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       5 USES OF LOANCALCULATOR 
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A loan calculator is a tool that helps you
calculate the EMI's, monthly interest,
monthlyreducing balance, loan tenor and rate of
interest. 
The factors affecting the personal loan EMI
calculator are loan amount, interest, rateand
loan tenor. 
A loan calculator has major uses. Some of them
are as follows  Helps you plan Applicants can
accurately examine their monthlyexpenses. They
can be prepared for the future when they can
calculate their monthlyinstalments and expenses
effectively and plan their savings
accordingly. Helps you find the lowest interest
rates In the UAE, the interest rates on loans
areoffered in two variants, as flat-rate
interests and as reducing balance interest.
Apersonal loan interest calculator helps
applicants to find the lowest interest rate in
theUAE.
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Helps in comparing loans optimally You can
effortlessly calculate and compare the interest
rate invarious loans offered by different
financial institutions or banks. It helps in
finding accurate figures.Helps to estimate EMI
The most vital step while applying for a loan is
to calculate the EMI. A loancalculator helps
applicants to plan their finances more
efficiently. The personal loan EMI calculator in
theUAE provides an estimate of EMI that is
needed to be paid after obtaining the loan. The
borrower can easilycomprehend the loan amount
they can apply for. 
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Helps in the calculation of Top-up loan The
top-up facilityon a loan is offered to an
existing active loan from the sameloan provider.
Top up loans offer greater funding to
thecustomer. This involves a new pack of
calculations thatincludes new and preferential
loan rates of interest andextended loan tenor.
The complex calculation that comeswith a top-up
facility can be cut short with the help of aloan
calculator in the UAE. Personal loan
calculators are accurate and precise mostly.But
there is a slight scope of error because of the
reasonthat it takes the standard values into
account excluding realvalues. Due to this
disparity, loan seekers are recommendedto
cross-check the figures from the institutional
officerbefore proceeding with the final
application.