Designation- Chartered Accountant
Bio- I am Anoop Bansal, a professional Chartered Accountant based in the National Capital - Delhi. I have worked for the top-notch Indian and International banking firms for the past 10 years. Currently, I work as writer at emi-calculator.loan blog.
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In simple terms, Home Loan is loan taken by any person from a bank or a non-banking financial company (NBFC) for buying a home, the plot of land for construction of a home, renovation and also for repairs to the existing house. To calculate the loan amount for house loan with formula takes time but with the Home Loan EMI Calculator, it is quite easy and fast. What is EMI? EMI is Equated monthly installments. It is the loan amount of money which to be repaid to the lending institution with an interest. This amount always paid to the lending institution on a fixed date of each month. The EMI is depended upon the principal loan amount borrowed, Rate of interest, Tenure of the loan, Monthly resting period. EMI has a greater share of the principal amount with the time. What is Home Loan EMI? Home Loan EMI is the amount of money which you have to pay every month for the home loan borrowing from a lending institution for the purpose to buy a home/ flat or a plot of land for construction of a house, renovation, extension and repairs to the existing house. You need to pay the loan amount along with the interest associated in monthly installments. Home Loan EMI Calculator is an online tool used to calculate the exact amount of EMI tenor. What are the Benefits of calculating EMI? We know that EMI is the fixed amount of money you have to must pay to the bank or lending institutions as repayment of your Loan amount. Hence to calculate the EMI before lending any amount of money will help you to plan the monthly budget that it shouldn't become a burden of your pocket. What is House Loan EMI Calculator? Home Loan EMI Calculator is an online tool which is used to calculate the loan amount. It is a free online tool available to all. Just input the personal details in the calculator like the rate of interest, Principal, and duration of the loan and you get the equated monthly installment (EMI) for the tenor. What are the Benefits of Home Loan EMI calculator? The benefits of Housing Loan EMI Calculator are as follows:-
Also Read This Topic: Know About Personal Loan EMI Calculator
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1/3/2024 01:52:41 am
https://housingloanemicalculator.weebly.com/blog/all-you-need-to-know-about-home-loan-emi-calculator#:~:text=Home%20Loan%20EMI%20Calculator%20is%20an%20online%20tool%20which%20is%20used%20to%20calculate%20the%20loan%20amount.%20It%20is%20a%20free
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