Personal loans: Why are EMI calculators critical for the first-time borrowers?
2 weeks, 6 days ago

Personal loans: Why are EMI calculators critical for the first-time borrowers?

Live Mint  

Personal loans can be a panacea for a number of financial crises. The first-time borrowers are recommended to use a personal loan EMI calculator to streamline their money plan and act accordingly. Those who are not aware, a personal loan EMI calculator is a tool that helps borrowers to calculate the exact EMI after they enter three determinants of EMI which are loan amount, interest rate and tenure. Three determinants of EMI calculator: a) Tenure: This is the time period in which you intend to pay the loan. Tenure: 36 months Loan Amount: ₹10 lakh ROI: 12 percent The EMI calculator will use these inputs to share the result as ₹33,214.

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Personal loan: How can you reduce the tenure using an EMI calculator?
1 week, 3 days ago

Personal loan: How can you reduce the tenure using an EMI calculator?

Live Mint  

If you are planning to raise a personal loan, you must have already decided the amount that you need. For this, it is recommended to use a personal loan EMI calculator. Let us understand this with the aid of an illustration Personal loan of ₹ 10 lakh Suppose you want to borrow ₹10 lakh, and the loan is available at …

Loan portability: What is the role played by a personal loan EMI calculator?
2 weeks, 1 day ago

Loan portability: What is the role played by a personal loan EMI calculator?

Live Mint  

Do you have an offer to port your current personal loan from one bank to another? Let us suppose you have raised ₹5 lakh loan at 11 percent interest per annum. You can use a personal loan EMI calculator to carry out this calculation. Current interest 11 per cent Particulars Details Time left 32 months Loan outstanding ₹ 4.5 lakh …

Personal loan: This EMI calculator will help you calculate payments across tenures — a look at different scenarios
Trending News
2 weeks, 3 days ago

Personal loan: This EMI calculator will help you calculate payments across tenures — a look at different scenarios

Live Mint  

If you are planning to raise a personal loan, you may use a personal loan EMI calculator to ascertain the exact EMI you stand to pay across different interest rates. Scenario I: You take a ₹10 lakh loan for 10 per cent interest and plan to repay it in five years. Scenario II: You take a ₹10 lakh loan for …

Personal Loan: Is moratorium a boon or a bane? Find out how it affects your EMI and interest payments
2 weeks, 6 days ago

Personal Loan: Is moratorium a boon or a bane? Find out how it affects your EMI and interest payments

Live Mint  

Borrowers who find it difficult to repay personal loans can explore the prospect of a moratorium, a temporary period during which they are not supposed to make any payment. It is noteworthy that the moratorium affects loan repayment since interest keeps accruing, following which one has to pay the combined interest, thus pushing the EMIs upward. Increase in EMI amount: …

Personal loan: How to interpret the results of EMI calculator for smart decisions?
3 weeks, 1 day ago

Personal loan: How to interpret the results of EMI calculator for smart decisions?

Live Mint  

If you are planning to take a personal loan and still not sure about the optimum tenure and the EMI that you should opt for – it is recommended to fiddle with the personal loan EMI calculator. Using EMI calculator Suppose you plan to take a ₹10 lakh loan which is being offered at 11 percent interest. Amount and interest …

How to calculate EMI for instant personal loans? A step-by-step guide
3 weeks, 6 days ago

How to calculate EMI for instant personal loans? A step-by-step guide

Live Mint  

Instant personal loans are a popular choice for people looking for instant cash to cover their expenses. What is an instant personal loan EMI calculator An instant personal loan EMI calculator is an online tool which helps you calculate your EMIs accurately and quickly. Since the loan tenures provided in instant personal loans is shorter as compared to other loans, …

Personal loans: Use EMI calculator to check monthly instalments across time durations
1 month, 1 week ago

Personal loans: Use EMI calculator to check monthly instalments across time durations

Live Mint  

When you raise a personal loan, the first thing you want to do is to find out your equated monthly instalment or EMI. An EMI calculator ascertains the monthly instalment on the basis of interest rate and loan duration. Year EMI 1 44,424 2 23,536 3 16,607 4 13,166 5 11,122 The loan tenure can be anywhere between one and …

Personal Loan: 5 key determinants of repayment tenure you need to know
1 month, 1 week ago

Personal Loan: 5 key determinants of repayment tenure you need to know

Live Mint  

If you are planning to raise a personal loan then one of your key concerns could be to determine how easily and comfortably you can repay the same. Expectation of future receipts: If you have borrowed money as a personal loan with a hope of receiving some income from another source in near future then it is recommended to repay …

Personal loan: How a slight increase in interest rates can raise your EMI
1 month, 2 weeks ago

Personal loan: How a slight increase in interest rates can raise your EMI

Live Mint  

If you have been scouting for a personal loan and have already received a few offers from different banks, it is recommended that you compare the impact of the difference in interest rates on your EMIs. Scenario I: When the interest rate is 11 percent, the loan EMI on ₹10 lakh loan will be ₹21,742, thus taking the overall cash …

Personal loan: EMI calculator can help you find the right instalment that fits your budget; here’s how
1 month, 2 weeks ago

Personal loan: EMI calculator can help you find the right instalment that fits your budget; here’s how

