How do I use a personal loan EMI calculator?
Posted by: TB Team
Are you thinking of applying for a Personal Loan, but are not sure about your EMIs (Equated Monthly Installments)? Then you can use a Personal Loan EMI Calculator online to calculate your EMIs for the loan that you wish to borrow. What’s best? This online tool is very simple & easy to use. All you need to do is enter the following details in the calculator:
- Loan amount
- Interest rate
- Repayment tenure
Once you enter these loan details into the calculator, it will help you determine your exact monthly installments in just a few seconds and helps you in making an informed decision.
You can alter the EMI to meet your repayment capacity. Increasing the tenure will lower your monthly installments and vice versa. You can do this by making changes in the respective fields of the Personal Loan EMI Calculator[1]. This calculator is absolutely free to use, and you can change the fields any number of times to see how the EMI varies.
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