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| Name : | M.K. Parveen |
| Subject: | Housing loan instalments |
| Query : | Your Equated Monthly Instalments (EMI) will depend upon the rate of interest and other conditions you manage to negotiate with the lender. For example, if you can negotiate a loan at 13.5%, your EMI will be approx. Rs.7920/= for a 15 year period. But do watch out for "monthly rest" clause in your loan agreement, because it adds to the costs and EMI. |