Home Loan Prepayment & Calculation Method | Reduce EMI or Tenure? With Excel Calculations
In this video by FinCalC TV, we are going to see calculate house mortgage EMI and curiosity utilizing Excel Calculator method examples in hindi, save house mortgage curiosity utilizing prepayment and residential mortgage principal & curiosity quantities calculation excel prepayment choice & house mortgage calculation methodology method. We will even see how one can save house mortgage curiosity by house mortgage reimbursement calculation. We will even see how curiosity and principal quantities of Home Loan EMI will likely be calculated. Whether to cut back EMI or tenure after Home Loan prepayment. Home mortgage EMI may be elevated to cut back the entire curiosity.
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Timestamp:
00:15 Intro
01:52 Download Income Tax Calculator
02:21 Home Loan EMI, Principal, Interest & Prepayments
03:32 Options after Loan reimbursement
03:55 Types of Interest charges in Home Loan
04:22 Prepayment lock in interval for Fixed rate of interest
05:04 Prepayment expenses in Fixed rate of interest
05:38 Reasons for Prepayment lock in and expenses
06:41 Home Loan Excel Calculator
08:43 Home Loan EMI Calculation method
10:59 Home Loan Principal & Interest Calculation method
15:30 Home Loan Interest Change Example
17:17 Home Loan Prepayment Example to save lots of Interest
23:28 Simple Interest on Home Loan Prepayment
26:00 Loan Prepayment Lock in interval
27:09 Reduce EMI or Tenure with Calculations Examples
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After watching this video following queries will likely be solved:
How to calculate house mortgage EMI?
How to Save house mortgage curiosity?
Whether to cut back EMI or Tenure in Home mortgage after prepayment?
How to calculate house mortgage EMI in excel sheet?
What is house mortgage EMI calculation excel method?
What is house mortgage calculation methodology & method?
How to cut back house mortgage curiosity?
Loan prepayment excel examples to save lots of mortgage curiosity?
Home mortgage prepayment expenses and lock in interval
Principal and curiosity quantities of house mortgage emi?
Home mortgage emi enhance will save curiosity quantity?
Benefits of house mortgage prepayments?
What is Home Loan EMI Calculator?
Home Loan EMI Calculator assists in calculation of the mortgage installment i.e. EMI in direction of your private home mortgage. It a straightforward to make use of calculator and acts as a monetary planning instrument for a house purchaser.
What is Home Loan EMI?
EMI stands for Equated Monthly Installment. It contains reimbursement of the principal quantity and cost of the curiosity on the excellent quantity of your private home mortgage. An extended mortgage tenure (for a most interval of 30 years) helps in decreasing the EMI.
How does EMI calculation assist in planning the house buy?
Home Loan EMI calculator offers a transparent understanding of the quantity that must be paid in direction of the EMIs and helps make an knowledgeable resolution in regards to the outflow in direction of the housing mortgage each month.
Factors that Affect Housing Loan EMI
Principal- The principal is the mortgage quantity that you just avail from the lender. It is straight proportional to your EMIs – decrease principal will decrease your month-to-month instalments and vice versa.
Rate of interest- The charge of curiosity is the speed at which the lender affords you the mortgage. It can also be straight proportional to the worth of your mortgage EMIs.
Tenure- The tenure is the time inside which you repay your mortgage. The tenure is inversely proportional to your mortgage EMIs – longer tenure makes the month-to-month instalments cheaper and vice versa.
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DISCLAIMER:
Examples used are for Illustration function solely and won’t cowl each element of examples proven. It is suggested to hunt skilled assist earlier than taking any monetary choices. The proprietor of this channel shall not be liable in any means.
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