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The Economic Times
The Economic Times

Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understand

India Mathematics Bajaj Finance RBI TIL

Understanding EMIs, reducing balance interest, amortisation, prepayments and repo rate changes can help you lower the total borrowing cost of your home loan. It can also help you decide whether surplus funds are better used to prepay or invest.

Bajaj Finance Home Loan offers rates from 7.25% p.a., loan amounts up to Rs. 15 crore, and tenures up to 32 years. Before applying, use the home loan EMI calculator to estimate instalments and compare tenures.

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