Monday 17 November 2014

How to calculate your Personal Loan EMI's using BankBazaar Personal Loan EMI Calculator?

Bankbazaar personal loan emi calculator not only tells you how much loan you can avail but also the entire details like the monthly instalments you have to pay, the duration of the loan and the interest rate that is applicable. This means when you are availing a personal loan, you can exactly know the amount you will be getting and the EMI you will have to pay. So now you can take a personal loan without any worries and then plan accordingly with regard to your future financials.

Let us guide you through the process of using the BankBazaar personal loan emi calculator.

The basic details


You need to know the amount of money you need, the processing charges, the loan interest rate. In case you want to pay the loan back earlier, keep the repayment amount in mind as well.


Enter the basic details

Just the enter the appropriate details in the corresponding column by using the sliders provided on the website.


The EMI calculator answers


With all the details,BankBazaar Personal Loan EMI calculator gives you a complete picture of the loan repayment. You not only get the amount but also the amortization display of the loan. This means you exactly how much is going into the principal amount and in the repayment of the interest. This means you can always stay a step ahead of your loan repayment and not just keep paying blindly. For example, if you have just availed loan, then surely most of the amount is going in to the repayment of the interest. However, if by any chance you get some lump sum amount, then you can be smart by paying off the loan.



Before you enter the details of the personal loan on the EMI calculator make sure you check the personal loan eligibility. This will you give you the amount of the loan you are eligible to avail from the Bank. This is calculated based on the credit score.

Your credit score is dependent on your past financial transaction. In fact most banks and financial institutions completely depend on your credit score. So in case you are applying for a loan, make sure you have cleared any outstanding loans you have and also maintain a good bank statement.
In case you still have any problems regarding your personal loan, just check out our personal loan section. You can compare all the personal loans available from all the leading banks and choose the best one suited to your needs.

If you are still unsure on how to proceed, do not worry. Just fill in the details you have and BankBazaar will get back to you shortly and help you through availing your personal loan. Our process is very simple and we do not sell one particular personal loan or product. So you need not worry about getting the wrong loan. On the other hand BankBazaar exactly guides you the right way to apply for a loan and in the process you can ask any question regarding your personal loan and we will surely help. 

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