SlideShare a Scribd company logo
1 of 8
 Provide security for your loan
 Compare interest rates
 Compare fixed VS floating rates
 Keep an eye on fees
 Check for discounts
While calculating personal loan EMI calculator you
must keep few things in mind.
◦ Loan Amount
◦ Interest Rate
◦ Term in Months
 EMI Calculator is easy to use and quick to perform.
 Using EMI calculator you can get a quick quote on
your EMI’s.
Select Loan Amount
Select Rate of Interest
Select Tenure (in months)
Click on submit button to calculate EMI
 Along with your EMI you also get results like
◦ Total amount with interest.
◦ Flat interest rate PA / PM.
◦ Total interest amount.
◦ Yearly interest amount.
 It is always recommended to compare EMI’s with
the same tenure.
 Things to check when you use EMI calculator
◦ Check your reimbursement power (EMI)
◦ Check other company rate of interest
◦ Tenure
◦ Loan Disbursal Time
◦ Processing Fee, Administrative Charges & Pre-Payment
Charges
◦ Insurance Facility
References:
1. www.blogs.siliconindia.com
2. www.emicalculator.net
3. www.ncalculators.com
4. www.axisbank.com

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Managing personal loan using emi calculator

  • 1.
  • 2.  Provide security for your loan  Compare interest rates  Compare fixed VS floating rates  Keep an eye on fees  Check for discounts
  • 3. While calculating personal loan EMI calculator you must keep few things in mind. ◦ Loan Amount ◦ Interest Rate ◦ Term in Months
  • 4.  EMI Calculator is easy to use and quick to perform.  Using EMI calculator you can get a quick quote on your EMI’s. Select Loan Amount Select Rate of Interest Select Tenure (in months) Click on submit button to calculate EMI
  • 5.  Along with your EMI you also get results like ◦ Total amount with interest. ◦ Flat interest rate PA / PM. ◦ Total interest amount. ◦ Yearly interest amount.
  • 6.
  • 7.  It is always recommended to compare EMI’s with the same tenure.  Things to check when you use EMI calculator ◦ Check your reimbursement power (EMI) ◦ Check other company rate of interest ◦ Tenure ◦ Loan Disbursal Time ◦ Processing Fee, Administrative Charges & Pre-Payment Charges ◦ Insurance Facility