Are you planning to avail a no cost EMI personal loan? Well, don’t just straight away jump onto applying for it! It is quite necessary to make sure that you have everything planned in place before going for this financial instrument. Therefore, for better planning and execution, this is where an EMI calculator steps into the game.
This tool, one of the top-secret weapons, empowers you to transform from an unaware borrower to a well-aware and confident one. Imagine being able to assess the affordability of various loan options before actually committing.
Today, in this article, we’ll understand everything you need to know about this tool and what are its top advantages. Moreover, we’ll also explain why you need to consider our platform for availing a loan and using this tool.
As the term suggests, it is basically a tool that simplifies the overall repayment process for potential borrowers by estimating your monthly EMI (Equated Monthly Installment). The top three key factors that are crucial for the estimation are:
- Amount of the loan: The sum of money you plan to borrow.
- Rate of Interest: The yearly percentage cost you pay to borrow the money.
- Tenure: The overall term for which you’ll repay the loan.
Top Advantages of an EMI Calculator
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Informed Borrowing Decisions
This tool basically empowers you to assess the affordability of various loan options before actually committing. Therefore, by adjusting the parameters, you can see the impact on your EMI, helping you avoid over-borrowing and potential financial strain.
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Budgeting and Financial Planning
Knowing your exact EMI beforehand allows you to incorporate it seamlessly into your monthly budget. This ensures you allocate sufficient funds for repayment, prevents missed payments, and, most importantly, prevents negative impacts on your credit score.
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Planning for the long-term
This tool offers a clear and crisp picture of the total EMI Instant Loan cost, including principal and rate of interest. This basically allows you to make informed decisions by factoring in the long-term financial implications.
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Time-Saving
Manually calculating numbers is obviously a time-consuming process and prone to errors that lead to issues in the long run. However, this tool offers instant results, saving significant time and effort and allowing you to focus on other important financial decisions.
Why Stashfin?
We at Stashfin act as a one-stop solution for potential borrowers. If you plan to avail yourself of such a facility and even want to explore the personal loan EMI calculator, everything is readily available on our platforms. Our application is available for Android and iOS devices, and one can even explore our official website.
The plus point you receive while availing this facility from us is that we don’t charge any rate of interest on our loans. This means you have to pay us back the amount you borrowed from us. Here is a step-by-step guide on how to avail loan from our app:
- Download the app from the Play Store/App Store
- Sign up using your mobile number
- Add your personal details to check your credit limit
- Complete KYC, and you will be good to go!
With just four easy steps, you can apply for the Personal Loan With EMI facility on our platform. Once you have applied and your application is approved, the amount will be credited to your account within no time.
Final thoughts
All in all, by leveraging this smart tool, you are in for a smooth ride, which ultimately transforms you into an aware and active borrower. Always keep in mind that this type of loan facility should be a tool for empowerment, not a burden.
So, what are you waiting for? Explore Stashfin today for the best deals on Personal Loan In EMI!