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Use the interactive home loan calculator to calculate your home loan EMI. Get all details on interest payable and tenure using the housing loan calculator<br>
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A couple of online MF distributors are saying that one should avoid taking a loan to meet their goals such as home and car, and instead build the savings pool for the needs. • But these calculations are based on several assumptions that may or may not withstand the test of time.
The equated monthly installment (EMI) versus systematic investment plan (SIP) chant is getting louder again after first showing its head in 2014. • Assumptions If we go by the Calculate Home Loan Emi • there are several assumptions that have been considered, which have been true in the past. • but may or may not withstand the test of time in the future.
Need or investment Firstly, people buy homes as a dwelling unit and not necessarily as an investment. • Shifting rented spaces after every 11 months is not what everyone is comfortable with. • Buying a home or not is a choice people make out of necessity and not usually from an investment perspective. • [Source: http://www.dnaindia.com/money/report-saving-to-buy-a-car-a-loan-may-be-better-2258999]
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