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# Personal Loan from Prefr Partners: EMI Calculator

Calculate EMI | Apply Now | Loan Upto ₹2 Lakhs

### Personal Loan

The loan repayment process appears to be very simple but needs to a lot of careful planning. Paying EMIs on time requires managing the finances efficiently so that your monthly budget does not dwindle. By using the Personal Loan EMI Calculator available on Bajaj Markets, you can calculate the monthly EMIs that needs to be repaid for your Personal Loan from Prefr Partners, so that your finances are in place.

## Use our Personal Loan Calculator to calculate your EMI Instantly

Loan Amount
Tenure
• Months
• Years
Rate of Interest
%

Your monthly EMI is

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

## How is the Personal Loan EMI Calculated?

The personal loan calculator by Bajaj Markets, is a simple online tool, with which you can find out the EMI that you need to pay per month. There are three inputs, which you need to enter to find out the EMI. They are as follows:

• ### Loan Amount

It is the loan amount that you want.

• ### Rate of Interest

This is the amount that a lender charges along with the principal. It is expressed in percentage.

• ### Loan Tenure

This is the period over which you need to repay the loan.

### The formula used is:

E = P * r * (1+r)^n / ((1+r)^n-1)

Where ‘E’ is EMI

‘P’ is the Principal Loan Amount

‘r' is the rate of interest calculated every month

‘n’ is the tenor or duration of the loan

### Use our Personal Loan Calculator to calculate your EMI instantly

Top of Form

Loan amount (100000 - 1500000)

Tenure of loans (12 - 60 months)

Rate of interest (18 - 30%)

CALCULATE NOW

Bottom of Form

## What are the Benefits of a ‘Personal Loan EMI Calculator’?

The main benefit of the EMI Calculator is that you can calculate the exact amount that you need to pay monthly before actually paying it. This will help you plan your monthly budget accordingly. Also, you can realize as to how much amount that you can set aside for your EMIs and how much for monthly expenses. Check out the Personal loan eligibility criteria to find out if you qualify for the Personal loan from Prefr Partners.

## Benefits of Choosing Bajaj Markets for Personal Loan

The Personal Loans from Prefr Partners available on Bajaj Markets are custom-made and convenient to all your financial needs. The end to end online process is very smooth and you can proceed with minimal documentation requirements within a few simple steps.