property with a minimum of over 35.00 lakhs9.75% p.a.to 11% p.a.Maximum repayment period of 20 yearsEMT of the property acquired out of the loan.

Processing charges: @ 0.5% to 1.50% of the loan amount.

For details regarding pre-payment charges contact Reliance Home Finance Customer Care 

Affordable Home Loan80% of the market value of the property with a maximum of 35.00 lakhs9.75% p.a. to 13% p.a.
Loan for self-construction80% of the market value of the property with a minimum of 7.50 lakhs
Loan for purchase of plot and construction
Home Improvement Loan
Home Balance Transfer
Home Loan Top-upMinimum loan quantum is 5.00 lakhs11% p.a. to 13% p.a.Continuing EMT of the property mortgaged for the existing home loan
Home Loan for NRIsNRIs both salaried and self-employed can apply for the loan80% of the value of the property with a minimum of 7.50 lakhs9.75% p.a. to 13% p.a.Maximum repayment period is 15 yearsEMT of the property acquired out of the home loan

Additional Info: Looking for 10 Lakh Home Loan? Check EMI & Apply.

EMI for Reliance Home Finance Home Loan

The lowest EMI as on date is 948/- per lakh for Reliance Home Finance Home Loan. The lowest rate of interest on Reliance Home Finance Home Loan is 9.75% for all other loans except home loan top-up for which the lowest Reliance Home Finance Home Loan Interest Rates is 11%. The rate of interest goes up to 13%. The rate of interest is decided based on the loan amount, tenure chosen, relationship with the Company and the income of the applicant.

EMI for a loan at 9.75% p.a. interest.

Loan amount5 years10 years20 years

From the above table, it is evident that the EMI decreases as the tenure increases. EMI for the maximum period of 20 years for 1.00 lakh is 948/-. The total amount that you would have paid at the end of the tenure will be 2,27,520/-. On choosing a higher tenure you will be paying an interest which is much higher than the actual sanctioned amount. Similarly, if a tenure of 5 years is chosen you will be paying an EMI of 2112/- which amounts to a payment of 126720.00. For a tenure of 20 years, the interest cost will be 127520/- whereas the interest cost for a period of 5 years will be 26720/-. The interest cost is almost 5 times for the longer tenure.

Before applying for a loan, compare the break up of the principal and the interest component and choose the rate of interest and tenure which is economical. 

Additional Info: Also Check LRD Loan

What is an EMI calculator?

The financial tool that helps easy and quick calculation of EMI calculator. The interest will either be charged at a flat rate or on a diminishing balance. If it is charged on a flat rate then the total interest for the tenure will be calculated and added to the principal amount. The total amount arrived will be divided by the tenure opted to arrive at the EMI. To calculate the EMI for a rate of interest that is charged on diminishing balance the formula given below has to be applied.

P*r* (1+r) ^n/([(1+r) ^n]-1)

P stands for Principal

R stands for rate of interest

N stands for the loan tenure

Applying this complicated formula to arrive at the EMI manually is confusing and time-consuming. To arrive at the EMI with ease and without much complication or confusion you should use an EMI calculator. On providing the required details i.e., the loan amount, loan tenure and the rate of interest, the EMI will be calculated in just a few seconds.

You cannot usually rely on the EMI value arrived at manually. The Home Loan EMI Calculator gives instant and reliable value. 

Additional Info: Best Home Loan Interest Rates @6.70%

Factors that affect the EMI

Each variable that constitutes the calculation of EMI has a different impact on the EMI. 

Loan Amount: If the choice of the property is made and the value agreed upon you will be able to decide the loan amount that you may require to accommodate the cost of the project after adjusting the funds available from your own sources. With the value of the required loan amount ready you will be able to calculate the EMI with varied tenure and rate of interest. EMI is inversely proportionate to the loan amount. You will have to try various combinations to arrive at the EMI that suits your pocket. 

Variation in interest: There are three types of Home Loan interest that most of the loan providers offer. A floating rate which keeps changing whenever RBI announces a change in the bank rate. A fixed-rate of interest will remain unchanged for a certain period that depends on the loan provider and then reset at the prevailing rate. A semi-fixed rate wherein the rate of interest remains fixed for a certain period as per the norms of the lender and thereafter it will be converted to a floating rate. 

In all the types of interest there will be a variation in the rate of interest during the loan tenure. If the rate of interest increases, the EMI will increase and if the rate of interest decreases, the EMI will decrease.

