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Calculators FAQs

Our calculators provide instant results, while our FAQs offer expert guidance. Get quick calculations and in-depth explanations to empower your financial future.

How can I calculate tax benefits for joint home loans?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
The process for calculating tax benefits is essentially the same for joint home loans as it is for individual home loans.
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Can I use the secured business loan EMI calculator for variable interest rates?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
No, most secured business loan EMI calculators do not accurately support variable interest rates.
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What documents are needed to apply for a machinery loan?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
When applying for a machinery loan, being prepared with the necessary documents will help ensure a smooth application process.
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Is a secured business loan EMI calculator accurate for all types of loans?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
A secured business loan EMI calculator is not accurate for all types of loans
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What is the eligibility for a secured business loan?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Secured business loans are typically granted to businesses that can provide collateral, such as property, machinery, or inventory.
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What credit score is needed to qualify for a machinery loan?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
The minimum credit score needed for a machinery loan can vary by financial institution, but you will typically need a score of at least 650* to qualify.
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How is home loan tax benefit calculated?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
A home loan tax saving calculator works by comparing tax liability with and without home loan deductions.
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