How BOI Home Loan EMI Calculator Help Plan My Finances?
You borrowed an amount for home finance from Bank Of India and now find it difficult to manage it, then use the BOI home loan EMI calculator. The online calculator tool is for customer use only so that they can pay their EMI on time by avoiding late payment and its effect on the credit history. Read this article to know the benefits of the BOI EMI calculator on your loan. Quick payment without delay, when I use the BOI home loan EMI calculator! The calculator generates EMI through [P x R x (1+R)^N]/[(1+R)^N-1] EMI formula. In the given formula, P is principal, R is the interest rate and N is duration. If you enter these details of your home loan, then you get the calculation according to it. Just suppose if you borrowed INR 12 lakh for home construction at 12.69% interest rate for 240 months. Then the BOI home loan EMI calculator gives the result of INR 13,795. So, this is how you can know your EMI with the help of the BOI home loan calculator. Which merits of BOI home lo...