What are the factors that affect Federal Bank Housing Loan EMI
Three major factors affect EMI. 1. Principal Amount: The larger the principal value, the higher, will be the EMI value. 2. Rate of Interest: It is the rate at which a bank offers you the loan. It directly affects your EMI value. 3. Tenure: The duration within which you need to repay the loan. The tenure inversely affects your EMI value.