answersLogoWhite

0


Best Answer

Yes, a home loan calculator offers accurate information about eligibility of loan. Infact the amount is calculated after taking details like finance amount, monthly deduction, monthly income and more so the result is precise.

User Avatar

Wiki User

7y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does the home loan calculator give the exact amount of loan a person can get from a bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a bank rate calculator used for?

A bank rate is the rate of interest that is charged or paid by a bank on a balance of debt or credit. A bank rate calculator allows an individual to enter an amount and a bank rate, and see the impact of that rate against the balance.


How does a Home loan Calculator assist?

A home loan calculator gives you the amount that you can be loaned out by the bank based on the tenor, finance amount and the rate of interest. This will help you plan your finances.


Where can one check online the UK bank fees?

Bank fees can be checked online on the website of the bank that you bank with as they will have the exact amount you have to pay as bank fees do vary from bank to bank.


How does one use a bank loan calculator?

A bank loan calculator decides how much the bank can borrow a person for a selected period of time. The loan calculators also sum up how long it will take one to pay off the total debt with interest. To use a bank loan calculator, go to the bank website, select the type of loan, enter the duration of the loan and the results will be displayed on screen.


How do you use a mortgage calculator to figure your necessary down payment?

A mortgage calculator will allow you to put in the amount that you wish to borrow from the bank along with the interest. It will then tell you the monthly payment. The monthly payment will adjust as you increase or decrease the amount of the down payment.


What are some locations where a person can find a calculator to determine the likely rates for their RV loan?

There are many places a person can find a calculator to determine rates for a RV loan. The simplest place to find one is by visiting a local bank. However they can also be found online at sites such as Bank of America.


Why should a bank reconciliation be prepared periodically?

A bank reconciliation should be prepared periodically. This helps you keep up with the exact amount in your account and with any fees the bank is charging.


Where can you find a calculator for auto loans online?

This online loan calculator works to calculate your monthly payments on new and used car, truck, boat & personal loans. You should probably contact your bank and they can give you an exact estimate.


How does one use a car depreciation calculator?

A person can use a car depreciation calculator by checking the following sources: What Car, Free Online Calculator Use, Edmunds, Bank Rate, Cars Direct, to name a few.


What information is needed when using a loan repayment calculator?

The amount is key as well as the amount of time and other things including the specific terms of the deal that you have with the bank in this particular situation


Where to buy a calculator for auto loans?

You do not need to actually purchase a calculator for auto loans. Most often the dealership you are buying the vehicle from, or the bank you are getting the loan from, will have an auto loan calculator. The calculator will tell you the amount your payment will be for the duration of your auto loan. These can also be found online and are usually free.


Is the Royal Bank loan calculator easy to use?

The Royal Bank calculator is very easy to use, as long as you have the necessary figures prepared. You simply punch in the figures and the Royal Bank calculator does the rest of the work for you.