Know the Secret of Your Home Loan Calculation

How is principal and interest calculated on a home loan?

Typically, availing a home loan is a simple process. Once you find the lender you want to take the loan from, all you need to do is check the eligibility criteria, fill the application form and submit the documents. If approved, the lender would process your application, and the loan money would be deposited in your bank account. However, the backend of a home loan can be a bit complicated. For instance, have you ever wondered how your home loan is calculated? How do lenders fix the EMI for you,…

Read More