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What is long form of EMI?

EMI stands for Equated Monthly Installment. This is the amount paid every month as long as the loan amount is outstanding,EMI are mostly calculated, when opting for a loan.


How do home loan calculators work?

Home loan calculator is an initiative in the financial sector. You can easily calculate EMI with the help of home loan calculator. There is a formula involved in calculating the EMI, with the help of which you can get the EMI amount. But it is a tedious task, so to reduce the effort and time lenders have introduced this loan calculator. You need to put the principal amount of the loan, tenure and the rate of interest of the loan, to get the EMI amount. You can calculate your EMI amount before even applying for a loan. This will help you to get an idea of your loan repayment capability.


How to surrender flat and stop loan EMI?

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What is the meaning of EMI?

EMI Music was originally Electric and Musical Industries(1931).The Japanese given name Emi means blessing or beauty.---Some terms with the acronym EMI:Electromagnetic Interference (or influence)As opposed to an EMP (pulse), this is an ongoing static or transmission impediment.Equated Monthly InstallmentA person intending to buy a flat who does not have sufficient funds can opt for EMI payment, by which the total loan amount is divided in equal monthly installments, including both principal and interest amount. In each month, the EMI amount is automatically reduced. One can pay up the total unpaid loan amount at a time without any penalty charged thereon.European Monetary InstituteEnterprise Management Implementation


Where can one find a home loan EMI calculator?

There are a large variety of different places where one can find a home loan EMI calculator. These places include, but are not limited to, websites like Bank Rate and Tripled Security.EMI-Calc.com offers a unique EMI Calculator where you can get amortization tables for financial years which are useful while filing government taxes to consider repayments of interest and principal components of the home loan.