DMI Housing Finance Home Loan Eligibility Calculator

Loan EMI Calculator

Amount (A)
Interest Rate (R) (in %)
Tenure (T) (in months)
Processing Fees (P) (in %)
Down Payment (D)

Total Down Payment (TDP)
(TDP = D + P)

12

Loan EMI (LE)
(PLA= A – D)
(PLA = Principal Loan Amount)
(LE = [PLA x R x (1+R)^T]/[(1+R)^T-1] )

123

Total Interest Payable (TIP)
(TIP = LE * T)

1234

Total Payment (TP)
(TP = LA + TIP + P)

12345

Get up to 30 lakh home loans with DMI Finance. You can borrow a DMI finance housing loan for 25 years with 11% interest. DMI housing finance checks basic eligibility requirements such as documents, credit score, financial history, and source of income.

Obtain a loan for Plot Purchase, Home Construction, Home Renovation, home decoration, etc. Also, you can easily balance the transfer of your existing home loan to DMI Finance. 24hrLoan’s Home Loan EMI Calculator provides accurate results.

Features of the DMI Housing Finance Home Loan Eligibility Calculator

Customizable Inputs: Easily input essential details such as loan amount, tenure, and interest rate. This personalized approach ensures that the results align with your unique financial situation.

User-Friendly Interface: The Calculator tool makes it simple for users. Borrowers can easily manage this tool without hassle.

Instant Result: Homebuyers instantly calculate the eligible loan amount and know the repayment capacity amount.

DMI Housing Finance Home Loan Eligibility Criteria

Age: Your minimum age is 18 years and a maximum age of 65 is required.

Income: A salaried person can apply with Rs. 10,000 per month salary and a self-employed person can apply with an annual 2 lakh business income.

Credit Score: Borrow credit history must be decent with a 700 score.

Other Criteria: Applicant must be a resident of India.

How to Use DMI Housing Finance Home Loan Eligibility Calculator

1) Enter Your Loan Amount:
Specify your loan amount. This is crucial to give the basic information for achieving the calculator result.

2) Specify Interest Rate:
Provide interest rate for output the perfect EMI amount. You can ask for an interest rate from the lender.

3) Choose Your Loan Tenure:
Select the desired loan term, as it significantly impacts the loan amount you qualify for.

4) Submit Details:
Click on “Calculate” to view your eligibility instantly.

Also Read: Home Loan Interest Rate (Updated)

Improve Your DMI Housing Finance Home Loan Eligibility

  • Maintain a healthy credit score to improve home loan eligibility.
  • Reducing existing loans improves your debt-to-income ratio which will increase your loan eligibility.
  • Choosing for long tenure will reduce EMI which will easier to meet the eligibility criteria.
  • Ensure that your fixed obligations are less than 50% of your monthly income.

FAQs

  1. Can I get an instant result from the DMI Housing Finance Home Loan Calculator?

    Yes, the borrower gets instant calculation results from the DMI Finance Home Loan calculator.

  2. Who will be eligible for the DMI Finance Home Loan?

    A salaried person with a 10,000/monthly salary and a self-employed person with 2 lakh / yearly income are eligible for a DMI Housing loan.

  3. What is the interest rate of a DMI Finance Home Loan?

    DMI Finance Home Loan interest rate starts from 11% to 15% p.a.