[contact-form-7 id=”5601″ title=”Personal Loan EMI Calculator Form”]
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Fullerton Personal Loan EMI Calculator
Fullerton Personal Loan EMI Calculator is the best financial tool to help you out after you have decided to take a personal loan. Fullerton Personal Loan EMI Calculator assists you with the exact EMI amount which you need to pay every month against the specified loan amount, interest rate and loan tenure. Also, Fullerton Personal Loan EMI Calculator helps you to decide that particular loan amount which suits your monetary need and its repayment does not put financial burden on you.
Fullerton Personal Loan EMI Calculator online calculates the EMI within seconds by entering the few details namely- the borrowed amount, rate of interest and the tenure of the loan. Manual calculations of EMI involves a lot of time and hard work and is prone to mistakes, but Fullerton Personal Loan EMI Calculator online tool is a relief to calculate your EMI by just clicking a button.
How does Fullerton Personal Loan EMI Calculator work?
Fullerton India Personal Loan EMI Calculator India is a magical tool that makes your experience of personal loan very easy and positive. Using Fullerton Personal Loan EMI Calculator, you tend to calculate the EMI before taking the personal loan. So, if you feel that the EMI amount is kind of a burden for you to take, you can input a lower loan amount in Fullerton Personal Loan EMI Calculator. In short, Fullerton India Personal Loan EMI Calculator helps you to come down to the loan amount whose EMI does not disturb your monthly budget. Moreover, with the help of Fullerton Personal Loan EMI Calculator India, you not only get the details of your EMI payment but also the exact principal amount and the interest outgo within seconds.
The EMI calculations using Fullerton Personal Loan EMI Calculator online involves three important details- loan amount, interest rate and the loan tenure.
Fullerton Personal Loan EMI Calculator formula for EMI calculation is-
EMI= [P*r*(1+r)n]/[((1+r)n-1)]
where,
‘EMI’ is the Equated Monthly Installment
‘P’ is the Principal loan amount in Fullerton Personal Loan EMI Calculator
‘r’ is the interest rate charged on loan amount in Fullerton Personal Loan EMI Calculator
‘n’ is the loan tenure in months in Fullerton India Personal Loan EMI Calculator
With the help of Fullerton Personal Loan EMI Calculator, you can see that as the loan time progresses, the interest amount of the EMI decreases and the principal amount decreases until the EMI is paid off fully.
How to use Fullerton Personal Loan EMI Calculator?
Fullerton Personal Loan EMI Calculator in India helps you to pay off the personal loan with great ease and with no financial pressure. Calculating EMI beforehand using Fullerton Personal Loan EMI Calculator prepares you financially for the loan repayment tenure. Moreover, you can compare different combinations of loan amount, interest rate and loan tenure using Fullerton India Personal Loan EMI Calculator.
For EMI calculations using Fullerton Personal Loan EMI Calculator, you need to enter-
-
Loan Amount
With the entered loan amount in Fullerton Personal Loan EMI Calculator, this online tool calculates the EMI amount for the personal loan. With the help of Fullerton Personal Loan EMI Calculator, it is always better to opt for that loan amount which is within your repaying capacity.
-
Interest Rate
For using the Fullerton Personal Loan EMI Calculator, you need to enter the rate of interest that is charged on the loan amount. The interest rate of personal loan majorly depends on your repaying capacity and credit score.
-
Loan Tenure
The loan repayment tenure must be entered in Fullerton India Personal Loan EMI Calculator for EMI calculation. To give a better perspective, Fullerton Personal Loan EMI Calculator helps you to select the tenure properly. A shorter tenure is always better than longer tenure as you need to pay higher interest for the latter case.
Fullerton Personal Loan EMI Calculator- EMI Calculations
To make things more clear about EMI calculations using Fullerton Personal Loan EMI Calculator, here is an example, where different combinations of loan amount and loan tenure at 20% is calculated.
|
Amount of Loan |
Loan Tenure |
|||
|
|
5 Years |
4 Years |
3 Years |
2 Years |
|
Rs. 1 lakh |
Rs. 2,649.39 |
Rs.3,043.04 |
Rs.3,716.36 |
Rs. 5,090.58 |
|
Rs. 2 lakhs |
Rs. 5,299.78 |
Rs. 6,086.07 |
Rs. 7,433.72 |
Rs. 10,179.16 |
|
Rs. 3 lakhs |
Rs. 7,948.17 |
Rs. 9,129.11 |
Rs. 11,149.08 |
Rs. 15,269.74 |
|
Rs. 5 lakhs |
Rs. 13,247.94 |
Rs. 15,215.18 |
Rs. 18,582.79 |
Rs. 25,448.9 |
*Interest rates change time to time.
Advantages of Fullerton Personal Loan EMI Calculator
- Fullerton Personal Loan EMI Calculator calculates EMI amount which is accurate and correct within just a few seconds.
- Using Fullerton Personal Loan EMI Calculator, you get the break-up of EMI amount into the principal amount and the interest outgo.
- Fullerton Personal Loan EMI Calculator saves time and tedious calculation of EMI payment.
- Use of Fullerton Personal Loan EMI Calculator helps to calculate EMI at any point of time at free of cost.
- With the help of Fullerton Personal Loan EMI Calculator, you can plan your finance in a more comprehensive way.
Frequently Asked Questions
Fullerton Personal Loan EMI Calculator is a magical tool which generates correct and exact EMI amount saves a lot of time and provides a break-up of EMI amount.
You can use Fullerton Personal Loan EMI Calculator for entering different combinations of loan amount, loan tenure and the interest rate.
For EMI calculations using Fullerton Personal Loan EMI Calculator, the loan repayment tenure ranges from 1 year to 5 years.
The EMI calculations using Fullerton Personal Loan EMI Calculator formula is-
E= [P*r*(1+r)n]/[((1+r)n-1)]
where,
‘E’ is Equated Monthly Instalment
‘P’ is principal loan amount
‘r’ is interest rate
‘n’ is oan tenure in months
E= [P*r*(1+r)n]/[((1+r)n-1)]
where,
‘E’ is Equated Monthly Instalment
‘P’ is principal loan amount
‘r’ is interest rate
‘n’ is oan tenure in months
You can use Fullerton Personal Loan EMI Calculator to calculate EMI at any time whenever you need it at free of cost.
*Interest rate and Loan approval are subjected to bank discretion and approval.
