To understand the functionality of a home loan calculator, an individual needs to understand the mathematical equation first. Generally, financial lenders follow a specific mathematical formula to calculate the home loan EMI.
A recent report by a market research agency indicates a 22% CAGR growth of the home loan market in this country during 2021-2026. The lowered interest rates available and the growth of real estate sector has contributed to fuelling this growth. Therefore, if you are planning to apply for a housing loan it is better to … Read more