Syndicate Bank Personal Loan EMI Calculator

How does the loan EMI calculator work?

An EMI Calculator works on the following formula

E = P x R x (1+R)^n/((1+R)^n-1)

1. E: Equated Monthly Instalment (EMI)
2. P: Principal loan amount
3. R: Monthly rate of interest
4. n: Duration of the loan

BankBazaar's EMI Calculator also considers processing fees and pre-payments in order to make the results more accurate.

How to Use the Syndicate Bank Personal Loan EMI Calculator

You can use the BankBazaar EMI Calculator by following 7 simple steps given below.

1. Go to BankBazaar's website.
2. Select the 'EMI Calculator' from 'Finance Tools' under Menu tab on the top right corner.
3. Use the sliders or manually enter the loan amount and duration of loan.
4. Input the interest rate and processing fees of Syndicate Bank Personal Loan
5. If you intend to make pre-payments, enter the pre-payment frequency, pre-payment amount, pre-payment charges and when the pre-payment would start.
6. Click on 'Calculate' to get the results.
7. You will see the EMI, the total interest amount, the total repayment amount, repayment schedule and pre-payment analysis.

Key Features and Benefits of Syndicate Bank EMI Calculator

The advantages of using an EMI Calculator are:

• Accessible: EMI Calculators are an online tool that can be conveniently used through any device with an internet connection.
• User-friendly: An EMI Calculator is easy to use and needs no specific understanding of finance or technology. It can be customised with numbers as per the user's requirements.
• Precise results: BankBazaar's EMI Calculator analyses your loan repayment schedule and gives you great details about the loan and EMI.
• Repayment table: The clear break-up of EMIs and monthly outstanding amounts helps you understand the whole repayment process clearly.

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