Home Loan Calculation Method | Save ₹4 Lakh+ Interest with Home Loan Prepayment [Hindi]

Home Loan Calculation Method | Save ₹4 Lakh+ Interest with Home Loan Prepayment [Hindi]
In this video by FinCalC TV, we will see how to calculate home loan EMI and interest using Excel Calculator formula examples in hindi, save home loan interest using prepayment and home loan principal & interest amounts calculation excel sheet prepayment option. We will also see how you can save home loan interest by home loan prepayment calculation. We will also see how interest and principal amounts of Home Loan EMI will be calculated. Home loan EMI can be increased to reduce the total interest.
Home Loan EMI Calculator:
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Home Loan Excel Calculator Download
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CHAPTERS:
00:00 Home Loan Calculation Method Intro
02:16 Loan Calculation Example
02:42 Home Loan EMI Calculation Excel Formula
06:13 Calculating Principal & Interest part in EMI
09:34 Example when Interest Rate Increases
11:50 Total Interest Calculation
13:01 Home Loan Calculator on FinCalC Blog
15:16 Home Loan Prepayment Calculation Examples
22:27 Conclusion
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After watching this video following queries will be solved:
How to calculate home loan EMI?
How to Save home loan interest?
How to calculate home loan EMI in excel sheet?
What is home loan EMI calculation excel formula?
What is home loan EMI calculation formula?
How to reduce home loan interest?
Loan prepayment excel examples to save loan interest?
Home loan prepayment or repayment options?
Principal and interest amounts of home loan emi?
Home loan emi increase will save interest amount?
Increase in EMI will decrease loan interest payment?
Benefits of home loan prepayments?
What is home loan emi not paid?
What is Home Loan EMI Calculator?
Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It an easy to use calculator and acts as a financial planning tool for a home buyer.
What is Home Loan EMI?
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.
How does EMI calculation help in planning the home purchase?
Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month. This helps estimate the loan amount that can be availed and helps in assessing the own contribution requirements and cost of the property. Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better.
Factors that Affect Housing Loan EMI
Principal- The principal is the loan amount that you avail from the lender. It is directly proportional to your EMIs - lower principal will lower your monthly instalments and vice versa.
Rate of interest- The rate of interest is the rate at which the lender offers you the loan. It is also directly proportional to the value of your loan EMIs.
Tenure- The tenure is the time within which you repay your loan. The tenure is inversely proportional to your loan EMIs - longer tenure makes the monthly instalments cheaper and vice versa.
What is Home Loan Amortization Schedule?
Loan amortization is the process of reducing the debt with regular payments over the loan period. A home loan amortization schedule is a table giving the details of the repayment amount, principal and interest component.
EMI calculators give a fair understanding about the ratio of the principal amount to the interest due, based on the loan tenure and interest rates. EMI calculator also provides an amortization table elucidating the repayment schedule. Home loan calculator provides a complete break-up of the interest and principal amount.
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.