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Comprehensive Loan & EMI Guide

Everything you need to know about interest calculations, loan tenure selection, and strategies to lower your total interest burden.

1. How EMI Works

An Equated Monthly Installment (EMI) consists of two parts: the principal repayment and the interest payment. In early tenure months, interest makes up most of the EMI payment.

2. Flat Rate vs. Reducing Balance Rate

  • Flat Rate: Interest is calculated on the original principal amount throughout the entire tenure. This costs significantly more.
  • Reducing Balance Rate: Interest is calculated only on the remaining unpaid principal amount each month.

3. Smart Tips to Reduce Home Loan Burden

Making just one additional EMI payment per year or making partial prepayments early in the loan tenure can shave off years of interest debt.

Check your exact EMI now

Calculate monthly payments & complete interest breakdowns.

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