Live Mint  

If you have recently taken a personal loan at a fixed rate of interest, you must find out the instalment that you need to pay every month. It's recommended to use a personal loan EMI calculator to determine the exact monthly payment. For those who are unaware, a personal loan EMI hinges on two key factors: rate of interest and …

Personal Loan: Want to raise ₹10 lakh? EMI to fluctuate with these two factors; check calculator here
1 month, 2 weeks ago

Personal Loan: Want to raise ₹10 lakh? EMI to fluctuate with these two factors; check calculator here

Live Mint  

If you are planning to raise a personal loan for any amount then remember that your equated monthly instalment is contingent on two factors i.e., time duration and rate of interest. Among these two factors, amount of EMI is directly proportional to the rate of interest that the bank charges, and inversely proportional to the tenure of loan. For example, …

Personal Loan EMI Calculator: A Comprehensive Guide to Planning Your Dream Vacation
2 months, 1 week ago

Personal Loan EMI Calculator: A Comprehensive Guide to Planning Your Dream Vacation

The Hindu  

A personal loan EMI calculator is a helpful online tool that helps you estimate your EMI payments and determine the ideal loan amount, tenure, and EMI plan that fits your budget. By considering factors like loan amount, interest rates, and tenure, you can find the best loan option to fund your dream vacation.

Personal Loan EMI Calculator: Estimate Your Monthly Repayments
3 months, 1 week ago

Personal Loan EMI Calculator: Estimate Your Monthly Repayments

Hindustan Times  

This article provides an overview of personal loan EMI calculators and how they can help borrowers estimate their monthly repayments. It explains the concept of personal loans, personal loan EMI calculators, and how they work. The article highlights the benefits of using a personal loan EMI calculator, including simplicity, accessibility, and accuracy. It also provides a step-by-step explanation of how …

Simplify Home Loan Repayments with an EMI Calculator
4 months, 2 weeks ago

Simplify Home Loan Repayments with an EMI Calculator

Hindustan Times  

Imagine this: You have finally found your dream home, and the excitement of owning a place you can call your own is palpable. The home loans offered by Bajaj Housing Finance are designed to cater to a wide range of financial needs, providing competitive interest rates and a long repayment tenure to suit different budgets. Additionally, Bajaj Housing Finance Home …

Why is an EMI Calculator Important When Getting a Personal Loan?
5 months ago

Why is an EMI Calculator Important When Getting a Personal Loan?

Hindustan Times  

Personal loans offer fast and flexible financial solutions, but understanding their financial implications—such as equated monthly instalments and total interest—can be difficult. Importance of EMI Calculator while taking loan Understanding an EMI Calculator An EMI calculator is a financial tool that helps borrowers estimate the monthly instalments they will need to pay over the loan tenure. Here are the benefits …

Know How to Calculate Home Loan EMI and Navigate Interest Rates
7 months, 3 weeks ago

Know How to Calculate Home Loan EMI and Navigate Interest Rates

Hindustan Times  

Buying a home is often the most significant financial decision many people make in their lifetime. When it comes to home loans, it's crucial to understand how EMI calculations and interest rates impact your financial obligations. Understanding Home Loan EMI Calculation EMI is the fixed monthly payment a borrower makes to the lender to repay the loan amount along with …

Personal Loan Reasons: Debt consolidation, education and more - 8 top purposes it serves
9 months, 1 week ago

Personal Loan Reasons: Debt consolidation, education and more - 8 top purposes it serves

Live Mint  

Personal Loan Reasons: Personal loans are frequently easier and faster to acquire. Home improvement : Personal loans offer a means to fund home renovations, repairs, or upgrades that might not meet the criteria for a home equity loan or line of credit. : Personal loans offer a means to fund home renovations, repairs, or upgrades that might not meet the …

Determine The Interest Payable On A Personal Loan With An EMI Calculator
1 year ago

Determine The Interest Payable On A Personal Loan With An EMI Calculator

ABP News  

A personal loan is a versatile lending solution that allows borrowers to cover a variety of financial expenses. Here are the key benefits of using an EMI calculator: Accurate loan planning: Gain a precise understanding of the total cost of borrowing by using a personal loan EMI calculator. A personal loan EMI calculator simplifies the process, enabling borrowers to choose …

Know Your Borrowing Capacity With a Personal Loan Eligibility Calculator
1 year, 2 months ago

Know Your Borrowing Capacity With a Personal Loan Eligibility Calculator

The Quint  

In today's fast-paced world, financial needs can arise at any moment. Input Details: To use a personal loan eligibility calculator, you need to input certain key details such as your income, age, employment type, existing loans, and desired loan tenure. Step 2: Locate the Eligibility Calculator Look for the "Personal Loan Eligibility Calculator" or a similar tool on the lender's …

Home Loan EMI: Reduce Burden Of Rising Interest Rates With 5 Easy Ways
1 year, 10 months ago

Home Loan EMI: Reduce Burden Of Rising Interest Rates With 5 Easy Ways

News 18  

Home Loan EMI stands for Equated Monthly Instalment, which is an amount that a borrower pays to the lender each month towards repayment of their home loan. Now, amid these circumstances a loan borrower seeks to minimise the cost of a home loan amid increasing interest rates, to balance the budget of his/her house. Gaurav Mohta, chief marketing officer, HomeFirst, …

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