How to use FatakPay Car Loan EMI Calculator?

To use a Car Loan EMI Calculator, you need to input the following key fields:

1. Rate of Interest – The annual interest rate charged by the lender on the loan.
2. Principal Amount – The total amount you wish to borrow or the loan amount.
3. Duration – The loan tenure or the number of months over which you plan to repay the loan.

How to Use It:

Simply enter these details into the calculator. Once you input the Rate of Interest, Principal Amount, and Duration, the tool will instantly calculate your monthly EMI. It will also provide a breakdown of how much you’ll pay towards the principal and the interest over the loan tenure.

By adjusting any of these parameters, you can see how changes in the loan amount, interest rate, or repayment period affect your EMI, allowing you to make an informed decision about your personal loan.

How can a FatakPay Personal Loan Calculator help you?

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Advantages of using FatakPay Personal Loan Calculator for EMI

The personal loan interest rates EMI calculator available at FatakPay is a simple tool that benefits a user in multiple ways.

• It intimates prospective borrowers about the exact EMI amount they are liable to pay for a particular loan amount. Borrowers can use this information to plan how much loan they can safely obtain without risking their financial health. In the financial circles, it is highly advised that the debt to income ratio doesn’t exceed 50%. Preferably, it should be below 30%.
• You can use this calculator as many times as you need free of any charges. You can check the EMI for various loan amounts and avail one that suits your financial situation.
• This calculator is precise to the last digit. There is no place for any ambiguity anywhere.