What is an EMI Calculator?
Buying a home is a big milestone in our lives, as it signifies a major form of security
for most of us. So, it is a good idea to understand the basics of making repayment
right at the outset. For instance, an Equated Monthly Installment (EMI) is an amount
that you would have to repay the bank or loan agency every month during the tenure
of your loan. The criteria that decide the amount of your EMI are the loan amount,
the rate of interest and the tenure/ term of the loan.
A good home loan EMI calculator for India ensures that you can just key in the numbers,
and get the approximate EMI amount in a jiffy! Please note that the results provided
by the EMI calculator are only an approximate indication and cannot be considered
as a promise or an offer in anyway. For deals that might be on offer, the best way
to get complete details is by getting in touch with the lending institution.