Home Loan

vanshikakumari (OP)

Newbie

Offline

Activity: 2
Merit: 0

Home Loan

September 22, 2017, 04:13:47 AM

What is Home Loan EMI and How it is calculated?

I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

1714121756

Hero Member

Offline

Posts: 1714121756

Ignore

1714121756

1714121756


	Report to moderator

Adykingcity

Sr. Member

Offline

Activity: 420
Merit: 250

Re: Home Loan

September 22, 2017, 05:30:04 AM

Quote from: vanshikakumari on September 22, 2017, 04:13:47 AM

What is Home Loan EMI and How it is calculated?

EMI stands for Equated Monthly Installment which is an important part of your home loan. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan.

Complete onformation here : https://www.hdfc.com/home-loan-emi-calculator

tamradhwaj

Full Member

Offline

Activity: 336
Merit: 101

Re: Home Loan

November 07, 2017, 09:51:18 AM

home loan is a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years.

tamradhwaj

Full Member

Offline

Activity: 336
Merit: 101

Re: Home Loan

November 07, 2017, 09:57:27 AM

Quote from: vanshikakumari on September 22, 2017, 04:13:47 AM

What is Home Loan EMI and How it is calculated?

Home loan EMI : home loan is a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years.

EMI calculation : The EMI could be calculated using the flat rate method or the reducing balance method. The EMI flat rate formula is calculated by summing the principal loan amount and the interest on the principal. The sum is divided by the number of periods in months.

Pages: [1]

Bitcoin Forum > Local > India > Off-Topic (India) > Home Loan

« previous topic next topic »