When an individual decides to opt for any kind of loan facility whether it’s a personal loan or a home loan or any other kind of loan facility, the rate of interest should be the most important thing to look for. You must be asking the reason behind it? Well, it’s supremely important because this is the factor that decides what will the EMI amount that you’ll have to bear every month while repaying the loan amount. So automatically, if you manage to get the loan amount at a lower rate of interest, then your EMI amount will be low.
Indiabulls is one of the leading private banks of India that provide personal loan to its customers at an affordable rate of interest. Indiabulls personal loan interest rates are one of the cheapest and affordable among all the options available in the market. For an individual who is looking for and in need of urgent funds, this personal loan option by Indiabulls will be one of the best options because of the many features attached to it such as quick disbursal of funds, convenience in the application process, etc. We will be telling you the Indiabulls Personal loan Interest rates and also how can you use Indiabulls personal loan EMI calculator with a few details. So keep reading on!
How can you efficiently use the Indiabulls Personal Loan EMI Calculator?
Do you know that with the help of the Indiabulls Personal Loan EMI calculator, you can easily measure the monthly installments for your loan repayment? It’s a pretty easy and convenient method to calculate. You just need a few basic details such as the desired loan amount, desired tenure, and the rate of interest. We have given a detailed outlook on each of these details below.
Desired Loan Quantum: By opting for the Indiabulls personal loan facility, you can take the loan amount as a minimum of INR 1,000 to the maximum of INR 15 lakhs according to your repayment capability. You should choose this amount based on your needs only otherwise this can impact your EMI amount.
Rate of Interest: This is the second thing that you need to fill in the EMI calculator. Indiabulls personal loan interest rates start from 11.00% per annum onwards which also depends on a wide array of factors such as your employment type, how many years have you been working with your current organization, your age, your existing liabilities if any, and most importantly, your CIBIL score. The lender wil assess all these factors and then only decide the interest rate at which you will get the loan amount.
Desired Tenure: Tenure is the number of months within which you will repay the loan amount. With Indiabulls personal loan facility, you can choose the repayment period as low as 3 months to a maximum of 24 months. Choose the tenure period according to your repayment capability otherwise, the hefty EMIs can hurt your monthly budget.
After filling all these details into the calculator, it will give you the exact EMI amount within seconds by which you can plan your budget. If you’re not satisfied with the result, then you can use it with different values for as many times as you want.