Muthoot Finance Home Loan EMI Calculator - A device That Determines Your EMIs

1. Muthoot Finance Home Loan EMI Calculator - A device That Determines Your EMIs Muthoot Finance is a leading financial company which provides you home loans to finance your house or property. It provides you home loans at an attractive interest rate of 12.50% per annum. You can determine the Equated Monthly Installment (EMI) using ​Muthoot Finance home loan EMI calculator. It is a simple device which calculates your loan installments in just a few seconds. Read the given article to know about the loan EMI calculator & its benefit. What is a Home Loan EMI Calculator & how it Works? A home loan EMI calculator is a device which generates the monthly loan installments of your borrowed loan amount. It calculates the EMI of your loan amount using the formula ​[P*R (1+R)^n] / [(1+R)^n-1] in this equation P is your borrowed loan amount and N is your loan payment duration which is maximum up to 20 years and R is your applicable home loan interest rate. You can easily use the ​Muthoot Finance home loan EMI calculator​ by just entering your loan details. How to use the Muthoot Finance home loan EMI calculator? You just need to follow the below-mentioned steps to use the Muthoot Finance loan EMI calculator. ❖ Visit the official website of Muthoot Finance ❖ And click on the Calculator option ❖ In the dropdown, you’ll see the EMI Calculator option, click on it. ❖ After that, you’ll be directed to Muthoot Finance EMI calculator. Then you just need to enter your loan details like your desired loan amount, interest rate and loan tenure and it will generate EMI of your desired home loan amount. ​Muthoot Finance home loan​ EMI calculator provides you an approx result of your loan EMI that provides you many benefits. Benefits of the Muthoot Finance EMI Calculator You will get several benefits when you use the Muthoot Finance EMI calculator it not only gives you the approx EMI of your loan amount but you can also manage the loan repayment schedule of your home loan. Because it provides you an amortization schedule of the home loan by which you get the important information of your loan repayment like the outstanding balance, principal loan amount and the queued up EMIs of your home loan. The Muthoot Finance also provides

2. you Tax benefits under section 80C & 24B of the Income Tax Act (ITA) by which you can get a Tax deduction subjected to a maximum INR 2 Lacs for interest payments and up to Rs 1.5 Lacs for principal repayment. You can also share the Tax benefits with your co-borrower under certain terms and conditions. So, use the Muthoot Finance home loan EMI calculator to get these benefits by which you can easily manage your ​home loan​ without any hassle. All in all Muthoot Finance Ltd. is a suitable housing finance company to provide you home loans to finance your new house, property or renovation and extension. It provides you home loans at a floating rate of interest with easy payment options of ECS & PDC.