India, June 20 -- Purchasing real estate is always a big decision. There are several things that you need to know before making this decision. If you are a first-time home buyer, then chances are that you are seeking a home loan to finance your dream house. In fact, out of all the loans taken in India, housing loans take up a 14.2% share as of March 2023. If you, too, are browsing home loans, then a home loan EMI calculator can be quite useful. Using it properly can help you plan your home loan repayments smartly.

It is a free-to-use online calculator that helps you calculate your Equated Monthly Instalments (EMIs) for a home loan. The way this calculator works is that you have to fill in certain details, such as:

After entering these d...