How Muthoot Finance home loan EMI calculator provides instant Installments? Are you ready to finance your house or property with Muthoot Finance home loans, wait a minute did you check the equated monthly installments (EMIs) of your borrowed amount. If no then you should use the Muthoot finance home loan EMI calculator it is a home loan device for the customers, using which they can estimate their loan EMIs. To know how this device works? And what are its benefits? Read the given article. How to use the Muthoot Finance home loan EMI calculator? You can easily use the Muthoot Finance loan calculator device by visiting the Muthoot Finance official website. When you enter the website you will see the “EMI calculator” option on the page end click on it and you are directed to the Muthoot Finance home loan EMI calculator. You just need to insert your home loan details inside the calculator, like the borrowed amount, rate of interest and loan tenure up to which you will pay the EMI. Suppose, you have borrowed an amount of INR 31 lakh from Muthoot Finance on an interest rate of 12.77% per annum for your home renovation. And you are decided to pay the loan amount in 25 years of loan tenure so it must be difficult for you to calculate EMI, whether you are a math genius or not. At that time, the Muthoot finance home loan EMI calculator gives you the approx. EMI for the mentioned amount that would be INR 34,427. Using which formula the calculator gives you the loan installments? Muthoot Finance EMI calculator works on the formula [P x R x (1+R)^N]/[(1+R)^N-1], using this mathematical formula in which P is the principal amount, R is the interest rate and N is loan tenure it computes your monthly installments. An amortization table is also shown on your screens when you use Muthoot Finance home loan EMI calculator, with the help of which you have a detailed view of the future EMIs. Home loan benefits of Muthoot Finance EMI calculator You have the advantage of choosing a suitable loan tenure up to 30 years on your Muthoot Finance home loan. But do you know that your EMI can be lower if you take a suitable loan tenure and for this, you can use the Muthoot Finance home loan EMI calculator that would generate instant EMIs and represents the monthly installments in an amortization table. The home loan calculator also made convenient for you to know the prepayment benefits. Muthoot Finance charges a zero prepayment fee from you, so it will be beneficial if you prepay the loan amount. All in all, you must use the Muthoot Finance home loan EMI calculator so that you can get the benefit in your home finance. Apply for a home loan from Muthoot Finance by visiting the nearby
branch or through using the online services submit required documents or proofs and pay the processing fee and charges. If you have done all those things then you can finance your property (land) and house easily with Muthoot Finance effortless loan services.