When it comes to taking out a personal loan, there are a few things you need to keep in mind. First, you need to make sure you are getting the best interest rate possible. Second, you need to make sure you are comfortable with the repayment terms. And third, you need to make sure you are aware of the potential fees and charges associated with taking out a personal loan. With that in mind, here is a list of the top personal loan providers in India, based on their interest rates, repayment terms, and fees and charges.
How personal loan emi is calculated monthly.
The mathematical formula below can be used to determine your emi amount: the emi amount is equal to [p x r x (1+r)n]/[(1+r)n-1]. Where the variables p, r, and n are. Additionally, it implies that the emi value will alter each time one of the three factors is altered. The letter “p” stands for “principal amount.”
The emi for 3 lakhs personal loan.
Personal loan payments of rs. 3 lakh for terms of 1 to 5 years
|Sum borrowed (rs)||Tenure (years)||Emi (rs)|
The emi for 15 lakh personal loan.
Emi of rs. 15 lakh for a loan with a term of 1 to 5 years
|Credit amount (rs)||Inflation rate (p.a.)||Emi (rs)|
|15 lakh rupees||11.99%||70,603|
The emi for 10 lakhs personal loan.
Personal loan payments of rs. 10 lakh for terms of 1 to 5 years
|Credit amount (rs)||Tenure (years)||Emi (rs)|