Loan Amount

An interest rate is one factor that makes people think twice about whether to take a loan or not. The interest rate calculator easily calculates the interest rate of a personal loan. A borrower can make use of the EMI calculator to get clarity on the percentage of interest and tenure applied to the personal loan amount.   

With digital instant loan platforms, calculating monthly payable loan amounts is no more a difficult task. The interest rate calculator helps borrowers to stay away from such unpleasant surprises. All those who apply for instant personal loans to cope up with various financial reasons should use the interest rate calculator to stay clear with the monthly amount payable.   

An interest rate is an amount levied upon the principal loan amount while availing of a personal loan. Nowadays, evaluating interest rates has become a simple and quick process as the loan EMI calculator available easily on loan apps or financial websites. An interest rate calculator maintains the accuracy required while calculating the interest rate on the principal amount.

A personal loan is a credit amount sanctioned based on an interest rate that is to be paid till the loan tenure ends. Calculating interest is not a tedious task anymore, all thanks to the instant loan apps available for loan applications digitally. The loan interest rate calculator is one useful tool easily available on bank/finance provider websites and apps.

When you have borrowed a loan for any reason, paying EMIs on time is essential to maintain a good financial record. Equated monthly instalments give you the power to buy expensive luxury items, without having to pay the whole amount at the moment. A tool called EMI loan calculator is ideal to calculate accurate EMIs in seconds.

Different financial companies have their own clauses in the personal loan document explaining what should be done when a borrower expires in the middle of the loan tenure. Generally, in such cases, the pending loan amount is paid by the legal heir of the family. In case, the deceased borrower has life insurance in his/her name, then the insurance company pays off the personal loan.

A mini cash loan is a small cash loan that starts from Rs.10,000 & goes higher up to a couple of lakhs. As the loan amount is less, it can be repaid easily within 24 months or less. A mini cash loan is definitely a remedy for availing quick finance that can be used for a variety of purposes – house rent, education, wedding expenses, medical emergency etc.

A deal confirmation for a personal loan states that the borrower has surpassed all the verification steps required for loan approval. However, a personal loan cancellation is only possible before the amount is disbursed in your bank account. Once the loan amount is credited, it is not possible to reverse or cancel the personal loan application.

If you don’t have enough funds to clear the credit card bill, taking a personal loan of a limited amount is a good option. A debt consolidation loan is a type of personal loan that covers multiple debts into one and pays off the balance.

Before you plan and apply for a personal loan, get your eligibility calculated on the personal loan eligibility calculator. This calculator is an analytical tool designed to calculate your loan eligibility criteria and simultaneously enables you to compare and check the best personal loan available online and permits you to pick the best loan amount as per your requirement and eligibility.

Generally, personal loans are not taxable, but Section 24(b) of the income tax Act, 1961, allows for a tax rebate on personal loans if the amount is used for certain purposes like the home renovation or improvement. Although personal loans are not taxable, you can enjoy the benefit of tax deduction in a personal loan, if you put the loan amount to specific end-use.

When the financial need is large that’s when long-term loans are required. Long-term loans are considered to be ideal to procure a large loan amount whether to buy a property, expensive wedding, manage expenses for foreign education or pay for a major surgery. A long-term loan is usually measured with a repayment tenure longer than 3 years.

Personal loans are best known for their flexibility. Borrowers can take personal loans to support various financial needs. The loan tenure differentiates personal loans into two types – short and long-term personal loans. Loans with a higher amount are given a longer period to repay whereas short-term loans are cleared in a couple of years. Both types of personal loans have their own benefits for different borrowers.

An interest-only loan is a type of loan whereby the borrower has to pay only the interest portion for the first few years. Under an interest-free loan, the balance pertaining to the principal amount does not change over the interest-only loan period. After this period ends, the loan normally gets converted to a traditional mortgage.

A loan is an easy way outfor individuals in need of immediate financial help. Personal loans being the most preferred ones are generally availed to meet expenses relating to education

Interest rate is an amount a financial institution charges for the use of loan amount lent, deposited or borrowed. It is listed as the current liability and generally expressed as a percentage

A long-term loan is taken for a prolonged period to suit the borrower’s convenience and capability to repay the loan amount.  Long term loans are mainly preferred while taking a home loan,

Maximum loan amount with 25,000 salary depends upon the emergency situation and nature of work. The basic income for personal loan sanction starts from Rs 15,000 salary, so those earning 25,000 can easily apply for

When you think of acquiring a loan, what comes to your mind first is how easily and quickly can it be repaid. Equated monthly instalments (EMI) is basically the breakup of a loan amount that financial institutions expect borrowers to repay timely. EMIs are calculated on the basis of three variables

An instant personal loan is a multi-purpose loan acquired for various purposes. It is very useful in times of crisis or any kind of medical emergency. Maximum loan amount depends upon the emergency situation and nature of work. However, for quick loan sanction and disbursal borrowers can opt for