What is a home loan and how it is calculated?


Posted September 30, 2020 by homeloan

You can now realize your dream of owing a home with Clix Capital’s attractive online home loan offers. It offers home loan at best interest rates and help you buy a house that you can call your home.

 
The only thought when one plans to purchase a house is a home loan. Clix Capital comes up with a flexible Home loan. The home loan is designed with easy installment, long tenure, flexible debt payments, and an advisable limit. With Clix Capital, it’s time to make your ‘dream home’ a reality.

What is Home Loan?

What is a home loan can be the first question when you plan to buy a property. It is the amount of money a person borrows from any lender, financial institution, or banks. The loan comes with tenure and a rate of interest. The borrower repays it within the stipulated time and paying the interests. Home loan has helped many to buy their own home, which is a huge asset. The amount of the loan completely depends upon the lender and the borrower’s credit history and past repayment.

Home loan repayments

The home amount by Clix Capital is paid in easy installments. This is a flexible amount which is payable every month. Each of the installments has the interest payable. Now how do you calculate the loan repayment amount for every month? Calculating the amount will give you the right number, which you have to pay in the defined time of every month for the fixed tenure. If you are wondering how you can calculate the exact installment amount, check the steps.

Calculate EMI Installments

Clix Capital offers you a comprehensive solution to calculate the EMI installments of the loan amount you take. The home loan EMI calculator will help you have the exact amount to be paid. Based on the three parameters the loan installment is calculated.

• Loan amount
• Loan tenure
• Interest rate

A calculation makes your cash flow transparent so that you can pay back your loan amount at ease. It is a great tool for financial planning and loan servicing. The loan calculator helps you assess the down payment along with the installments helping you in financial planning. Clix Capital helps you to calculate your installments and provide a clear picture of the debt repayments.

As per your income, you can go for the home loan and can also get great offers on home loan EMI payment. Clix Capital has many customized plans for you to help you get your dream home with a quick and hassle-free process. You will love to get custom assistance by comparing all the home loan finance plans available in the market.

Corporate Address:
901b, 9th Floor, Two Horizon Centre, DLF Phase V, Gurgaon, Haryana, India – 122002
Website : https://www.clix.capital/
Phone : 1800 200 9898
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Issued By Ajay Singh
Phone 1800 200 9898
Business Address 901b, 9th Floor, Two Horizon Centre, DLF Phase V, Gurgaon, Haryana, India – 122002
Country India
Categories Loans
Tags Home Loan , home loan online
Last Updated September 30, 2020