Calculate your monthly EMI and plan your home loan repayment effectively
💡 Your monthly EMI includes both principal and interest components. The EMI remains constant throughout the loan tenure, but the proportion of principal and interest in each EMI changes over time.
⚠️ Higher interest rates and longer tenure will significantly increase your total interest payment. Consider pre-paying when possible to reduce the overall interest burden.
✅ A good debt-to-income ratio should not exceed 40%. Make sure your EMI is within your comfortable repayment capacity.