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Calculate your (EMI)

Aditya Birla Capital Personal Loan EMI Calculator

EMI Calculator

EMI Calculator

Aditya Birla Capital Limited (ABCL) is a NBFC which is coming under the banner of Aditya Birla group, a global conglomerate. Specializing in the provision of a wide range of services, ABCL provides its clients with a full range of financial services such as loan services, insurance services, wealth management services and investment services. Through harnessing innovation and focusing intensely on the consumer needs, Aditya Birla Capital hopes to drive forward the business of financial services – making them efficient and accessible to enable people and enterprises to realize their unique financial potential.

What does Aditya Birla Capital EMI Calculator mean?

An Aditya Birla Capital EMI Calculator is an online instrument that aims at calculating the Equated Monthly Installments for different types of credit products including personal credit, home credit or business credit offered by Aditya Birla Capital. This shows borrowers can input some basics such as amount, tenor and rate into their planning processes. The results are produced with great accuracy and provide the users with the exact results as this calculator saves the time of calculations.

What is the Formula Used for Personal Loan EMI Calculation?

The formula for calculating EMI is-

[P x R x (1+R)^N]/[(1+R)^N-1]

In this formula-

P= The Principal Amount

R= The Interest Rate

N= The Tenure of Loan

Always use EMI calculator to compute your EMI as it eliminates the possibility of errors that comes with manual calculation.

Types of Aditya Birla EMI Calculators

Personal Loan EMI Calculator

  • Personal Loan EMI calculator from Aditya Birla Capital helps you to compute the monthly EMI that you will have to pay towards the outstanding loan.

Home Loan EMI Calculator

  • Home Loan EMI calculator from Aditya Birla Capital helps you to compute the monthly EMI that you will have to pay towards the outstanding loan. It takes into account factors like loan amount, tenure, and reducing balance interest rates

Business Loan EMI Calculator

  • Business Loan EMI calculator from Aditya Birla Capital helps you to compute the monthly EMI that you will have to pay towards the outstanding loan.

 How to Use Aditya Birla EMI Calculator?

  • Click on Aditya Birla Capital under list of EMI calculators
  • Enter the loan taken, applicable interest rate, and your tenure in the appropriate boxes
  • Your EMI will be displayed along with total interest and total loan cost
  • Adjust Inputs if Necessary to calculate the EMI for different scenarios

Benefits of Using Aditya Birla EMI Calculator

  • Time-Saving: Instant EMI calculations are given with the help of calculator, thus, there is no need of performing manual calculations
  • Financial Planning: With the help of repayment schedule, borrowers are able to get a clear picture of their financial situation and frame monthly budget accordingly
  • Accuracy: The calculator provides accurate EMI details based up on your input
  • User-Friendly: In terms of usability and learnability the calculator has a plain and simple layout that even persons with limited computer knowledge can use
  • Scenario Analysis: To ensure they get the best loan package, the users can input different loan amount, tenure, and interest rate then select from the package that suits them.

FAQs on EMI Calculators

1. What is an EMI calculator?

An EMI calculator is an online tool that calculates the monthly instalment you have to pay towards the loan using loan amount, tenure, and ROI

2. Is the Aditya Birla Capital EMI calculator free to use?

Yes, Aditya Birla Capital EMI calculator is Free to use

3. Can I calculate EMIs for various loan types?

The EMI calculator works on the same formula for all types of loan

4. Does the calculator consider processing fees?

No, the calculator does not include processing fees it just takes the inputs given by the user such as amount, tenure, and ROI

5. Can I use the EMI calculator offline?

No, the Aditya Birla EMI calculator requires an internet connection to work

FAQs
Personal Loan Eligibility(Quick Check):
Income - Meets lender's minimum requirement.
Credit score - Above 700 for better options.
Existing debt - Doesn't exceed 50-60% of monthly income.
Age - Minimum 21 years old.
Employment - Stable job history.
Banks check 3 things to see if you're eligible for a personal loan:
Income: Can you afford the monthly payments?
Credit score: Have you repaid past loans on time?
Debt: Do you have too much other debt already?
They also consider your age, citizenship, and employment stability.