• About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Friday, August 19, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

    This was the reason for Rakesh Jhunjhunwala's untimely demise

    This was the reason for Rakesh Jhunjhunwala’s untimely demise

    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

    This was the reason for Rakesh Jhunjhunwala's untimely demise

    This was the reason for Rakesh Jhunjhunwala’s untimely demise

    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home Blog

Understanding How PNB Home Loan Calculators are Essential for Home Buyers

Anurag Tiwari by Anurag Tiwari
May 31, 2022
in Blog
Understanding How PNB Home Loan Calculators are Essential for Home Buyers
Share on FacebookShare on Twitter

Understanding How PNB Home Loan Calculators are Essential for Home Buyers

Despite the introduction of highly profitable yet volatile equity instruments, real estate remains one of the most sought-after and lucrative investment areas. Housing is more of a necessity than a luxury and every individual needs access to this primary requirement. Unfortunately, it is impossible to pool sufficient resources from your existing income influx to buy a house in this day and age. Due to this, a home loan is always the safest and the most convenient way to receive funds for your dream house.

Approval of a PNB housing loan depends on many factors such as the borrower’s age, credit score, employment status, source of income, and submission of stated documents. However, before you start applying for a home loan, knowing which lending institution’s scheme suits your needs is important. It is also important to chalk out an error-free financial plan, hunt for the most affordable interest rate, and clear previous debts.

A home loan EMI calculator is the perfect tool to extinguish any inhibitions that you may have about home loans. By inserting figures such as loan amount, tenure, and rate of interest, you can know your precise EMI. With the PNB EMI calculator, it is now easier than ever to compute monthly home loan installments.

Receiving a sizeable loan to create a lovely abode for you and your dear ones can seem like an overwhelming process. Understanding the benefits of a home loan EMI calculator is one of the first steps toward ensuring a smooth credit arrangement:

Accuracy

Precision is key to managing personal finances. An accurate record of monetary transactions helps in making coherent economic decisions. A high-profile loan such as a home loan can drain you financially if you don’t have a sound plan in place to manage your EMIs and other commitments. A home loan EMI calculator is the best tool to calculate your EMI figure. Knowing in advance the exact percentage of your income dedicated to clearing your debt is truly beneficial.

Managing Personal Finances

Buying or redecorating a house is an expensive affair. However, if your EMIs take up the lion’s share of your salary, it can become difficult to lead a comfortable lifestyle. Before you sign a loan agreement, you must ensure that you have enough capital in your bank account to fulfill your basic needs. By inserting a new home loan interest rate on the EMI calculator, you can adjust your loan amount to a more convenient and affordable value.

Comparing Lenders

The rate of interest offered by every bank and Non-Banking Finance Company (NBFC) is different. Manually calculating the EMI for every interest rate can be exhausting and complicated. Here’s where EMI calculators come to your rescue. You can easily compare the offers made by various finance establishments and choose the figure that best complements your needs. You can compare competitive interest rates using the PNB Home Loan EMI Calculator.

Tentative Property Value

It is crucial to match your loan amount with the budget of your house. Real Estate is an exorbitant investment avenue. Costlier properties are always alluring to new home buyers. Nevertheless, you must stick to your budget and avoid any extravagance. By computing your EMIs beforehand, you can change your desired property value accordingly.

Flexible Calculations

The best feature of a home loan EMI calculator is that you can adjust the figures to design the best pecuniary plan for yourself. You can choose the most affordable repayment schedule by increasing or decreasing the values for loan tenure, interest rate, and loan amount.

Loan Tenure

Understanding how the loan term affects your EMIs is crucial to mapping out a cost-effective blueprint for your debt repayment. Longer tenures attract higher interest rates. Hence, you must be very careful while selecting the repayment period for your home loan. Buying or developing a property requires a loan worth lakhs of rupees. Clearing off such a heavy debt takes a couple of decades. To be capable of fulfilling your other commitments, you must select the most convenient loan tenure.

