12th November 2019
Two of the key parameters to consider while opting for home loans are the rate of interest and the tenure of the loan. Basis these two components and the principal amount, the EMI can be calculated. EMI is the equitable monthly payment that you need to make for the loans that you have opted for. This amount takes into account both the interest and a principal component. However, for many home loan borrowers, a major chunk of their salary or profits goes towards this EMI payment. Therefore, here
