![]() ![]() But before you use it, you should have a rough estimation of the principal loan amount you need and the EMI you can pay, based on your monthly Using a Home Loan EMI calculator is incredibly easy and enables you to calculate the EMI amount within a second. Typically, the EMI amount is lower if you opt for a longer tenure loan, and higher if you opt for a short tenure loan. ![]() The monthly EMI payable against the loan depends on the amount loaned, the interest rate levied, and the borrower’s repayment tenure. The EMI comprises a portion of the principal amount loaned to purchase the property and a portion of the interest component payable against An Equated Monthly Instalment or EMI is the fixed sum of money you pay each month whilst repaying your Home Loan.
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