Know How to Simplify Loan Repayment by Using a Personal Loan EMI Calculator

Sometimes, many prospective loan applicants are eligible enough to apply for a personal loan. But they don’t do that. It is because they are unsure of an exact EMI amount that they will need to pay over the tenor. Hence, it becomes a challenge for them to carry on with proper financial planning.

But with the online tool like the online personal loan calculator available, it is possible to keep control of your loan application. It is because this online tool can help you compute the exact loan EMI and loan cost.

If you wish to know how to use the tool and simplify loan repayment, this post is for you. Read on!

Here’s how you can use the online personal loan EMI calculator

Using the personal loan EMI calculator is easy if you follow the following steps. Let’s have a look:

1. The first step includes landing on the website of your preferred loan provider and access the personal loan EMI calculator. You can open the loan calculator link from the personal loan page.
2. On the EMI loan calculator, you will need to choose your desired loan amount, the repayment tenor and the applicable personal loan interest rate.
3. Once you choose these details on the tool, it will display an exact EMI amount that you will repay per month over the tenor. The personal loan EMI calculator will also showcase the total interest amount payable, along with the entire loan cost (principal + interest). You can also use interest rate calculator

The tool is fast, error-free and gives you accurate results in real-time. Using the same can help you plan for your finances without worries.

You can start using it right away and be confident!

Bajaj Finserv offers pre-approved offers on personal loans, home loans and more. It is to simplify the processing of the loan.

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