Loan Calculator: How you can save over Rs 1.50 lakh in interest and 1 year in duration on Rs 20 lakh, 5-year personal loan
Personal Loan Calculation: Personal loans don't have collateral and often come at higher interest rates than home and car loans.
Personal Loan Calculation, EMI, Interest, Repayment: Borrowers take personal loan to fulfil their immediate requirements. They take a personal loan for a number of reasons such as emergency, medical requirement, home renovation. Personal loans don't have collateral and often come at higher interest rates than home and car loans. If you go for a higher EMI, not only you can save amount on interest you can also pay off that loan in lesser duration. Here's how you can save estimated over Rs 1.50 lakh in repayment and 1 year in duration on a Rs 20 lakh, 5-year personal loan.
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Personal loan conditions
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What will be EMI?
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What will be interest amount and repayment amount?
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How one can save on interest
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How it will impact your loan amount
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What will be your new loan duration?
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