What is a personal loan EMI Calculator - PowerPoint PPT Presentation

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What is a personal loan EMI Calculator

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When you take a personal loan, you need to pay a fixed rate of interest. The rate of interest is not fixed for every borrower. You can check it with the help of a personal loan calculator. Therefore, the eligibility of the individual borrowers decides the rate of interest of a personal loan. If you have a high credit score and a good income the rate of interest is below the average because there is no risk involved in offering you a loan. – PowerPoint PPT presentation

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Title: What is a personal loan EMI Calculator


1
What is a Personal Loan EMI Calculator
2
Always check your eligibility criteria
  • A personal loan has a fixed repayment tenure
    during which you have to pay monthly repayments
    named EMIs or Equated Monthly Instalments. A
    personal loan EMI calculator is a specialised
    tool with which you can calculate the amount of
    loan EMIs you have to pay every month.
  • A variety of key data is used to calculate these
    EMIs, such as the amount to be borrowed, the
    applicable rate of interest, and the loan tenure.

3
Benefits of Using an EMI Calculator
  • An easily accessible online tool that you can use
    24/7.
  • An easy-to-use tool that works just by entering a
    few loan details.
  • Gives all your loan and EMI related answers
    within seconds
  • Saves energy and time you would have spent on
    manual calculations.
  • Helps you know how much your loan will cost you
    per month.
  • Makes it easier for you to plan your finances.

4
How does a Personal Loan EMI Calculator Work
  • Here are the steps to calculate EMIs using
    a personal loan EMI calculator
  • Enter the loan amount you want to apply for
  • Choose the loan repayment term
  • Select the interest rate
  • As you follow these steps, the recommended plans
    are displayed on your screen. The plans display
    your EMI amount, the duration of your loan, and
    the applicable interest rate. Out of the plans
    offered, you can choose your preferred plan and
    apply for personal loan online.

5
Factors that Affect Your Loan EMIs
  • Certain factors increase or decrease the amount
    of your loan EMIs. Some of them are
  • Loan amount The higher amount of loan you take,
    the higher EMIs you will have to pay.
  • Applicable interest rate Percentage at which the
    lender charges interest on the loan.
  • Loan tenor Period during which you keep paying
    your EMIs

6
  • Apply Personal Loan in Bangalore
  • A personal loan is the best option if you need
    funds for an urgent need or a short period. It
    can be availed for any purpose. Apply for
    personal loan in Bangalore online on Clix Capital
    by just filling a few personal details.
  • A personal loan is easy to have from the various
    rising banks, NBFC, and other digital
    loan-providing agencies. Get personal loan online
    amount within 24 hours in your bank account at
    Clix.

7
Facebook
www.facebook.com/ClixCapital
Official Social Media
Instagram
www.instagram.com/clixcapital
Twitter
twitter.com/clixcapital
8
Thank You
For more information please contact
Clix Capital Services Private Limited Email
hello_at_clix.capital Mobile 18002009898
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