What is the advantage of knowing the EMI in advance?

Knowing the EMI in advance helps you to plan out your repayment in a better way. Since you are aware of how much you will be approximately paying each month, you can budget your monthly finances accordingly. The knowledge of how much EMI each type of loan will incur also helps you to choose the home loan most suitable for you. Therefore, if you are planning to buy a home loan, it is very beneficial to use a housing loan EMI calculator.