The Piramal Finance home loan calculator makes determining your home loan EMI simple. The home loan interest calculator can assist you in choosing a wise decision about purchasing a new home. The EMI calculator can also help you plan your finances on a monthly basis. Piramal Finance offers a pleasant home loan EMI for you by offering a low interest rate and a long payback period. With the simple house loan EMI calculator, you can figure out how much you'll have to pay in EMIs for your home loan.
EMI is the abbreviation for Equated Monthly Installment. It includes repaying the principal as well as paying interest on the outstanding balance of your home loan. The EMI can be reduced by taking out a loan for a longer period of time (up to 30 years).
The home loan EMI calculator provides a clear picture of the amount that must be paid in EMIs and assists in making an informed decision regarding the monthly outflow for the housing loan. This aids in estimating the loan amount that can be obtained, as well as determining the required own contribution and the property's cost. As a result, understanding your EMI is critical for determining your home loan eligibility and better planning your home purchase process.
Loan amortization is the process of lowering debt during the life of the loan by making monthly payments. Based on the loan tenure and interest rates, Piramal Finance's EMI calculators provide a reasonable grasp of the ratio of the principal amount to the interest due. The Piramal Finance home loan calculator breaks down the interest and principal payments in detail.
After using the calculator to estimate your EMI, you can quickly apply for a house loan online from the comfort of your own home using Piramal Finance's online home loans.
Even if you haven't found your dream house yet, Piramal Finance can help you get a pre-approved home loan. A pre-approved house loan is a loan that has been authorised in principle based on your income, creditworthiness, and financial situation.
The Equated Monthly Instalment, or EMI, is the monthly payment a house loan borrower must make in order to repay the loan within the stated loan term.
The EMI calculator can help you determine whether you can afford the long-term financial commitment of a house loan. Depending on the amount you're getting and the time period for which you'll be paying the equivalent monthly instalments, you can increase or decrease your EMI amount.
Part-payment decreases the principal, which lowers the amount of interest you must pay, resulting in cheaper EMIs.
You can enjoy taxation advantages around Rs. 1.5 lakh on the principal value returned through EMIs each year under Section 80C. You can also claim a house loan tax benefit on the interest component of the loan that you return annually through your EMIs up to Rs. 2 lakhs under Section 24.
To complete their application, home loan applicants must provide personal, income, and property-related documents. PAN cards, Aadhar cards, utility bills, paycheck slips, and ITRs are just a few examples.
Piramal Finance is a wholly-owned subsidiary of Piramal Group Enterprises Limited and is registered with National Housing Bank (NHB). It provides retail funding as well as wholesale opportunities to companies across different industries. Piramal Finance also engaged in several financial services businesses. With the plethora of business loan benefits, many businesses tend to lean towards Piramal Finance for their financial needs.