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Home Loan Interest calculation Querry

Hi

I am planning for home loan to buy a property. We have identified the property and made the 20% down payment. We purchased the property under pre-launch offer.  My queries are as below

1. I need to pay 2.5L once in two months. I need pay like this till 2.5 years.  I am planning for home loan and wants to start the EMI immediatly. Please let me know how the interest rate is calculated on homeloan and what is the benifits

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