The Piramal Finance personal loan EMI calculator is a valuable and free tool that lets you figure out the EMI amount you will have to pay every month. It considers the principal amount, interest rate, and loan tenure to tell you how much you need to pay monthly. The Piramal Finance EMI calculator is a useful tool to plan out the inflow and outflow of funds so that you never run out of cash to make EMI payments.
Suppose you have borrowed ₹1 lakh at an annual interest rate of 12.99% for 5 years / 60 months. Your EMI calculation will look like this:
|Year||Principal Amount (Year)||Interest Payable (Year)||Total Amount (Year)||Avg. Monthly EMI||Outstanding Balance|
|1||₹ 16,997||₹ 10,308||₹ 27,304||₹ 2,275||₹ 83,003|
|2||₹ 16,915||₹ 10,388||₹ 27,304||₹ 2,275||₹ 66,088|
|3||₹ 19,250||₹ 8,053||₹ 27,304||₹ 2,275||₹ 46,838|
|4||₹ 21,907||₹ 5,396||₹ 27,304||₹ 2,275||₹ 24,931|
|5||₹ 24,931||₹ 2,372||₹ 27,304||₹ 2,275||₹ 0|
If you want to calculate the EMI of your personal loan, you should use the Piramal Finance calculator. It's easy to use and provides results instantly. You will need to provide the necessary information to use our EMI calculator online for a personal loan:
While you can always use the mathematical formulae to determine your personal loan EMIs, using the calculator helps save time. Moreover, you will also be able to eliminate the scope of mistakes by using the calculator.
The benefits of using the EMI calculator for a personal loan from Piramal Finance are as follows:
A PL loan EMI calculator takes into account the following factors to determine how much you will have to repay every month.
Piramal Finance is a part of Piramal Group Enterprises Limited and is registered under National Housing Bank. It offers retail and wholesale funding opportunities to companies across different industries. It is also involved with financial service businesses. The business loan benefits offered by Piramal Finance enable companies of different sizes to fulfill their goals. But Piramal Finance also offers other kinds of loans, including housing and personal loans.