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Everyone has a dream of having a space of his or her own, calling it home. To accomplish this goal, the best way is to take a home loan. There is an easy-to-pay home loan EMI that makes the repayment process convenient and comfortable. AAVAS home loan EMI calculator will tell you the amount of monthly EMI in just a few taps. All you need to enter is the required housing loan amount, total tenure in no. of years or months, and the rate of interest in the loan EMI calculator. This online home loan calculator is so simple that anyone can use it. You can even know EMIs for different years and different rates of interest as per your requirement. These EMIs can be either fixed or floating and are payable every month. The calculation of EMIs is also quite simple. Making these calculations beforehand is the best way to get the most competitive housing loan EMIs and help you to plan your budget accordingly. If you are also willing to take a home loan, you can use the Aavas home loan EMI calculator to know how much EMI you would be required to pay. To make your financial decisions assured and loan planning easier, use the most trusted Aavas housing loan EMI calculator.
A home loan calculator helps you to know the exact amount to your home loan EMIs that you have to pay to your home loan. Using a home loan calculator is really simple. In just 3 simple steps you can know the exact EMI amount.
Step 1) Enter the loan amount you need like 5 lacs, 10 lacs, or whatever loan amount you want to take from the bank.
Step 2) Select the Rate of Interest.
Step 3) Enter Loan Tenure like how many years you want to take the loan for. You may enter the duration in months as well.
Once you enter all the above information EMI calculator will evaluate your monthly EMI, total Interest payable, and total payment which will include principal as well as interest.
Once you are satisfied with loan EMI, you can directly apply for home loan by clicking Apply Now.
The formula is simple to calculate EMIs. It is = [P x R x (1+R) ^N]/ [(1+R) ^N-1] where:
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