Home Loan Calculation

--:Home Loan Calculation:--

Every buddy want to buy or make dream home, but house price is touching sky. to fulfill this we go to bank or privet financier. But before of booking flat or house, we must do homework i.e EMI calculation.

And its very confusing to calculate EMI (Equated Monthly Installments) but I am giving you a very easy formula to calculate this:

Example:

Type of Home Loan:

Reference for more detail visit these URLs:

http://www.jagoinvestor.com/2008/01/how-home-loan-emi-is-calculated.html

http://www.deal4loans.com/home-loan-emi-calculator1.php

http://www.commonfloor.com/guide/home-loan-interest-rates-of-the-major-banks-in-india-11413.html

To be continued................