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Calculating your Home Loan EMI is the most important aspect of any loan. You won’t know what your exact financial outflow will be unless and until you have calculated it for yourself accurately. Using an online home loan EMI calculator will help you determine how much each loan will cost you.
You can use CreditMantri’s online Home loan EMI calculator in order to plan your finances and determine exactly how much you need to set aside from your net monthly income towards your EMI payment. You can try various loan amount, tenure range and interest rates to see which loan amount suits your budget the best. It’s fast and free.
You just need to input the following:
• The loan amount (principal)
• The interest rate
• The tenure
The calculator will do all the number crunching and present you with the EMI amount to be paid.