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You can calculate EMI for home loan, car loan, personal loan, education loan or any other fully amortizing loan using this calculator. Enter the following information in the EMI Calculator: Principal loan amount you wish to avail (rupees)
Enter the amount of EMI that you can pay every month, the interest rate charged by your bank and the preferred tenure, the loan amount calculator will tell you how much you can afford to borrow. Read more about factors that influence the amount you can borrow.
Using our Home Loan EMI Calculator, you can calculate how much monthly and total expenditure you really incur by purchasing a home using your bank home loan. Home Loan Details includes single premium loan insurance and processing fees.
You can easily find the EMI amount 1) using our EMI Calculator, 2) by doing simple mathematical calculations or 3) using PMT function in excel. EMI Amount = PMT (Monthly Interest Rate, No. Of Months of Repayment, Loan Amount, 0, 0) * -1
Oct 24, 2023 · Reducing Interest Rate on Your Home Loan. If the interest rate on your home loan goes down but the EMI remains constant, the home loan will get repaid faster. Let’s say you take a home loan of Rs 50 lacs at 9% p.a. for 15 years. EMI shall be Rs 50,713.
Oct 27, 2016 · Among various ways to raise short term debt, a loan against your existing fixed deposit might just be one of the quickest. In this post, I will discuss loan eligibility, interest rate and pros and cons of such loans. We will also see if it makes sense to go for such loan.
Feb 29, 2024 · Loan Calculator — Calculate EMI, Affordability, Tenure & Interest Rate Home Loan EMI Calculator with Prepayments, Taxes & Insurance Mobile-friendly EMI Calculator Widget
Feb 10, 2024 · By keeping the EMI constant, if you increase the loan tenure from 4 to 7 years, you can get a car loan of Rs 6.02 lacs. With a downpayment of Rs 98K (less than 20% of the car price), the numbers will add up.
Sep 24, 2024 · A rising repo rate translates into higher rates for new loans and higher EMI for existing loans. Conversely, a falling repo rate can lead to lower home loan rates. Housing finance companies (HFCs), such as LIC Housing, use an internal benchmark — Lender’s Home Purchase Loan Rate (LHPLR) — to determine interest rates.
Feb 1, 2024 · Loan: Rs 50 lacs, Loan Tenure = 20 years, Interest Rate: 9% p.a. EMI shall be Rs 44,986 If you do not buy the credit insurance product from the bank, you will have to pay 0.05% extra i.e., the interest rate will go up to 9.05%.
