Term life insurance is a sort of policy that covers you for a certain amount of time. The cover amount is paid to the nominee

From the standpoint of both homeowners and investors, it is desirable to own a property when the value of real estate rises.

You receive a reasonable loan amount over a lengthy period of time. A fixed interest rate is charged by banks and financial organisations.

The EMI for a loan is made up of both principle and interest and is set for the duration of the loan.

The Home Loan EMI Calculator is a simulation that will assist you in calculating the EMIs that you will be responsible for on your home loan.

The monthly EMIs will be calculated using a home loan calculator that takes into account the principle, interest, and loan term.

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n - 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

It is:1. EMI = [P x R x (1+R)N ]/[(1+R)N-1]2. P is the principal or loan amount.3. R is the monthly home loan interest rate.

4. N is the number of EMIs or the tenor in months.5. EMI = [P x R x (1+R)N ]/[(1+R)N-1]6. (1+R)N = (1+.008331250) 240 = 7.322.