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The Basics of Efficiently Managing your Home Loan EMI

Going through this presentation, you can calculate your home loan EMI. With just few steps, you can find out amount of EMI and interest you will pay each month. You can use EMI calculator to calculate home loan EMI at Clix Capital website. https://www.clix.capital/home-loan-calculator/

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The Basics of Efficiently Managing your Home Loan EMI

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  1. ALLPPT.com _ Free PowerPoint Templates, Diagrams and Charts The Basics of Efficiently Managing your Home Loan EMI

  2. OVERVIEW Those with easy access to finance have adopted loans as an integral part of their lives to cover all types of planned and unplanned expenses. Even if a home loan is a blessing, several problems may arise before availing one. Hence, before you apply for a home loan, it is essential to use the  home loan EMI calculatorto make sure you can effectively afford the repayments.

  3. How to use an EMI calculator for home loans? Only three factors are needed to use the EMI calculator i.e., Home loan amount, home loan tenure, and the interest rate on home loans. After entering the necessary data, the calculator begins to calculate the EMI value using the following formula:EMI calculation formulaEMI = [P x R x (1 + R) 2 N] / [(1 + R) 2 N-1], where• P stands for the principal home loan amount.• R stands for the monthly interest rate.• N stands for the number of payments per month.

  4. The importance of using an EMI calculator for a home loan: 1. It is simple, convenient, immediate, and accurate.The EMI calculator for home loans can do complex calculations in a matter of seconds. Otherwise, it will take hours with paper and pen. The calculations are 100% accurate, as there is no human interference.

  5. 2. You can determine your EMI payments to get a good credit score You can prepare for debt payments ahead of time by using the EMI calculator for home loans, to avoid loss of EMI from bad credit ratings.

  6. 3. Learn to adjust monthly expenditure to account for your EMI. Knowing your monthly repayments will help you better understand how you can change your life and modify your expenses once the EMI starts.

  7. CONTACT US Clix Capital Services Pvt. Ltd. Address - 9th Two Horizon Center, 901b, DLF Phase 5, Sector 43, Gurugram, Haryana 122002 Email - hello@clix.capital Website - www.clix.capital BLOG -www.clix.capital/clixblog/

  8. THANK YOU

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