Marked 3 years 10 months ago onto What Information can be Extracted from Home Loan EMI Calculator?
Source: https://housing.com/in/home-loans/emi-calculator
Home loan EMI calculator is very beneficial online free tool which can let you access to some of the useful information especially for the loan applicants. The following information can be extracted while using the tool -
1. Equated monthly installment- The most important component that you can get is your equated monthly installment. Either before applying for loan or in the process, you can figure out your monthly installments.
2. Detailed EMI breakup - Second is the detailed break up of the EMI that borrowers are going to pay against the certain amount of loan. It will include Principal amount, interest rate, additional charges etc.
3. Amortization display - It is a system which will display all the essential components of the EMI in detail such as - outstanding balance, prepaid EMI, Rate of interest, principal amount etc. It keeps the borrower in loop of his current situation.
Comments
Leave your comment below