How much EMI do you have to pay?

The rising rate of interest has been a cause of concern for borrowers. Since April, 2010, the Reserve Bank of India has hiked key policy rates by 250 basis points. Banks and housing finance companies too have transmitted such rate hikes to their customers.

So, how much do you have to pay out on your monthly equated installments (EMIs)?

Given below is a table indicating the sensitivity of EMI payments to various interest rate and tenure assumptions -

Table: Sensitivity of monthly payments to interest rate and tenures

Tenure (in months)

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