When you decide to apply for a home loan, you start planning your finances. As home loan is a long term financial commitment, you have to make sure that you have enough funds for down payment, to pay additional charges and later to pay the EMIs. You can decide how much you have to pay for down payment and the bank/NBFC tells you the additional costs. But what you should really prepare for is the EMIs.
Home loan EMIs are calculated considering the home loan amount, tenure, interest rate and the type of interest rate you are opting for. You should know how much you will have to pay every month as home loan EMI to make your financial planning better.
Use Ruloans’ home loan EMI calculator.
