Avail Personal Loan Using a Personal Loan Calculator

Modern-day innovations in the field of finance have helped more people to enroll for a personal loan.

Still, many people don’t apply for it as they are unaware of an amount that they will get, along with the exact loan EMI amount.

But with the facility of the personal loan calculator like the EMI calculator and eligibility calculator is available.

Let’s know how using personal loan EMI calculators can help you get closer to a personal loan easily! Read on!

Here’s how you can use personal loan calculators for EMI and eligibility

1. To calculate the loan eligibility, you can land on a lender’s website and open the personal loan calculator for eligibility.
2. You will need to enter your city of residence, date of birth, monthly expenses and monthly income on the tool.
3. Once done, the tool will showcase an amount that you will be eligible for.
4. To calculate the precise EMI amount, you will need to access a personal loan calculator for EMI on a lender’s website.
5. On the tool, you will need to choose your desired loan amount, tenor and the applicable rate of interest.
6. Once done, the personal loan calculator for EMI will display an exact amount that you will need to repay as the EMI over the tenor.

If you are able to use personal loan calculators for EMI and eligibility, it can help you get approval for personal loans from NBFCs and leading banks. Depending on your eligibility, you can get up to Rs.25 lakh from top-notch lenders in India. You can use the loan amount for anything as per your needs and without usage restrictions. You can apply for a loan on a lender’s website and stay safe from the COVID-19 pandemic.

Bajaj Finserv is here present pre-approved deals on personal loans, home loans, business loans and more. It is to make the processing of the loan simpler and faster.

You can check out your pre-approved loan offers today after sharing your basic details like your name and mobile number.

Must Read: Know How You Can Avail Personal Loan By Using Personal Loan Calculator