Loan tenure: As you observe in the EMI table the EMI will largely depend on the tenure. You can see the vast difference between the EMI for a tenure of 5 years and the EMI for a tenure of 20 years. With the break up of the principal and interest for these tenures, you will observe that the interest cost is almost 5 times higher between the 5 years term and the 20 years term.

Pre-payment: If you intend to avail of a higher amount with an affordable EMI, you can go for a longer tenure initially. To reduce the cost of the loan you can make periodical pre-payments to the loan whenever you have surplus funds. This will decrease the outstanding loan balance. If the EMI is kept constant the loan tenure will reduce and the loan will get cleared before maturity. You can even opt for a reset of EMI wherein the EMI will reduce and the loan tenure will remain the same.

Step-up and step-down EMI: Some of the loan providers give the option of step-up and step-down EMI for the advantage of borrowers who are in the prime of their career as well as borrowers you are close to retirement. Step-up EMI is ideal for borrowers who are in the prime of their careers and who anticipate a rise in their income in the coming years. The EMI can be kept low initially and gradually increased.

Step-down EMI wherein the EMI is kept high initially and then decreased gradually. This suits the borrowers who are close to retirement who can afford a higher EMI while in service. 

Additional Info: Also check Pan Number for Banks

Tips to decide the right EMI 

You will have to consider a few things for deciding the right EMI 

  • Plan your EMI: Planning your EMI as per your monthly budget is very essential since the EMI payment for a home loan is a long-term commitment. If you do not make the right choice initially, then you may land up in financial stress later.
  • LTV Ratio: The rate of interest on home loans is fixed as per the loan amount and the risk involved. If the LTV ratio is higher the risk of the lenders is higher since the loan amount will be higher. Higher the loan amount higher will be the interest. So, try to bring in more margin so that you can avail of a loan at a lower LTV Ratio and save on the interest. 
  • FOIR: The ratio of your monthly income to the existing commitment including the proposed home loan EMI is the fixed obligation income ratio. The FOIR accepted by lenders varies between 40% to 50%. All the existing commitments should not exceed 40% to 50% of your monthly income. So while planning the EMI for the home loan you should keep this aspect also in mind otherwise there are chances of your loan application being rejected. 

Additional Info: Also check ICICI Home Loan EMI Calculator

Change in EMI with a change in interest rates

Whether the rate of interest floating, fixed or semi-fixed it is bound to change during the loan tenure. The rate changes when RBI changes bank rate in the case of a floating rate of interest and during the reset of interest in the case of a fixed rate of interest and at the time of conversion from fixed to a floating rate in the case of semi-fixed rate. Every time the interest changes the EMI also changes proportionately.

Additional Info: Looking for 25 Lakh Home Loan? Check EMI & Apply.

Change in EMI with pre-payment

Making pre-payments will enable to reduce the loan tenure and the loan will be closed before maturity. If the EMI is reset, then the loan tenure will remain constant but the EMI will change. 

Additional Info: Also check SBI Home Loan EMI Calculator

Amortization Table

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing Balance

Reliance Home Finance EMI Calculator FAQs

What are the types of home loans provided by Reliance Home Finance?


Reliance Home Finance provides the following home loans.

  • Home Loan
  • Affordable Home Loan
  • Home Loan for extension
  • Home Improvement Loan
  • Home loan for self-construction.
  • Home Loan for NRIs
  • Home Loan Top-up 

Can I apply for Reliance Home Finance Home Loan?


Yes. If you are an Indian Resident aged between 21 years and 65 years and are either self-employed or salaried, you can apply for all other loans except Home Loan for NRIs. Home Loan for NRIs is meant exclusively for Non-Resident Indians. 

What are the processing charges for Reliance Home Finance Home Loan?


Processing charges at 0.50% to 1.50% of the loan amount will be collected.

What is the maximum loan tenure for Reliance Home Finance Home Loan?


The maximum loan tenure for all other home loans is 20 years except for Home Loan for NRIs which is 15 years.

How does the pre-payment calculator work?


To use a pre-payment calculator you will need the loan tenure, loan amount, rate of interest and the pre-payment amount you wish to make. On providing the required input you will get two results. You can check the savings you will make on account of the reduction in EMI due to partial pre-payment if there is an EMI reset or the savings on account of the reduction in tenure.