How To Use The Tata Capital Personal Loan EMI Calculator?

A personal loan EMI calculator is used to compute the amount of monthly installments which you will be paying after the loan approval. And when you are borrowing a personal loan from Tata Capital Limited which offers an attractive interest rate of 10.99-19.00% per annum you must want to know what could be your repayment plan. But don’t worry as you can manage all of this using Tata Capital Personal Loan EMI Calculator. Read the article below to know the EMI tool details.

What are the Things to Remember While Calculating EMI?

When you are using the Tata Capital Personal Loan EMI Calculator, you need to make sure you know the following:-

  1. Loan Amount – It is the amount you have applied for, and the Equated Monthly Installment (EMI) will be calculated only if you know the amount you are borrowing. Because without the loan amount there will be no loan.
  2. Rate of InterestTata Capital Personal Loan Interest Rates are attractive and they will depend on your income and crest history. So if you get the desired rate of interest, use Tata Capital Personal Loan EMI Calculator to know what EMI does it provide.
  3. Loan Tenure – The duration of loan repayment is known as loan tenure and Tata Capital Ltd. provides you a duration of 12 to 72 months to repay the personal loan

You can use the Tata Capital Personal Loan EMI calculator to calculate your personal loan EMI. if you know the above mentioned details.

How Tata Capital Personal Loan EMI Calculator Works?

To use the EMI tool, you just need to follow the below steps:-

Step 1 – Select the Loan Amount by using the ‘+’ and ‘-‘ symbol present on the calculator to increase or decrease the amount

Step 2 – Using the same method enter the Tata Capital Personal Loan Interest Rates

Step 3 – Increase or decrease the loan tenure using the calculator buttons ‘+’ and ‘-’

Then the Tata Capital Personal Loan EMI Calculator will automatically show your EMI on your screens. Understand the working of the EMI tool better with this example below.

Suppose, you borrow INR 7 lakh Tata Capital personal loan at an interest rate of 12.25% per annum. And to choose the right tenure you use the Tata Capital Personal Loan EMI Calculator which generates the following result as shown in the table below.

Loan Amount (in INR)

Interest Rate (Per Annum)

Tenure (in Months)

EMI (in INR)

Interest Outgo (in INR)

Total Repayment (in INR)

7,00,000

12.25%

12

62,276

47,313

7,47,313

7,00,000

12.25%

24

33,033

92,797

7,92,797

7,00,000

12.25%

36

23,334

1,40,013

8,40,013

7,00,000

12.25%

48

18,520

1,88,947

8,88,947

7,00,000

12.25%

60

15,660

2,39,581

9,39,581

7,00,000

12.25%

72

13,776

2,91,894

9,91,894

So, apply for your Tata Capital Personal Loan today to meet your financial needs. And use the tips mentioned in this article which will help you pay the loan smoothly.