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Download the free Excel Home Loan EMI Calculator where add loan prepayment at regular (monthly or yearly) or irregular frequencies (lump sum). Also, you can check the outstanding loan balance after a ...

These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...

"Repo rate cuts by RBI are expected to bring relief to home loan borrowers, with an easing in the EMI burden. If the interest rates do come down, then the EMI would also come down on floating-rate ...