Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Financial Planning/ Mutual Funds/ Investment - Advisor

Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Sunday 13 October 2013

Getting to know a home loan EMI calculator

For any home loan borrower a constant question that runs through the mind is how to effectively get at a figure that he/she can prepare for. Not very long ago, someone looking to apply for a home loan had to go to several banks to get an approximate idea of installment figures. To understand the work of a home loan EMI calculator, we need to clear out any questions regarding the process of EMI first. EMI as we know is the monthly payment that one has to deposit back in loan in exchange of the substantially large loan that was approved.

EMI calculator gets you a rough idea on how manageable and affordable you EMI plan could be. It gives a quick note on how much of your monthly earning you will have to set apart for your EMI payments. It is in fact a very simple process but works out to be of considerable advantage for property planning. Generally a home loan EMI calculation would require the following inputs:

• Interest rate
• Loan amount to be applied for
• Tenure in months

 You always have the option to recalculate by varying the loan amount and months you want you be in the repayment period if things in the first instance don’t seem affordable. Another advantage of the home loan EMI calculator comes when you have the interest rates applied by various banks and come at the most good looking figures. Thus, a bit of calculations can win you the best deal.

All the variables applied in the home loan EMI calculator are dependent on each other. Vary one and the whole calculation takes a different front. One should understand how to get to the best affordable final figures while also having enough for your current requirements. In case you are planning to sell the house you bought just a couple of months ago for some profit, a shorter tenure will be applicable. You can always talk to the bank to increase the installment amount at any instance. This way your tenure gets reduced.

Thus, it is certainly beneficial to have a home loan EMI calculator at your disposal when planning to make an investment. Only you need to know to use it properly.

9 comments:

  1. It's sincerely handy personally. I'm keen on the put up due to the fact it is quite great for everyone since effectively. Hoping the identical finest operate from the future periods additionally. Thanks a lot!Ali Mudeen

    ReplyDelete
  2. Hello Everybody,

    My name is Mrs. Monica Roland. I live in UK
    London and i am a happy woman today? and i
    told my self that any lender that rescue my
    family from our poor situation, i will refer
    any person that is looking for loan to him,
    he gave me happiness to me and my family, i
    was in need of a loan of $250,000.00 to
    start my life all over as i am a single
    mother with 3 kids I met this honest and GOD
    fearing man loan lender that help me with a
    loan of $250,000.00 U.S. Dollar, he is a GOD
    fearing man, if you are in need of loan and
    you will pay back the loan please contact
    him tell him that is Mrs. Monica Roland that
    refer you to him. contact Mr. Anthony Hampton
    via email: (easyloans03@gmail.com)

    ReplyDelete
  3. Personal Loan Singapore is one of the best loan company that offers all type of loan services as Personal Loan Singapore.

    ReplyDelete
  4. This post is actually very informative and helpful for the people who are first time applying for a home loan and they don't have an idea about the nicks of how an EMI of a home loan is calculated. while searching for a good home loan EMI calculator i came across PNB housing Finance Ltd's EMI calculator which is very easy to understand and it gives you an idea about how much you need to borrow.

    for more details feel free to visit - http://www.pnbhfl.com/calculator.aspx

    ReplyDelete
  5. Nice efforts for Cash Advance Loan click on it. This is also a good site.

    ReplyDelete
  6. Thanks for sharing your blog,Buying a new car through loan is best option but the emi has to be made with the bankers wish. Emi can be calculated using the emi calculator provides the best offer for car loan. The processing of emi should be constant emi as per the loan amount the interest and principal amount will get reduced.

    ReplyDelete
  7. Very interesting thing I just come across at MyDeals247.com - I could choose any number of pants and shirts (from the list) at very heavy discount rates (up to 75% off online) - more we buy more discount - I never seen this before.

    ReplyDelete
  8. I am happy when reading your blog with updated information! thanks alot and hope that you will post more site that are related to this site. internet marketing tips 2013

    ReplyDelete
  9. I love how the room turned out, the bookcase added so much character to the space. Great job as always! best mountain bike under 300

    ReplyDelete

LinkWithin

Related Posts Plugin for WordPress, Blogger...