You have a monthly budget to pay for a loan and if you want to figure out, how much principal loan amount will be in your hand. Then use our Final Loan Amount based on EMI Calculator.
Akash wants to take a personal loan based on his monthly budget which he can pay for his monthly installment. He is ready to pay 18000 as an installment every month with an annual reducing interest rate of 18%. And he wants to clear off his loan with in 3 years (36 months). So before approaching the bank, now he wants to know that what is the loan amount he is eligible for and will that loan amount help him in his cause based on his monthly emi budget. Akash can really make use of below given loan amount calculator for such a cause.
How to use Loan Amount Eligibility Calculator?
Just drag the Monthly Budget EMI slider to your desired monthly installment budget. Now, if you have spoken to a bank and know the Monthly Reducing Interest Rate, just use the slider to adjust to the correct interest rate and finally, choose the time period in years. There you go, you have just calculated your Principal Loan Amount which will be coming to your hand.
In the below table, you can use paise value to exaclty find the round principal amount. Use it as per your convenience.
You can calculate for any type of loan, for example, home loan, personal loan, business loan, loan against property, car loan, etc.,