How to Use Personal Loan EMI Calculator?
The Personal Loan EMI Calculator uses information like the amount of personal loan you wish to borrow, the rate of interest, and the tenure of the repayment of the personal loan you wish to borrow, to calculate the EMI. The personal loan EMI Calculator indicates the accurate sum that you must pay on a monthly basis in order to repay the loan over the mutually agreed period of time.
The following steps point out how to calculate the EMI with the help of a Personal Loan EMI Calculator.
- Select the amount of personal loan that you intend to borrow (Min INR 50,000 – Max INR 20,00,000)
- Select the rate of interest that you are looking for availing the personal loan.
- Select the term period of repayment or the tenure of the said personal loan (between 12 to 60 months)
- The EMI that has to be paid by the borrower appears on the EMI Calculator