Use the interactive home loan calculator to calculate your home loan EMI. Get all details on interest payable and tenure using the housing loan calculator

1. Home Loan Emi Calculator

2. Should you invest your money or use it
to prepay home loan?

3. • If you have an outstanding home loan, and
happen to have just received an annual
bonus or any other lump sum payment,
should you use it to prepay your loan?
• Or, should you invest it to meet some other
goals? Assess the following conditions to
arrive at the right decision.

4. • Tax benefit is the next variable. If a home
loan does not seem like the sword of
Damocles hanging over your head, it makes
sense to continue with the regular EMI
schedule.
• This is because of the tax benefits that a
home loan offers. The principal component
of the Home Loan Emi Calculator is treated
as investment under Section 80C.
• The interest component is also deducted
from your taxable income under Section 24.

5. • There are some home loan products that provide an overdraft facility of
sorts and help you maintain liquidity.
• All you have to do is to park the surplus money in these products and not
bother with whether it's a prepayment or not.
• It's like prepayment with the option of taking out that money, in case you
need it in future for personal use or for investment purpose.
• Source: http://economictimes.indiatimes.com/wealth/plan/should-you-
invest-your-money-or-use-it-to-prepay-home-
loan/articleshow/52161038.cms

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