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FREE CREDIT SCORE
BEST INTEREST RATES
FREE CREDIT SCORE
BEST INTEREST RATES
Loan EMI ₹
Total Interest ₹
Total Amount Payable ₹
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Top 10 Banks with best interest rates :
| Sr no. | Bank Name | ROI | Amount Range | Processing fee |
|---|---|---|---|---|
| 1 | HDFC | 10.50 % Onwards | Up to 40 Lakhs | 1.50% |
| 2 | Axis | 11.25 % Onwards | Up to 15 Lakhs | 1 % |
| 3 | YES Bank | 11 % Onwards | Up to 40 Lakhs | 2.5 % |
| 4 | ICICI | 10.85 % Onwards | Up to 30 Lakhs | 2 % |
| 5 | Kotak Mahindra | 10.99 % Onwards | Up to 20 Lakhs | 1 % |
| 6 | IDFC First Bank | 10.5 % Onwards | Up to 20 Lakhs | 2.25% |
| 7 | Indusind bank | 10.49 % Onwards | Up to 5 Lakhs | 3% |
| 8 | Tata Capital | 10.99 % Onwards | Up to 35 Lakhs | 4% |
| 9 | SBI | 11.35 % Onwards | Up to 30 Lakhs | 1.5 % |
| 10 | Standard Chartered | 10.6 % Onwards | Up to 20 Lakhs | 2.25 % |
Personal Loan EMI Calculator
Our Personal Loan EMI Calculator is a powerful tool designed to simplify the calculating process of your monthly instalments for a personal loan. By entering details like loan amount, tenure, and interest rate, you can easily determine the EMI that fits your budget. This tool helps you understand your financial commitment upfront, ensuring you can plan your repayments without any surprises.
Advantages of a Personal Loan EMI Calculator:
Using a Personal Loan EMI Calculator offers several key advantages for businesses:
Advantages of Personal Loan
How can I get a sanction for a Personal Loan?
Getting a sanction for a personal loan requires meeting certain eligibility criteria set by lenders. Typically, the process involves the following steps:
A personal loan is a type of unsecured loan provided by banks or financial institutions, which doesn’t require collateral. It can be used for any personal purpose like debt consolidation, medical emergencies, education, or home improvements. Borrowers are required to repay the loan amount in fixed monthly instalments, usually over a period ranging from 1 to 5 years.
To reduce your personal loan EMIs, consider the following options:
Increase Loan Tenure: Opt for a longer repayment period to reduce the monthly instalment, though this might increase the overall interest paid.
Prepay or Partially Pay: Make lump sum prepayments or partial payments to reduce the outstanding balance and lower future EMIs.
Negotiate with Lender: Discuss with your lender for a revised interest rate or to restructure your loan to suit your financial situation.
No, the Personal Loan EMI Calculator is completely free to use. You can calculate your EMIs as many times as needed without any charges. It’s designed to help you make informed financial decisions.
To secure a personal loan with low interest rates, consider these tips:
The maximum amount you can borrow through a personal loan depends on various factors such as income, credit score, and the lender’s policies. Generally, personal loans can range from ₹50,000 to ₹20 lakhs or more. However, lenders may offer higher loan amounts to individuals with a strong financial profile and a good credit history.
Using a Personal loan EMI calculator before applying is essential because it helps you understand the monthly financial commitment involved. It allows you to assess multiple factors whether the loan is affordable based on your salary, expenses and lets you explore various loan scenarios (loan amount, tenure, interest rates) to find the best fit. By using our calculator, you can make well-informed decisions, avoid surprises, and effectively plan your finances.
