Housing Loan is the amount of money you borrow from a lender to buy a home. It is necessary to assess your repayment capability before opting for the loan to avoid any financial mess. This is where a Home Loan EMI Calculator can be best to use.
EMI Calculator is a simple loan calculation tool that helps the user to calculate EMI and view the payment schedule quickly.
Shubham has a unique EMI Calculator which helps you calculate your loan tenure and monthly installments to be paid towards the home loan repayment.
Borrowers who are not comfortable with complicated calculations, find it easier to estimate house loan EMI by using EMI calculators as it gives correct results and allows you to compare EMI on different home loan schemes instantly.
Planning to take a Home Loan. Give a read to the ten reasons why it is necessary to use Shubham Housing Finance Home Loan EMI Calculator:
1. Loan Amount: it is the amount you wish to borrow to fulfill your needs. A home loan depends on the value of the property. The amount is defined by the cost of the ownership and the repayment capacity of the borrower.
2. Interest Rate: It is the interest charged on the borrowed loan amount. Home loan rates vary from one lender to another, so it is best to check prices before applying for a home loan. The lower the home loan interest, the lower will be the EMI.
3. Loan Repayment: It is the period during which the entire loan is repaid. You can now calculate your EMI using the Shubham EMI calculator to repay the amount without any worries.
4. Instant Results: Our EMI calculator for home loans cuts short your lengthy and tedious arithmetic calculations to seconds. The EMI is calculated instantly, at the click of a mouse.
5. Secure Processing: You need to enter the principal amount, interest rate, and tenure. No complicated calculations or difficult mathematics is involved.
6. Get The Breakup Of the Finance Charges: This tool helps you understand the financial expenses associated with your EMI. Since banks and financial institutes present a soaring percentage of the loan amount, in this case, knowing the actual value can help understand the real cost of the loan.
7. Comparing Loan Offers: You can use the loan calculator to compare loan proposals from numerous banks. The results will show you the actual amount you need to pay along with respective EMIs.
8. Choosing The Right Tenure: Changes in loan tenure can impact your EMIs in a big way. So, before taking a decision, give a thought twice. An EMI calculator helps you calculate your loan tenure so that you can plan your investment better.
9. Helps With Loan Management: Sometimes, while paying your EMIs, you may have some surplus funds to make prepayments. So, calculating the EMI in advance helps to know the amount of money to be kept aside every month to manage your finances better.
10. No Charges: Your life is now easy with the Shubham EMI calculator.
You can use this calculator any number of times you wish to without any cost. This online tool is available 24*7
Figure out your EMIs and apply for a home loan with Shubham housing Finance, our official Loan partner will connect with you soon.
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