Personal Loan EMI calculator
Personal Loan EMI calculator
To use the PL EMI calculator, you would have to provide three important details: the loan amount, the repayment tenure, and the interest rate.
The loan EMI is affected by the following factors:
Kotak Mahindra Bank’s personal loan EMI calculator is completely free of cost. It gives you the accurate EMI for the loan enabling you to make a provision for the same in your budget.
If you want to reduce the EMI of your loan, you can opt for a higher tenure. As you increase the loan term, your EMI reduces. Alternatively, you can reduce the loan amount to reduce the EMIs.
A personal loan amortization schedule is a loan repayment table. The table shows the details of how the loan is repaid and the interest paid in each installment.
It shows the outstanding loan amount at any time and gives you the details of your repayment history. You can use the loan amortization schedule to check the unpaid part of the loan whenever you want.
