Welcome to the page of financial calculators, that you calculate true rate of interest, or EMI amount, or tenure of loan in months or years, with or without a down payment.
Here, check whether the bank who is offering you a said interest rate is true or not, how much your interest varies with changing the duration of the loan, change in EMI or change in interest rates. To keep things simple, just browse down the page and find different simple calculators, and use the ones you need. Try with different values to understand the loan or EMI (repayment instalment) burden you will have. If more than one value in unknown to you, then try some trial and error inputs to arrive at the unknown values.
Remember to bookmark this page (press Ctrl + D to bookmark this page), so that you always find the calculators ready at your hand.
Find personal loan with tenure of your loan, EMI and amount of loan.
As soon as you approach for loans from any financial organization, they will provide you with their ongoing quotation or offer, which will claim to have certain interest rates and EMI, for a loan. You can put those figures in the calculator, and check, if the rates are genuine.
When you have more than one offer from different financial institutes, it may be difficult to tell which one is a better offer, owing to the difference in numbers. Here too, these financial and loan calculators will come handy, as you can type in the amounts, and find out the basics of the offers.
Calculation of Down payment: frequently, when going for a mortgage loan, car loan or a home loan, you have limited money to make a down payment. You can calculate how much loan you will get or the duration, by inputting the maximum down payment you can make, and maximum EMI you can make. Spending some time on these calculators will give you a fair idea of how much you can stretch yourself financially, while remaining comfortable, in taking a loan or advance.
While talking to an agent, for your loan options, multiple options would be presented to you on the table, and it is easy to get mixed up on the offers, missing the best offer on table. However, if you keep these calculators handy, on a screen on your mobile phone, you can quickly type in the figures, get the true figures out, and then decide what is best for you, seeing through the sales pitches. We suggest you bookmark this page, and also download it on your mobile phone’s home screen.
Finally, you may already be servicing a number of loans. You can find out exactly how much you are paying lieu of interest payment on each of them. You can then decide to consolidate some by taking a fresh loan, or to take a cheaper loan to square off the more expensive ones. For example, you may take a top up, house improvement loan on your mortgage or home loan, and then use the proceeds to pay off your credit card bills.
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