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Buying a home is one of the biggest financial decisions in life — and often requires taking a home loan . Whether you're a first-time buyer or planning to invest in property, understanding your Home Loan EMI (Equated Monthly Installment) is crucial for effective budgeting and planning.    IMAGE SOURCE      INTERNET  In this comprehensive guide, you’ll learn: What is Home Loan EMI? How is EMI calculated? (Formula + Example) How to use an EMI calculator Common mistakes to avoid Ways to reduce your EMI FAQs about home loan EMIs A comparison table of EMIs at different loan amounts 📌 What is Home Loan EMI? EMI (Equated Monthly Installment) is the fixed monthly amount you pay to your bank or lender to repay the borrowed loan. Each EMI payment covers: A portion of the principal amount A portion of the interest This continues every month until your entire loan is repaid over the chosen tenure . 🔄 How EMI Changes Over Time ...