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equated monthly installment formula

Happy ending home loan scheme: Little to be happy about!

In a country like India we love our celebrities and thus when they endorse anything from a toothpaste to a shampoo we seldom give much thought before we shift our brand loyalty from our trusted FMCG products! But would you be convinced to take a home loan product too, just because a popular film star […]

nikunj.j

EMI

Pre-EMI vs Full EMI: Which one to go for?

The dilemma The most common dilemma a potential home buyer faces while planning to invest in an under construction or partially completed project is that of which home loan repayment schedule to go for. There are predominantly two options to choose from, one can either opt to pay full, equated monthly installments (EMI) or pre-EMIs. In […]

CommonFloor Editorial Team

Know How to Calculate EMI (Equated Monthly Installments)

When a person takes loan from a bank to buy a house for a fixed tenure, he has to pay EMI (Equated Monthly Installments). EMI is the term used for the monthly payment made by a borrower to the lender towards interest and principal money borrowed. EMI amount depends on the following factors: Amount of Loan:  […]

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