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Equated Monthly Installments (EMI) are the monthly payments on your loan amount. The EMI is calculated depending upon Principal Amount, Interest rate (per annum) and Term (months or years).
You can use our Loan Amortizationcalculator to get a detailed understanding of your monthly EMI payments of a Home loans, the interest rate, loan amount, and term. You can find an exact interest rate of your principal amount and also the term of repayment. This helps in your tax computations. Paying the EMI on time is an excellent re-payment of track record of the customers and Banks are often eager to negotiate on the interest rate.
This tool on the PropertyKhazana website helps you to calculate your Equated Monthly Installment (EMI). The tool will allow you to see the EMI and interest rate for any given Home loan amount.
The EMI Calculator on the PropertyKhazana is user-friendly tool which is easily accessible to calculate the loan amount. Move the slider to adjust the values of Principal Amount, Interest Rate and Term. You can also enter the values by typing directly in the relevant text boxes. A detailed summary of EMI Schedule is displayed in the EMI Bar Chart for your better understanding.
A) Salaried Employees, Self-Employed (Any person filling the Income Tax Returns are eligible), NRI and Co-Applicant are eligible.
A) There are various types of Home loans available; Constructing a House, House Purchase, Buying plot/Land, Purchasing an Apartment or a Flat, and Extension/Renovating the House.
A) Identity Proof, Address Proof, Income Certificate (Salary Slips or Form 16 along with Salary Certificate), and IT returns of 2 years to be filled in case of Self-employed.