The Basics of Efficiently Managing your Home Loan EMI - PowerPoint PPT Presentation

About This Presentation
Title:

The Basics of Efficiently Managing your Home Loan EMI

Description:

Going through this presentation, you can calculate your home loan EMI. With just few steps, you can find out amount of EMI and interest you will pay each month. You can use EMI calculator to calculate home loan EMI at Clix Capital website. – PowerPoint PPT presentation

Number of Views:10
Slides: 9
Provided by: loanoffersindia
Category: Other
Tags:

less

Transcript and Presenter's Notes

Title: The Basics of Efficiently Managing your Home Loan EMI


1
ALLPPT.com _ Free PowerPoint Templates, Diagrams
and Charts
The Basics of Efficiently Managing your Home
Loan EMI
2
OVERVIEW
  • Those with easy access to finance have adopted
    loans as an integral part of their lives to cover
    all
  • types of planned and unplanned expenses. Even if
    a home loan is a blessing, several problems may
  • arise before availing one. Hence, before you
    apply for a home loan, it is essential to use
    the 
  • home loan EMI calculator to make sure you can
    effectively afford the repayments.

3
How to use an EMI calculator for home loans?
  • Only three factors are needed to use the EMI
    calculator i.e., Home loan amount,
  • home loan tenure, and the interest rate on home
    loans. After entering the
  • necessary data, the calculator begins to
    calculate the EMI value using the
  • following formulaEMI calculation formulaEMI
    P x R x (1 R) 2 N / (1 R) 2 N-1,
    where P stands for the principal home loan
    amount. R stands for the monthly interest
    rate. N stands for the number of payments per
    month.

4
The importance of using an EMI calculator for a
home loan
  • 1. It is simple, convenient, immediate, and
    accurate.The EMI calculator for home loans can
    do complex calculations in a matter of seconds.
    Otherwise, it will take hours with paper and pen.
    The calculations are 100 accurate, as there is
    no human interference.

5
2. You can determine your EMI payments to get a
good credit score
  • You can prepare for debt payments ahead of time
    by using the EMI calculator for home loans, to
    avoid loss of EMI from bad credit ratings.

6
3. Learn to adjust monthly expenditure to account
for your EMI.
  • Knowing your monthly repayments will help you
    better understand how you can
  • change your life and modify your expenses once
    the EMI starts.

7
CONTACT US
  • Clix Capital Services Pvt. Ltd.
  • Address - 9th Two Horizon Center, 901b,
  • DLF Phase 5, Sector 43,
  • Gurugram, Haryana 122002
  • Email - hello_at_clix.capital
  • Website - www.clix.capital
  • BLOG - www.clix.capital/clixblog/

8
THANK YOU
Write a Comment
User Comments (0)
About PowerShow.com