Following are certain mandatory details you are required to provide in order to ascertain the amount of the EMI so as to repay your Indian Bank home loan:
Principal Amount - The principal amount is the amount of home loan being seeked by the individual. The individual can choose the home loan amount according to his requirement and his capacity to avail and repay the loan thereafter.
Loan Tenure - This is a mandatory section where the home loan applicant is required to fill in the number of months as part of the duration for which he wants to avail the home loan.
Rate Of Interest(Per Annum) - The home loan seeker has to opt for a suitable home loan interest scheme be it at floating rate of interest or fixed interest rate in order to repay for the home loan so borrowed. The loan applicant has to enter the selected interest rate scheme in this particular column.
Details to be filled in the Indian Bank Home Loan EMI Calculator