The Prestige Medavakkam EMI calculator helps you work out your monthly home loan instalment. The EMI depends on three things: the loan amount, the interest rate and the tenure. The 2 BHK starts at about Rs 1.30 Crore, and banks fund up to about 80% of the cost. This page explains how the EMI is calculated, gives an illustrative EMI by configuration, and offers tips to lower it, for the project in Medavakkam, South Chennai.
EMI stands for Equated Monthly Instalment. It is the fixed amount you pay the bank each month on a home loan. It covers both the interest and a part of the principal.
Early in the loan, more of the EMI goes to interest. Later, more goes to the principal. The EMI stays the same each month, as long as the rate does not change.
The EMI rests on three inputs. A change in any one moves the monthly figure.
A calculator applies the standard formula to these three inputs. It returns the monthly EMI in seconds.
The table below shows an illustrative EMI for each configuration. It assumes an 80% loan at 8.5% a year over 20 years. These are examples, not quotes.
| Configuration | Price | Loan (80%) | Illustrative EMI |
| 2 BHK | Rs 1.30 Crore | Rs 1.04 Crore | About Rs 90,250 |
| 3 BHK | Rs 1.57 Crore | Rs 1.26 Crore | About Rs 1,09,000 |
| 4 BHK | Rs 2.63 Crore | Rs 2.10 Crore | About Rs 1,82,600 |
Your actual EMI depends on the bank rate, the tenure and the loan amount. Use the calculator with your own figures, and confirm the rate with your bank.
Using the calculator is simple. Enter three values and read the result.
First, enter the loan amount, usually up to 80% of the home price. Next, enter the interest rate offered by your bank. Then set the tenure in years. The calculator shows the monthly EMI and the total interest over the loan.
A few steps can bring the monthly figure down.
So match the loan to your budget. Confirm the exact rate and terms with your bank before you book.
Prestige Medavakkam is a 23-acre township by Prestige Group in Medavakkam, South Chennai. It has 22 high-rise towers of 2B+G+14 floors, with 2,170 apartments in 2, 3 and 4 BHK formats, from 1,001 to 2,735 sq. ft. Prices start at about Rs 1.30 Crore for a 2 BHK. The launch is set for December 2026, and TNRERA approval is expected by November 2026. Buyers should verify the RERA status on the Tamil Nadu RERA portal before booking.
On a 2 BHK from Rs 1.30 Crore, an 80% loan at 8.5% over 20 years works out to about Rs 90,250 a month, as an illustration. Your actual EMI depends on the rate, the tenure and the loan amount.
Banks usually fund up to about 80% of the cost, subject to your income and credit profile. The loan is drawn in line with the construction stages. Confirm the exact amount with your bank.
Three things decide the EMI: the loan amount, the interest rate and the tenure. A bigger down payment or a lower rate reduces the EMI. A longer tenure lowers the EMI but raises the total interest.
Yes. A bigger down payment, a longer tenure, a better rate or a strong credit score can all lower it. Compare lenders before you decide, as a small rate cut saves a lot over the loan.
No. They are illustrative, at an assumed 8.5% over 20 years with an 80% loan. Your actual EMI depends on your bank's rate, your tenure and your loan amount. Use the calculator with your own figures.
Not yet. The project is at the pre-launch stage, and TNRERA approval is expected by November 2026. Verify the current status on the Tamil Nadu RERA portal before booking.
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