Poonawalla Fincorp Personal Loan EMI Calculator

Below are some of the benefits of using Poonawalla Fincorp EMI Calculator:

• Planning the loan tenure: When applying for a personal loan, the EMI calculator helps you plan the loan tenure and decide the suitable one.
• Planning the loan repayment: Timely loan repayment is a healthy financial habit. It helps create a good image of the borrower and makes them creditworthy in the lender’s eyes. Also, it helps them maintain a good credit score and plan their repayment schedule.
• Easy to use: The tool is easy to use, allowing you to understand loan tenure, loan repayment, monthly EMI, and other factors. Before applying for a loan, it is advisable to use the EMI calculator.

Poonawalla calculates the personal loan EMI using the following formula:

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

Where,

• The letter 'P' stands for the principal loan amount.
• The letter 'N' stands for the tenure (in years)
• The letter 'R’ stands for the interest rate

Here are some reasons to use the Poonawalla personal loan EMI calculator:

• The online loan calculator helps people borrow efficiently and optimally.
• It can save you money in the form of interest. 
• You can easily calculate the interest amount and know your repayment schedule within seconds.
• Poonawalla Fincorp EMI calculator tool allows you to calculate your EMI depending on a variety of scenarios.
• Multiple loan amounts, tenures and interest rates can be chosen, and the appropriate EMI can be calculated within seconds. 
• There is less chance of human errors as the tool provides accurate results.
• It is easy to use, accessible from the lender’s official website, and incredibly user-friendly.

The easiest and fastest way to check your Poonawalla Fincorp loan EMI and repayment schedule is by using the Personal Loan EMI calculator available on its website. All you need to do to calculate your EMI payments is to enter the loan amount, repayment tenure, and interest rate. The result will be generated instantly.

An online EMI calculator can be a great way to know your monthly EMIs without doing any prone to error manual calculations. Poonawalla offers an easy-to-use online EMI calculator on its official website to help you understand your entire repayment schedule. To use the calculator for checking the repayment schedule, follow the steps given below:

• Enter the required loan amount
• Enter the interest rate offered to you
• Enter a preferred loan tenure (in years)
• Click the ‘Calculate’ button.

The tool will give an instant automated response for your monthly EMI amount. For example, if your loan amount is Rs. 20 Lakhs, the interest rate is 10% p.a., and you wish to repay it n over a tenure of 7 years, your monthly EMI amount will be Rs. 33,202.

You also get the following two options on the page:

• Check Repayment Schedule: To view your entire loan repayment schedule.
• Download Repayment Schedule: To download the amortization schedule for our loan.