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The formula for calculating the EMI (Equated Monthly Installment) for a home loan in India is:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where, P = Principal amount (the amount you borrow) R = Rate of interest per month (calculated by dividing the annual rate of interest by 12) N = Number of monthly ...

A mortgage loan, also known as a home loan or a mortgage, is a type of loan used to purchase a property or a piece of real estate. The property that is purchased is typically used as collateral for the loan, meaning that if the borrower defaults on their payments, the lender has the right to seiz...

Construction loans are designed for individuals who want to build a new home from scratch. These loans can be used to cover the cost of materials, labor, and other expenses associated with building a new home. Renovation loans, on the other hand, are designed for home owners who want to renovate ...

Age: The minimum age for availing a home loan is 21 years, and the maximum age should not exceed 60 years or retirement age, whichever is earlier, for salaried individuals. For self-employed individuals, the maximum age limit is 65 years.

Income: Banks and financial institutions have a minimum i...

Loan Agency for Purchase of Land / Site / Plot In Bangalore