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Personal Loan EMI Calculator - Airtel Flexi Credit
Calculate your personal loan EMIs and interest rate easily using the Personal Loan EMI calculator.
Adjust the tenure and loan amount to know the average interest amount.
Personal loan amount
Enter the loan amount
Choose your tenure plan
Rate of interest
Adjust your interest rate
Online Personal Loan EMI Calculator
Manage your finances better and never default on your EMI payments with the Personal Loan EMI Calculator. Use the calculator before applying for the loan to pre-plan your expenses the smart way! Use the Personal Loan EMI Calculator from Airtel Flexi Credit to understand the exact amount of EMI including principal and interest.
How to Calculate the Personal
Enter the personal loan amount you wish to apply for. Choose the loan tenure (ranging from 3 months to 60 months with Airtel Flexi Credit) and adjust the interest rate. The exact EMI amount will pop up. Adjust loan amount, interest rate, and loan tenure to find the perfect EMI plan for you.
How to apply for a Personal Loan?
Follow simple steps as mentioned below
Open Airtel Thanks app
Find Shop > Airtel Finance
Select Flexi Credit
Fill in your basic details
Get best offer
Basis profile verification
Complete the KYC
Link your bank account
Features of Personal Loan
With Airtel Flexi Credit you get below
Personal loan amount
₹10,000 to ₹9,00,000
Starting from 11.5% p.a.
Personal loan tenure
03 to 60 months
Within 24 hours
Low processing fee
2% to 4% + GST
FAQs on Personal Loan
What is EMI in Personal Loan?
What is a Personal Loan EMI Calculator?
What is the Personal Loan EMI Calculation Formula?
P stands for principal or the loan amount that you are borrowing from the lender
N stands for the loan tenure in terms of years
R stands for the rate of interest
The EMI is composed of the principal and the interest. As you keep paying your EMIs, your interest amount gets lower and lower. Toward the end of your loan tenure, you will mostly be paying the principal and very small interest.
How does Personal Loan EMI Calculator Tool work?
What all factors are considered in the Personal Loan EMI Calculator?
How to do payment of Personal Loan EMI?
What will happen if I miss paying my Personal Loan EMI?
What is the due date for paying my EMI?
How is EMI deducted from your Personal Loan?
What is the interest rate of the Personal Loan EMI Calculator?
How to avail of Airtel personal loan EMI option?
How to reduce Personal Loan EMI?
- Go for a step-down EMI plan, where you pay higher EMIs in the initial months and the EMI keeps decreasing as the loan tenure comes to an end.
- Make a partial prepayment to reduce the principal and interest amount.
- Transfer the balance loan to a lender with lower interest rates.
What is Personal Loan EMI for ₹1 lakh?
- Loan tenure for payment
- Interest rates charged by the lender
- Any other charges or fees
What is Personal Loan EMI for ₹3 lakhs?
What is Personal Loan EMI for ₹5 lakhs?
How to repay your Personal Loan EMI in advance?
Do I get reminders for the Personal Loan EMI payment?
What is the max tenure duration available in Personal Loan EMI?
The tenure for your personal loan actually depends on a couple of factors. The total amount that you are willing to borrow, the interest rate, and the EMIs that you want to pay. Make sure that you and your lender are on the same page about all these factors before you apply for the loan.
What is the down payment for Personal Loan EMI?
How much time does it take for Personal Loan EMI to be active?
What is a Personal Loan EMI Calculator?
The Airtel Personal Loan EMI Calculator is the easiest way to find out the EMI outgo in a few seconds. The EMI Calculator can help you know your monthly EMI according to the interest rates and loan tenure. A borrower’s monthly amount consists of both principal and interest amounts. The tenure of the loan and the interest rate directly impacts the EMI amount.
With the Personal Loan EMI Calculator, you can decide the tenure for your personal loan. Compare the EMI amount to your total disposable income. Try different combinations on the calculator and choose a tenure for easy repayment of the personal loan. Remember! Your EMIs must not exceed 40% of your total monthly income. The goal should be to maintain a normal lifestyle even after the payment of the monthly EMI.
Just key in the loan amount, select the interest rate and adjust the loan tenure in the calculator. The monthly EMI will be calculated in a few seconds.
Benefits of Airtel Personal Loan EMI calculator
The Personal Loan EMI Calculator can help you in many ways. Here are a few of them:
- Easy to use – The Personal Loan EMI Calculator is relatively easy to use. Just put in the loan amount, interest rate, and tenure to find out your monthly EMI instantly.
- Saves time – Understanding the repayment plan can be time-consuming. The Personal Loan EMI Calculator can bring the results instantly.
- Aids in Financial Planning – Once you know your monthly EMI along with the loan tenure even before taking the loan, you can plan your future finances accordingly.
Use the calculator to know more.
Ways to get a lower EMI on a personal loan
A lower EMI on a personal loan can assist you in maintaining your normal lifestyle even after closing the monthly commitments. You can get lower EMI on your personal loan using multiple ways. Enlisted below are some of them:
Step-down EMI plan
The Step-down EMI plan is a plan offered by most lenders. Under this method, the EMI decreases every year during the loan tenure. Wondering how? The borrower pays a big chunk of the principal amount and interest amount in the early years of the loan. Once the principal amount reduces, the EMI amount also decreases.
Most lenders give borrowers the option to partially prepay the loan amount after paying a certain number of EMIs. If you have some extra money coming your way, you can partially pay the loan amount. This will reduce the principal amount and the interest charged. Part-prepayment will reduce your EMI amount.
Other than these, you can also opt for a balance transfer loan that would transfer your loan to another lender with lower interest rates. However, it is recommended to check extra charges for the same.
Why choose Airtel Personal Loan?
Choose Airtel Personal Loans for flexible EMIs, lower interest rates, instant disbursal, and a 100% digital and paperless application process! Apply for an Airtel Personal Loan here.