Estimate Your Exact Instalment Amount with a Housing Loan EMI Calculator
Home loan is a long-term financial liability and one needs to be aware of the terms and conditions of the lending institution, other charges and rates of interest for availing the funds. Your monthly instalment amount is the key indicator of whether you can handle the home loan for the entire tenor. Hence, before you apply for a home loan, you should know the payable EMIs for comfortable loan repayments. This can be easily done with the help of housing loan EMI calculators.
What Is Home Loan EMI?
EMI stands for Equated Monthly Instalment that is repaid towards a home loan. It is the amount payable each month to the bank or financial institution until the home loan is fully paid off. EMI includes the loan interest and a part of the principal amount.
The interest component fo...