Home Loan: Planning to Take a ₹40 Lakh Loan for 25 Years? Know Your Monthly EMI Before You Apply
Owning a home is one of the biggest achievements for any individual. However, with the skyrocketing prices of real estate in India, it has become increasingly difficult for middle-class families to afford a home without external financial support.
That’s where home loans come in. They make buying a house possible by allowing you to spread the cost over several years. But before you rush to the bank to apply for a home loan, it’s crucial to understand the EMI (Equated Monthly Installment) that you will need to pay every month.