When i took Home Loan, one of the problems which i faced was finding right EMI Calculator, Most of the EMI Calculator available on internet were not compatible with Home Loans e.g. There was no option to change Interest rate, EMI or add pre-payment during loan tenure…Home Loans available today in market have varying Interest and Tenure..EMI may or may not vary…So considering requirement of market, i have created following EMI calculator which is very flexible and it will show break up of interest and Principal component…You can change Interest Rate, EMI and can also add any pre-payment details…Besides Home Loan, this EMI calculator can be used for all other kind of loans. I have added some sample data for easy understanding…Pls share ur feedback on same and also let me know if any changes required in same.
Pls click on following link to download EMI Calculator
Normally the banks/HFC don’t share the Home Loan account statement on regular basis i.e. until & unless you specifically ask for same. Secondly through online interface, you cannot check the principal outstanding amount therefore EMI calculator comes handy to completely understand the loan outstanding and other details.
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