|
Use this module to get a quick calculation of the EMI (Equal Monthly Installment) you will have to pay on a loan from any company. You will be able to tell what the Remaining Loan amount is at the end of any year. This will help you decide whether he is in a position to prepay the outstanding loan all in one go! Remember that EMI payments each month
goes partly to repay the loan and partly as an interest cost on the loan
amount outstanding. This module will also help you check the total interest
amount that you will be repaying each year. When you file your tax returns,
use this amount to claim your tax breaks.
|
