The home
loan EMI calculator helps you to calculate your home loan EMIs that you
will need to pay towards your Home Loan and helps make an informed decision. It
is an automated system which helps you calculate home loan EMI. Manual EMI
calculation is a very complicated process which can be time consuming and
exhausting.
To
calculate the EMI on Home Loans, you need to know
your principal amount, the tenure of the loan and the rate of interest. You can
use EMI Mantra home loan calculator and get an approximate amount.
This is how EMIs are calculated:
Where P = Principal Amount
n = Number of monthly instalments
R = Rate Of Interest
The EMI Mantra home loan EMI calculator also functions as a home loan interest calculator. Based on your Home Loan tenure and interest rates, the housing loan EMI calculator will also help you to better understand the ratio of the principal amount of the interest due.
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