Are you dreaming to purchase your own house? Do not dream anymore, make it true! It is always possible to fulfil the home purchase dream with the help of a Home Loan. Once you take the decision of applying for a Home Loan, your financial responsibilities increase manifold. Your first step will be to plan your finances carefully. Till date, your monthly salary must have been used on personal requirements, as may not have had any liabilities. But, from now on, you are under debt. You have to pay the EMI every month and this will require sacrifice as you need to curtail severa expenses. In case you had any other loan, you have to balance both the loans along with your day-to-day expenses. To maintain this balance, you first need to know how much EMI you have to pay every month and whether it will be affordable for you or not. There comes the role of a Home Loan calculator, that helps to calculate the EMI amount. You just need to put the Home Loan principal, loan tenor and the rate of interest offered by the bank and you will get the EMI amount. You should always take the support of calculator to get near-accurate results while planning for a Home Loan. To know more, visit: Calculate your home loan EMI with home loan calculator
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |