How to use DHFL Home Loan EMI Calculator? If anyone would ever tell you that EMI calculation before opting for a home loan is not important, I urge you to never listen to that person. You may ask why? Becasue the most important part of opting for a home loan is EMI calculation for the loan amount. You will come across many individuals that have been bearing the brunt of not having an estimate of the EMI amount for their home loan by being a defaulter. To save yourself from such situations, you can use the DHFL Home Loan EMI calculator. This amazing tool by DHFL, which is one of the finest housing finance companies in India, helps you in having a guess about the monthly installments so that you could be better prepared for it. How come the need for EMI Calculation arose? Owning a home is the top priority for individuals living in any part of the world. It is one thing that everyone wants to have. There can not be anything like home. But in a country like India, there are not many individuals who can afford their own homes due to prices of homes that are skyrocketing with each passing day. Not everybody can manage such a huge amount in one installment. To solve this problem, there are several banks and housing finance companies in India that are providing home loan facilities to the customers. DHFL is one of them that also provides home loan to the customers who are in need of it. Talking about the need, the need for EMI calculation before opting for a home loan starts to make waves when people started to look for an option by which they can know the EMI amount beforehand and save themselves from missing the payment. With the help of the DHFL home loan EMI calculator, you can have a correct estimate about the EMI amount. When you will know about this amount, you will be able to prepare yourself in a better way. Details that you will need to use the EMI calculator When you use any kind of calculator and want to get an output, you need some inputs that you can feed into it. Same as, to calculate the EMI amount with the help of DHFL home loan EMI calculator, you will also need a few details to feed into it. You can have a look at the mentioned below. Loan Amount: With the help of the DHFL home loan, you can take up to 90% of the cost of the selected property upto a limit of INR 30 lakh. You will need to manage the remaining 10% of the corpus. Rate of Interest: D HFL Home loan interest rate starts from a range of 9.75% per annum. What rate of interest will you get depends on factors like monthly income, repayment capability, credit score, employment type, and others? Loan Tenure: T his is the third and last thing that you will need to feed into the calculator. Tenure is the number of years you need to repay the loan back. You can opt for a maximum of 30 years which can not extend beyond your retirement age or 60 years. On feeding these details into the DHFL home loan EMI calculator, it will give you the exact EMI amount to you within a second.
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