Home Loan Prepayment & Calculation Method | Reduce EMI or Tenure? With Excel Calculations

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479.1 هزار بار بازدید - 3 سال پیش - Home Loan Prepayment & Calculation
Home Loan Prepayment & Calculation Method | Reduce EMI or Tenure? With Excel Calculations
In this video by FinCalC TV, we will see how to calculate home loan EMI and interest using Excel Calculator formula examples in hindi, save home loan interest using prepayment and home loan principal & interest amounts calculation excel prepayment option & home loan calculation method formula. We will also see how you can save home loan interest by home loan repayment calculation. We will also see how interest and principal amounts of Home Loan EMI will be calculated. Whether to reduce EMI or tenure after Home Loan prepayment. Home loan EMI can be increased to reduce the total interest.

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Timestamp:
00:15 Intro
01:52 Download Income Tax Calculator
02:21 Home Loan EMI, Principal, Interest & Prepayments
03:32 Options after Loan repayment
03:55 Types of Interest rates in Home Loan
04:22 Prepayment lock in period for Fixed interest rate
05:04 Prepayment charges in Fixed interest rate
05:38 Reasons for Prepayment lock in and charges
06:41 Home Loan Excel Calculator
08:43 Home Loan EMI Calculation formula
10:59 Home Loan Principal & Interest Calculation formula
15:30 Home Loan Interest Change Example
17:17 Home Loan Prepayment Example to save Interest
23:28 Simple Interest on Home Loan Prepayment
26:00 Loan Prepayment Lock in period
27:09 Reduce EMI or Tenure with Calculations Examples

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After watching this video following queries will be solved:
How to calculate home loan EMI?
How to Save home loan interest?
Whether to reduce EMI or Tenure in Home loan after prepayment?
How to calculate home loan EMI in excel sheet?
What is home loan EMI calculation excel formula?
What is home loan calculation method & formula?
How to reduce home loan interest?
Loan prepayment excel examples to save loan interest?
Home loan prepayment charges and lock in period
Principal and interest amounts of home loan emi?
Home loan emi increase will save interest amount?
Benefits of home loan prepayments?

What is Home Loan EMI Calculator?
Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It an easy to use calculator and acts as a financial planning tool for a home buyer.

What is Home Loan EMI?
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.

How does EMI calculation help in planning the home purchase?
Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month.

Factors that Affect Housing Loan EMI
Principal- The principal is the loan amount that you avail from the lender. It is directly proportional to your EMIs - lower principal will lower your monthly instalments and vice versa.
Rate of interest- The rate of interest is the rate at which the lender offers you the loan. It is also directly proportional to the value of your loan EMIs.
Tenure- The tenure is the time within which you repay your loan. The tenure is inversely proportional to your loan EMIs - longer tenure makes the monthly instalments cheaper and vice versa.

#LoanPrepayment #ReduceEMI #ReduceTenure #LoanEMICalculation #EMIExcelFormula #Excel #Calculator #FinCalCTV

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DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
3 سال پیش در تاریخ 1400/02/24 منتشر شده است.
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