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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With so many home loan schemes available in the market, have you ever taken the factors into consideration that affects the tenure of a home loan scheme? Read to know more! Before going into the various factors that play an essential part in the tenure of a home loan, let’s understand the basics of a home loan tenure. To the state of it is the time period provided to the loan borrowers within which they have to pay back the borrowed principal amount along with the additional interest rate. Depending on the sum borrowed and the scheme selected the tenure ranges from 5 to 20 years. Nowadays it has become easier to calculate the EMIs for the loan with home loan emi calculator an online tool. These smart and easy to use applications can be availed from the websites of several financial institutions. Now, coming to the factors affecting the time period of a home loan:-
Read Reference: How to Decide an Ideal Home Loan Tenure &EMIs?
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