Home loan EMI calculator has proved to be a boon as it gives clarity to the borrower about his loan repayment. It is freely available on numerous websites and can be used anytime. Some of the unrecognized benefits of the calculator are as follows -
1. Instant accurate results - While most of us will be scratching our heads by calculating the EMI through a complex formula. On the other hand, Home loan EMI calculator will get you instant and accurate results of monthly installments, interest value and principal value. It has been compared and confirmed that it gives 99 % accurate values.
2. Helps in managing your EMI - When you have a track of your outstanding amount, monthly installments, you will be able to manage your EMI accordingly for loan repayment.
3. Check affordability - Before applying for the home loan, you can easily check whether the amount is affordable to you.

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