What does an EMI mean?
EMI (Equated Monthly Instalment) is a specific amount that needs to be paid monthly by the home loan borrower to the banks every month.
What are the benefits of using an EMI calculator for home loan?
With an EMI calculator, you can easily calculate the home loan EMI. By using the Home Loan EMI calculator, you can select a particular home loan amount, tenure, and the applicable interest rate to know the applicable EMI.
What is Home Loan and how does it works?
A home loan is an amount borrowed by a home buyer from a bank or a financial institute and repaid in EMIs(Equated Monthly Instalment) with some percent of annual interest on the borrowed amount.
How do I apply for a home loan ?
You can apply for a home loan by filling out the application form in the bank followed by the document and the property verification and the final home loan approval.