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600 total views A home loan is availed to facilitate the purchase of a property. The lender gives out the loan charging an interest rate to be paid back in equal monthly instalments. Thus, the EMI comprises both the principal amount and the interest rate. Home loans are given out in lump sum and paid back in equal monthly instalments known as (EMI). It is one of the most crucial factors you need to calculate before finalizing only after comparing all the lenders offering the loan. What is an EMI? EMI…
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