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Principal Amount of Home Loan: Meaning and Calculation with Examples in 2024

The Principal Amount of a Home Loan is the original sum borrowed from a lender, excluding interest. It's the amount on which interest is calculated. For example, if you borrow ₹50 lakhs, that’s your principal. As you repay the loan, the principal decreases, while interest is charged on th

Written by CA Akshay Attal

Published on October 16, 2024

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15 Lakh Home Loan EMI With Calculator and Interest Rates 2024

Buying a home can be challenging, especially when understanding the financial intricacies. To make matters easier, you can choose a Rs. 15 Lakh home loan EMI in 30 days, with an easy monthly payment of ₹11,428. This a

Written by Priyanka Saha

Published on October 16, 2024

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₹55 Lakh Home Loan EMI for 5 to 30 Years: Document Required, Calculation and Interest Rates in 2024

Home loan is crucial for buying a home and ensuring long-term stability. Knowing the details of 55 lakh home EMI is crucial for making informed decisions while applying for a home loan. The home loan interest rates start from 8.35% -12.5%, depending on the lender. A Rs 55 lakh housing loa

Written by Krishnanunni H M

Published on October 15, 2024

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₹50 Lakh Home Loan EMI With Calculator And Interest Rates 2024

Understanding the financial aspects of a home loan is crucial for buying a property. In this article, we delve into the intricacies of ₹50 lakh home loan EMI. Calculate your monthly payments for different tenures, explore EMI options, and make informed decisions about your housing loan.

Written by Manu Mausam

Published on October 14, 2024

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₹32 Lakh Home Loan EMI for 5 to 30 Years: Document Required, Calculation and Interest Rates in 2024

The ₹32 Lakh home loan can help investors buy their dream house and manage their finances effectively. The standard interest rate ranges from 8.35% to 12.60% for five to thirty years home loans. The loan amount and duration are used to compute the EMI. For instance, the EMI will be around

Written by Simon Ghosh

Published on October 9, 2024

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₹23 Lakh Home Loan EMI: Interest Rates, Calculation and Manage Your Repayments in 2024

Whether you are buying your dream house or investing in an older property, it is wiser to take the help of a home loan. Anyone can apply for a Rs 23 Lakh home loan to manage finances quite easily without getting into debt. You can better control the 23 lakh home loan EMI load by choosing

Written by Jessica Solomon

Published on October 9, 2024

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₹65 Lakh Home Loan EMI for 5 to 30 Years: Document Required, Calculation and Interest Rates in 2024

Using a home loan to buy a property can be the best way to manage your finances. However, it is important to understand your home loan details, EMI, interest rate, and fee to avoid any last-minute hassle. In general, most of the lenders offer interest rates of 8.35% to 12.60% on Rs 65 Lak

Written by Jessica Solomon

Published on October 9, 2024

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IIFL Home Loan Interest Rates: Eligibility, Types, and Documents Required in 2024

IIFL Bank offers competitive home loan interest rates starting at 8.75% p.a. (8.40% p.a. for women applicants) in 2024, with loan tenures of up to 30 years. Financing covers up to 85% of the property’s value, subject to conditions. To qualify, applicants need a credit score of 700 or high

Written by Prakhar Sushant

Published on October 8, 2024

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