Set to a personal loan already. Enter the amount, rate and tenure.
Personal loans are unsecured, so their rates are higher, often 10.5% to 24% a year. On ₹5 lakh at 12% for 3 years the EMI is ₹16,607 and the interest about ₹97,900.
Personal loans are unsecured, so their rates are higher, often 10.5% to 24% a year. On ₹5 lakh at 12% for 3 years the EMI is ₹16,607 and the interest about ₹97,900.
When you compare offers, look at the processing fee as well as the rate: a 2% fee on ₹5 lakh is ₹10,000 taken at the start. Keep the EMIs of all your loans under about 40 to 50% of your take-home pay.
Also searched as: personal loan emi calculator, personal loan calculator, personal loan interest calculator, personal loan emi, emi calculator personal loan.
At 12% for 2 years it is about ₹9,415 a month; for 3 years about ₹6,643.
A credit score above 750, a stable job with a large employer and an existing relationship with the bank usually bring the best offers.
Only if you need the lower EMI. A longer tenure means paying interest for longer, so the total cost rises.
Yes, it is free, with no sign-up. Everything is worked out inside your browser, so nothing you type is sent to a server.