Loan Calculator
The loans calculator is a simple installment calculator which identifies the monthly installment amount payable on a loan based on the loan amount, tenure in years and interest percentage.
How to reach here:
Portal Page > Tools & Calculator > Loans
Field Name |
Description |
---|---|
Amount |
The amount that the customer wants to borrow from the bank. |
For (Period) Years |
Desired tenure of the loan in terms of years. |
@ Interest |
Interest rate that bank will charge on the applied loan. |
Installment Amount |
The monthly installment payable on the loan calculated on the basis of the loan amount, tenure and interest rate specified by the user. |
- In the Amount field, enter the loan amount.
- In the For Years field, enter the loan tenure in years.
- In the @Interest field, enter the interest rate.
- Click
The application calculates and displays the monthly installment of the loan.
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