Home Loan: How Much Will Be the EMI on a ₹40 Lakh Loan for 25 Years?
Owning a home is a dream for every individual. But with the rising property prices, buying a house has become a major challenge for the common man. In such a situation, a home loan becomes a helpful tool that enables people to fulfill this dream.
However, before taking a home loan, it's important to understand the interest rate, EMI (Equated Monthly Installment), and total repayment amount. This helps in proper financial planning and avoids future difficulties.