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

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.