Conclusion

Clearing a home loan is a huge responsibility. In the absence of smart money management skills, you can suffer from a serious cash crunch. An online EMI calculator is the most secure and trustworthy method to understand the dynamics of your home loan. Every time you enter a new home loan interest rate on the calculator, you obtain quick and accurate results, thus putting your financial anxieties to rest.
Must Read:-

  • Top 10 Young Entrepreneurs in India 2022
  • Upcoming Indian Web Series for 2022-23
  • Top 10 Hospitals in India 2022
  • Top 10 richest player of the world 2021
  • Top 10 highest-paid Indian Athletes 2021
  • Top 10 highest paid CEO in the World
  • Top 10 richest person of India
  • Top 10 Highest Paid CEOs of India
  • List Of Most Followed Facebook Pages in 2022
  • The Success Story of Jeff Bezos
  • Success Story Of Elon Musk
  • Top 10 Business Magazine In India
  • Top 10 Business Newspaper In India
  • Top 10 richest billionaires in the world 2021
  • Upcoming English Web Series in 2021
  • Top 10 Tourist Places in India, places to visit after lockdown

 

Previous Post

GETRAISE GROUP

Next Post

AJAY MALIK

Related Posts

Carlos Slim Helu
Blog

Carlos Slim Helu

by Anurag Tiwari
August 18, 2022
0

Carlos Slim Helu A Passion that Made Him One of the Richest on the Planet Carlos Slim Helu is counted...

It is a known fact that Laughter is the best medicine, but are you aware of how laughter can affect your well being, your work environment and overall improve the quality of work output as an individual or as a group.
Blog

Laughter – The best medicine

by Anurag Tiwari
August 18, 2022
0

Laughter - The best medicine It is a known fact that Laughter is the best medicine, but are you aware...

Will China-Taiwan Tensions Following Pelosi's Visit Have an Impact on India?

Will China-Taiwan Tensions Following Pelosi’s Visit Have an Impact on India?

August 17, 2022
10 important things to know before buying a car

10 important things to know before buying a car

August 16, 2022
How to Develop an Attractive Personality (According to Science) 

How to Develop an Attractive Personality (According to Science) 

August 16, 2022
Top 10 Interior Design Trends to Watch Out In 2022-23

Top 10 Interior Design Trends to Watch Out In 2022-23

August 16, 2022
Next Post
AJAY MALIK

AJAY MALIK

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

August 18, 2022
Dilip Shanghvi

Dilip Shanghvi

August 18, 2022
Carlos Slim Helu

Carlos Slim Helu

August 18, 2022
It is a known fact that Laughter is the best medicine, but are you aware of how laughter can affect your well being, your work environment and overall improve the quality of work output as an individual or as a group.

Laughter – The best medicine

August 18, 2022

Recent News

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

August 18, 2022
Dilip Shanghvi

Dilip Shanghvi

August 18, 2022
Carlos Slim Helu

Carlos Slim Helu

August 18, 2022
It is a known fact that Laughter is the best medicine, but are you aware of how laughter can affect your well being, your work environment and overall improve the quality of work output as an individual or as a group.

Laughter – The best medicine

August 18, 2022

Recommended

SECEON INC_Business Connect Magazine

SECEON INC

April 29, 2020
NEEV BUILDTECH

NEEV BUILDTECH

December 24, 2021

Most Popular

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more
News

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

August 18, 2022
Dilip Shanghvi
Success Stories

Dilip Shanghvi

August 18, 2022
Carlos Slim Helu
Blog

Carlos Slim Helu

August 18, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 807, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail:

  • abhishek@businessconnectindia.in
  •  events@businessconnectindia.in
  •  info@businessconnectindia.in

Recent News

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

August 18, 2022
Dilip Shanghvi

Dilip Shanghvi

August 18, 2022
Carlos Slim Helu

Carlos Slim Helu

August 18, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India