What are the benefits of using a Home Loan Calculator?

The Home Loan EMI Calculator is a very useful tool with multiple benefits:

1. It helps you estimate the EMI amount even before applying for the loan. This gives you clarity on the monthly repayment burden.
2. You can modify different combinations of loan amount, interest rate and tenure to arrive at an optimal EMI that fits your budget.
3. It helps compare EMIs across financial institutions by inputting their interest rates. This aids decision-making when choosing a loan provider.
4. It gives insights on how much you save on interest and total repayment by increasing EMI, making prepayments or reducing loan tenure.
5. You can assess the impact of rate hikes on your EMI by entering higher interest rates.
6. It is quick, easy to use and available 24/7 for free.