Maximum Amount of Personal Loan you can get out of monthly spare funds
available for EMI

So you have some amount to spare for EMI every month. Click here to find out how much Personal Loan you can get from that spare amount.
Amount spare for EMI
No. of Years
Year
Interest Rate
%

You can get Personal loan of
at an EMI of

Introduction

So you have some spare funds available every month. You wish to take a personal loan unsecured and fast with best rates & processing fees offers available. You have come to the right place. First you can see how much personal loan amount you can get using the spare funds to be paid as EMI. Then you can choose from the best offers available from the site & go for the lowest interest best personal loan finance for your requirement

The need for this Personal Loan Amount Calculator

Financial Calculations are always difficult. Even the Bankers move with a sheet with tonnes of numbers written on it. So we thought why not make a calculator where you can reverse-calculate the personal loan amount you can get. This way you just have to know how much amount you can pay as personal loan EMI every month. That’s it. The rest is done by the calculator. But beware! You think that you can spare this much of amount for EMI every month, the Bank may or may not agree to what you think for personal loan best rates. Click here your Personal Loan Eligibility

How to use this calculator

Yes we know you know the terms used in this calculator, this article & can easily use this calculator. But to lesser mortals, we have to explain the same for personal loan best rates.

AMOUNT YOU HAVE, TO SPARE FOR EMI: Put in the amount of funds spare with you that can be used to pay the Personal Loan every month. Say you earn Rs.50000 every month & after all the savings & expenses, you have Rs.20000 excess every month that according to you can be spared for Personal Loan EMI.

NO. OF YEARS: Here you select the tenure of the loan you feel is comfortable for you – 3 years or 5 years. We have put the default value at 3 years which is what mostly people take personal loan for.

INETREST RATE: Enter here the current offer in the market for the best interest rate. You can check offers on our site to enter the new interest rate. Default value we have put here is 15% which is average.

What you get as an answer is a close approximation of the personal loan amount you can take from the market from Bank. If you would look around slightly on this page, you can find offers on Personal Loans. Choose from one of them, get door-step service & save money. Then go on a long drive for a holiday and make your family happy.

Document List

Documents required for Personal Loan

Salaried

Self Employed Professional

Self Employed Non Professional

Application form

Y

Y

Y

KYC

 

 

 

Photographs

Y

Y

Y

Identity Proof

Y

Y

Y

Address Proof

Y

Y

Y

Age Proof

Y

Y

Y

Bank Statements

Y

Y

Y

Signature Verification

Y

Y

Y

Income Proof

 

 

 

Latest Salary Slip / Form 16

Y

 

 

Income Tax returns of 2 previous financial years along with complete financial/audit report.

 

 

Y

Income Tax Returns of 2 previous financial years.

 

Y

 

Other Documentation

 

 

 

Business Stability proof / Ownership proof

 

Y

Y

Employment Stability Proof

Y

 

 

Partnership deed and Letter signed by all partners authorising one partner

 

 

Y

Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association

 

 

Y

Disclaimer

The data generated herein is completely and solely based on the information/details provided by you in response to the questions specified by the site BankerBhai.com. Such information and the resultant data is provided only for user's convenience and information purposes. BankerBhai.com does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. The information contained / data generated herein may be subject to change, updation, revision, verification and amendment without notice and such information/data generated may change materially.


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