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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How to use Home Loan EMI Calculator?2/5/2019 To know the amount of EMI before taking any loan is very important. You must have to know what amount you have to pay monthly. To do the mathematical calculation is with formula is not always right. Hence, there is a solution instead to use the formula one can you the online calculator named Home Loan EMI Calculator. It is an online tool where you can get information in chart form which is easy to understand. It gives you the instant and quick results about your monthly EMIs along with the whole sum of interest you have to paid. One can also use it to calculate the monthly installment amount for your home loan. The following information required while using the home loan EMI calculator:
In the Housing Loan Interest Calculator there is a slider which is used to adjust the values as per the requirements. If there is a need to enter the more precise values, there is a box, one can type the values directly in the boxes. After putting the desired values directly in the relevant fields just click on an EMI calculator will calculate the (EMI) amount you have to pay. It also includes the pie chart which describes the total payment which is easily understandable. It displays the percentage of total interest and principal amount too. A table is there for showing the payments details for every month/year or as per duration time period. A portion of each payment is for the interest while the remaining amount is applied towards the principal balance. The other benefit is one can also use the Home Loan EMI Calculator for the floating rate calculations. Also Read: Things to Know about the Personal Loan EMI Calculator
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