Personal Loan Calculator
Personal Loan Calculator: Checkout Zee Business personal loan EMI calculator to calculate your monthly installments to be paid towards your personal loan. Plan your personal loan emi online using free loan calculator, Loan EMI Calculator. This is a personal loan calculator to calculate personal loan EMI on a monthly basis. You can use this free personal loan EMI calculator to figure out your monthly EMI on your personal loan.
A personal loan is one that an individual can opt for in case a loan for that specific need is not already listed as one of the loan options by a bank. For example, banks usually offer home loan, car loan, bike loan, education loan, wedding loan and business loans.
Loans for all other purposes, like a vacation, etc can be financed by opting for a personal loan. The interest rates charged by banks for a personal loan are usually higher than interest rates for all other kinds of loans. This is because a personal loan is unsecured loan and isn't guaranteed by a collateral as is the case with other loans. A personal loan is an all purpose loan and is given with minimum documentation. The maximum time limit for a personal loan is around 60 months or 5 years.
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Personal Loan
Overdraft vs Personal Loan: Check when OD could be a better option
Fri, Sep 22, 2023
Overdraft services and personal loans are popular short-term credit facilities best suited for emergency needs of funds. However, Overdraft facility offers more flexibility and comes with lower interest rate compared to personal loan.
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What’s the lowest acceptable credit score for a personal loan?
Thu, Sep 14, 2023
Maintaining a good credit score is important for availing a personal loan at a reasonable interest rate. The lenders may approve personal loans despite your low credit score, but they may charge higher interest rates.
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Here’s how to get a personal loan without credit history?
Mon, Sep 11, 2023
Most of the lenders approve personal loan applications based on the credit history of the borrower. Your personal loan application could be rejected if you have a low credit score. Though many banks offer personal loans to borrowers with low credit scores they may charge higher interest rates.
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Personal Loan: Who repays the loan if the borrower dies?
Fri, Sep 01, 2023
The lender can't seize or sell the borrower's property for acquiring the remaining amount as the loan was an unsecured one. Since the personal loan repayment isn't possible, this amount is eventually written off and is transferred to the NPA (Non-performing Assets) account.
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Personal Loan vs Emergency Savings: Which is a better option?
Tue, Aug 22, 2023
In case of a personal loan, there will be debt obligations on the borrower. On the other hand, using an emergency fund will have no debt obligation. If some money is withdrawn for any reason, you can start rebuilding the corpus as soon as possible.
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Personal loan on credit card vs pledging Mutual Funds: Which is a better credit option?
Thu, Aug 17, 2023
While credit cards offer instant financial support, loan against mutual funds comes with a series of benefits like competitive interest rate, quick disbursal and the benefit of continued returns. Loans against Mutual funds could be a better option if you are looking for earning returns while repaying the loan.
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Home Loan: With RBI maintaining status quo on repo rate, here's what you can do with your home loan
Fri, Aug 11, 2023
With the RBI maintaining the status quo on repo rate, borrowers need to understand how their repayment plans can be affected. The interest rates are unlikely to be impacted as the RBI has kept the repo rate unchanged. So, your home loan EMI may not go up soon.
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Home Loan: Things to remember when getting enhanced home loan for stalled projects that have been revived
Fri, Aug 04, 2023
Many homebuyers resort to additional amounts under their existing home loan to meet the escalated cost. Here are a few important factors you should take into consider before availing more funds under your existing home loan.
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Paisa Wasool 2.0: Gold loan or personal loan — where can borrowers save thousands of rupees?
Sun, Jul 09, 2023
Personal loans and gold loans can be the perfect solution whenever a person is need of extra funds or in case of an emergency. Here is a comparison of the advantages, disadvantages and the characteristics of both these loans, so you can decide which is the more suitable option for your needs.
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