A personal loan would be the best option to protect you from unanticipated emergencies. Nowadays, you can avail an instant personal loan with the lightning-fast instant loan approval. You will get a flexible repayment tenure of up to 60 months. Post loan approval, the loan is disbursed to your account within 24 hours. The personal loan documentation is simple & minimal such as the K-Y-C process, identification proof, and address proofs.
Before opting for a personal loan, ensure to calculate the EMI of your loan To calculate the EMI of a personal loan, use a personal loan EMI calculator online. The manual EMI calculation cannot deliver accurate results sometimes but if you calculate using an online calculator tool, the results will be instant & more accurate. It is available 24 x7, so you can instantly use it anywhere at your convenience.
You should enter the components like loan amount, interest rate & repayment tenure to calculate the personal loan EMI. Read to Check how to use the Personal loan EMI calculator is find out the EMI for Rs. 7,00,000 loan at interest rates of 12%.
Illustration:
The following are the EMI for Rs.7,00,000 Personal Loan at 12% interest rate for different tenure:
Loan Amount |
Rate of Interest |
Tenure |
Monthly EMI |
7,00,000 |
12% |
12 months |
Rs.62,194 |
7,00,000 |
12% |
24 months |
Rs.66,192 |
7,00,000 |
12% |
36 months |
Rs. 23,250 |
7,00,000 |
12% |
48 months |
Rs.18,434 |
7,00,000 |
12% |
60 months |
Rs.15,571 |
Always remember that the EMI for a 7,00,000 loan will change if you change tenure & interest rate.