All About Mortgage Loan & Interest Rate Calculator

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All About Mortgage Loan & Interest Rate Calculator

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Mortgage loan EMI calculator helps you calculate the EMI amount payable towards your loan accurately. Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better. – PowerPoint PPT presentation

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Title: All About Mortgage Loan & Interest Rate Calculator


1
ALL ABOUT MORTGAGE ITS FEATURES
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What is Mortgage?
  • A mortgage is a secured loan against the value of
    your property that is secured by property which
    can be used to meet the needs of education,
    wedding, growing business needs, or unforeseen
    medical expenses and many more. Most run for 25
    years but the term can be shorter or longer.

4
What is Mortgage Loan Interest Rate?
  • Mortgage interest rate indicates the annual cost
    to borrow money from your lender. The calculation
    is considered as a percentage of your total loan
    balance and is paid on installment, along with
    your principal payment, until your loan is paid
    off. Mortgage rates depend on various factors,
    including availability of money in the market,
    inflation and monetary policies.

5
Does Mortgage Loan Calculator Helps?
  • It is a tool that helps a user to calculate his
    monthly installments or EMIs on mortgage loans.
    For the calculation process one must know
  • The loan amount
  • Interest rate
  • Tenure
  • This process helps a person to get a clear
    understanding and picture as it gives the
    simplifies data.

6
Apply for a Bajaj Finserv Mortgage Loan and
finance your needs today.
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