Easy Home Loan Calculator 2022

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How to calculate home loan

Ex: Loan Amount: Rs.25,00,000 Interest Rate: 10.5 Loan Tenure: 20y Loan EMI: ₹ 24,959 Total Interest Payable ₹ 34,90,279 Total of Payments (Principal + Interest) ₹ 59,90,279

How is EMI on Loan Calculated?

Formula for EMI Calculation is - P x R x (1+R)^N / [(1+R)^N-1] where- P = Principal loan amount N = Loan tenure in months R = Monthly interest rate The rate of interest (R) on your loan is calculated per month. R = Annual Rate of interest/12/100

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Easy Home Loan Calculator 2022

Home loans are the best way to finance the purchase or construction of a home. The home loan is open to all business owners, self-employed individuals, and salaried individuals.