How to use a Personal Loan Amortization Calculator?
To get an idea on the kind of EMI commitments you will be liable for every month, follow the simple steps below to find your EMI plan:
- Choose the loan amount you are seeking. With Fullerton India, you can apply for a loan for up to 25 lakhs.
- Next, select the repayment period which can be up to 5 years or 60 months.
- Finally, select the interest rate you wish to visualize.
Benefits of using a Personal Loan Amortization Calculator
The benefits of personal loan amortization calculator are:
- It's intuitive, smart, and most importantly free to use. It can be used as many times as you require. And being online, it can be accessed from any device, from anywhere in the world as long as you have access to a working internet connection.
- Manual calculations leave room for human error. But with the use of technology, this tool allows you to eliminate that error and generates an error-free experience no matter how many times you use it.
- It’s realistic. This tool allows you to have an accurate understanding of what an EMI looks like realistically.
- Helps you plan your monthly budget well in advance.
Summary
Simply put, the personal loan eligibility calculator tool is an intuitive, smart and a free of charge tool offered by Fullerton India that helps you understand better how your EMIs would like in the future. It helps you through one of the most important stages of the loan application process which involves planning your future financial liabilities.
