BANK LOAN

Housing Finance Companies (HFCs)/Nationalized Banks usually give home loans for properties located in India to people who are employed or self-employed, with a regular source of income.

An individual can apply for a home loan even before the property has been selected. The loan amount is sanctioned based on the ability to repay. This helps in planning a budget while purchasing the house. Loan eligibility is calculated based on the ability to repay. Factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability and continuity of occupation and savings history are taken into consideration. Repayment is done through Equated Monthly Installments (EMI). Both the principal amount and the interest are taken care of in the EMI & Fixed interest. Processing and administrative fees, pre-payment charges and delayed payment charges, legal fees, technical fees, stamp duty and registration of mortgage deed are all likely areas of expenditure. The maximum amount is 85% of the cost of the property, including the cost of land, subject to a maximum amount of Rs 1 crore for a period of 5 to 15 years.

EMI CALCULATOR

Welcome to your very own EMI calculator.
All you need to do is enter your loan amount and we will get you the EMI.

All fields are mandatory
Please enter you required loan amount
Enter time period in months
Please select the interest rate provided by the bank
 
YOUR EMI IS
 
AREA CONVERSION CALCULATOR

Enter a value and click the "Convert" button to get the equivalent value in different units of measurements.

Square Feet:
Square Yards:
Square Meters:
Acres:
Hectares:
Grounds:
Cents:
 
 

* The calculator is accurate up to (9 digits) which is the generally accepted calculation.

All of the conversions on this site are completely free for personal and commercial use. The accuracy and correctness of these calculators and tables is NOT guaranteed however- in short use it for your rough estimations.

AFFORDABILITY CALCULATOR

Choose the right loan. Enter your EMI Payment you can afford and calculate the value of the loan.

 
All fields are mandatory
Please enter your EMI amount you can afford to pay
Repayment Period in Months
Please select the interest rate provided by the bank
YOUR LOAN AMOUNT IS
 
 

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