What is Home Loan EMI and How to Calculate It?
27/05/2021 Financial & Legal Services
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Description
As many of us know EMI stands for Equated Monthly Instalment. It is the monthly amount you pay to clear your loan by the end of the tenor. It is dependent on the housing loan interest rate and principal amount. To know your EMI, use a housing loan EMI calculator. The home loan EMI calculator is a tool you can use to calculate your housing loan EMI. Based on the values entered for the principal, interest rate and tenor, the home loan EMI calculator displays the EMI you must pay each month. For more details visit Bajaj Housing Finance website.
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Prafulla Mishra
Individual
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