Thursday, December 10, 2009

Understanding Personal Loan Calculator

Understanding a Personal Loan Calculator is very important before you are goin to sign a paper for your Personal Loan. You should see all the fields carefully and understand, you can ask the compay representative if you can not understand anything. You should see the following things carefylly.

How many installments you will have to pay.

How much is the Personal loan interest rate.

Is you Personal Loan EMI fixed or varying each month.

Payment options of EMI.

Conditions of Personal Loan Deferment.

Conditions of Personal Loan Clearance if you wánt to pay off the whole Personal loan at any stage.

Calculate the total repayments and ammount you are getting, see the difference to know exactly, how much interest you will have to pay on your Personal Loan.

1 comment:

  1. I think Personal Loan EMI Calculator is a smart tool to calculate the payments that one has to pay on a monthly basis. It makes the tough calculations easy and helps to make a wise decision. One easily gets an idea that taking a loan is affordable or not.