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Loan Calculator

Loan Calculator

You need that personal loan, you need it quick. But first, calculate the costs associated; know the monthly payments, the interest towards the loan and the time you will take to repay the borrowed amount. Our loan calculator easily chips in to help you here. All you have to do is provide the variables required; the loan amount, the term of the loan, interest rate and the date you will start your first payment – and the loan calculator does the rest, it simplifies the complicated loan math. The loan calculator uses the PMT or NPER formulas to calculate your loan repayment schedule. Please note that you will have to do a quick loan eligibility calculation before using the loan calculator. Our tool does not define your eligibility for the amount you want to borrow. Loan eligibility test considers your monthly income, loan tenure, monthly expenses, and estimated interest rate to arrive at your eligible maximum loan amount. This amount will then be used with the loan calculator to ease the repayment worries. All loans are also subject to other fees which are not factored in the loan calculator, you should ask your lender to provide attached fees like insurance or taxes that you will incur during your loan repayment period.
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