Home Loan EMI Calculation & Prepayment Excel Calculator | Reduce EMI or Tenure Examples

Home Loan EMI Calculation & Prepayment Excel Calculator | Reduce EMI or Tenure Examples in Hindi
In this video by FinCalC TV we will see home loan EMI calculation and prepayments examples with the help of excel calculator in hindi. We will see how to calculate home loan EMI, home loan prepayment reduce emi or tenure, how interest is calculated in hme loan, home loan kaise le, home loan emi kaise calculate hota hai, home loan interest rate, etc.
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Home Loan Prepayments Reduce EMI or Tenure
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CHAPTERS:
00:00 Home Loan EMI Calculation & Prepayments Intro
00:29 Home Loan EMI Components
01:00 EMI Calculation Examples
03:40 What is Home Loan Prepayments
05:05 Home Loan Prepayment Examples in Excel
06:49 How Interest is calculated
07:43 How Principal Amount is calculated
09:25 Making Loan Prepayment of Rs. 50,000
11:25 Home Loan EMI Calculation & Prepayments Conclusion
WHAT IS HOME LOAN EMI CALCULATOR
Home Loan EMI Calculator helps you to calculate home loan EMI (Equated Monthly Installment). This calculation helps you in planning for loan to buy or construct new house so that you get the idea of monthly loan EMI you will be paying.
HOME LOAN EMI CALCULATION METHOD
- Home loan EMI can be easily calculated in excel using PMT function
- PMT function takes 3 parameters: Interest Rate, Remaining months and Principal value remaining
- Interest rate provided should be the monthly home loan interest rate divided by 100
- Remaining months is the number of months remaining for which EMIs are yet to be paid
- Principal value is the outstanding principal amount remaining in your loan account
- Remember, your EMI consists of 2 things: Principal Amount and Interest Amount
- Interest Amount is high initially, and decreases with time
- Principal Amount is low initially, and increases with time
COMPONENTS OF LOAN EMI
- Basically there are 2 components of loan EMI - Principal Amount and Interest Amount
- Principal amount is low initially and increases with time
- Interest amount is high initially and decreases with time
- Majority of Interest amount is paid by you during the first half of your loan tenure
- As you move towards your loan closure by paying all EMIs on time, very less interest if left to be made making it difficult to save loan interest using loan prepayment option
- Thus, it is recommended that if you are making loan prepayments to save interest, make the payments during initial half of the loan so that you can save maximum interest on your loan
#HomeLoan #HomeLoanEMI #LoanPrepayment #fincalc
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.
I Am Not A SEBI Registered Adviser. All The Information Provided By Me Are For Educational/Informational Purposes Only. We Do Not Take Any Responsibility For The Accuracy Of The Data But As It May Contain Typographic Or Other Errors And Inaccuracies And We Expressly Disclaim Liability For Any Errors On The KZbin Channel (FinCalC TV). Please consult your Financial Advisor before taking any decision or action in terms of your Finances.

[@TvVu-de9wy]

Appreciating your hardwork & Thanks alot for creating a wonderful home loan calculator this helped us alot in calculating EMi. Can you also please create a calculator on a real scenario that whenever bank increases the rate of interest, tenure and EMI both increasing. Many users want to understand that as well and it will help them alot in calculation. Thanks again Expecting it from as soon as possible.

[@fincalc]

Thank you. Already made a video on interest rate increase Check here kzbin.info/www/bejne/aXa0p6aNmaelq7ssi=xgTUr5IIsI76A-Iz Hope it helps 🙏

[@tarunsoneja386]

Have u created a calculator for construction linked plan where principal amount increases from time to time for home loan ??

[@tarunsoneja386]

Like u created for prepayment

[@pradeeptachhotray1137]

Great discussion, Prepayment or SIP, which is better?

[@fincalc]

For closing loan faster than prepayment is better.. and if you want to accumulate wealth than sip for long term is better.. so it depends on these financial goals

[@gokulnair3955]

How is the interest amount much larger than principal

[@huzaifabhatti9912]

Excel download nahi ho raha he