1. Build your Credit Score
2. Reduce your Current Borrowing / EMI Costs
While getting a loan, people usually end up borrowing more than what they can afford on a monthly basis resulting in unnecessary financial burden which can sometimes lead to loan defaults and debts. But, now with the EMI calculators offered by the topmost banks in India, the calculation of EMI has become quite easy and time-saving.
EMI calculator is a tool that assists a borrower in finding out their repayment ability. In other words, it empowers borrowers to know whether they can manage the monthly payments linked with the loan that they have taken. These calculators are safe to use, and they show calculations enabling the borrowers to plan their EMIs smartly.
Here are the top Indian banks that provide EMI Calculators on their official website:
SBI has been working relentlessly for years to offer affordable financial solutions to people of the country. The main motto is to assist every individual in India in having financial stability. With a purpose to grow its services, this trusted bank has now propelled the simple-to-use EMI calculators on their official website for all its loan products.
State Bank of India EMI Calculator
Besides helping people learn how much they will be required to pay against their loan every month, the calculators also enable the borrowers to assess their loan repayment ability, thus reducing the risks of loan defaults. When the borrower provides all the data linked with their loan on the SBI EMI Calculator, the calculator can instantly calculate the amount that the borrower will be required to pay each month.
Steps to Use the SBI EMI Calculator
You can follow these steps to use the SBI EMI Calculator:
The HDFC Bank has arisen as a reputable private bank in India due to its customer-friendly facilities and exponential technological advances. HDFC Bank was focused on providing banking facilities to its users. The latest extension to its vast array of services is the HDFC EMI calculator that has made it simpler for the customers to estimate the EMI payable for a specific loan product.
HDFC Bank EMI Calculator
By using the HDFC EMI calculator, the borrower can evaluate his/her ability to pay the EMI on time before they apply for the loan. The borrower will be able to plan their future EMIs easily so that it fits the monthly budget and doesn't stress the person financially.
Steps to Use the HDFC Bank EMI Calculator
You can follow these steps to use the HDFC EMI Calculator:
Being one of the significant private-sector banks in India, ICICI Bank has been extending hassle-free banking solutions to people for a long time. ICICI bank is known for its high level of transparency and authenticity among its customers across the entire country. Apart from providing a broad range of loan products, the bank also offers easy-to-use EMI calculators to help people in planning their EMIs before taking up the loan
ICICI Bank EMI Calculator
The ICICI Bank EMI calculator allows the loan borrowers to comprehend how much amount they will repay every month for the tenure of the loan. So, borrowers who opt for EMI (Equated Monthly Instalment) facility to repay the loan can quickly estimate the monthly financial burden on them through the ICICI Bank EMI Calculators.
Steps to Use the ICICI Bank EMI Calculator
The borrowers can follow this step by step guide to use the EMI Calculator
The Punjab National Bank is a popular Indian bank whose slogan is to reach the borrowers of all the sections of the country. The user-friendly official website of PNB provides its customers to check and apply for performing online banking transactions, transferring funds and apply for home and property loan products. You can also check the ability for such loans on the website.
PNB EMI Calculator
Through the PNB Home Loan EMI calculator, you will be able to estimate the EMI applicable on loan and also the eligibility criteria to apply for the loan. By providing the income and loan details, the system suggests which EMI is affordable for the borrower.
Steps to Use PNB EMI Calculator
You can follow the steps described below to check how the PNB EMI calculator can be used
Operating in most of the cities of India, the Union Bank of India is a profoundly tech-savvy bank that is dedicated to serving the Indian citizens with top-notch financial services. This public-sector bank doesn't just ensure convenient banking but also provides easy-to-use financial tools and solutions. Owing to its valuable products in the form of several financial products and tools, it has built a vast user base across the country.
Union Bank EMI Calculator
Among its various useful services, the EMI calculator offered by Union Bank is one of the most useful tools. The EMI calculator of Union Bank has made the borrowing process more transparent and convenient for its users. Through the calculator, the borrower can check the eligibility status for the loan and the EMI applicable for the loan amount with the specifications provided by the borrower.
Steps to Use the Union Bank EMI Calculator
The method of using the Union Bank EMI calculator is provided here:
Since its origin, the Axis Bank was focused on providing the best financial solutions to the residents of the country. Be it a low-interest personal loan, car loan or quick approval of credit card; Axis Bank can provide all the financial services with higher efficiency. Due to its flawless services, it has earned wide acceptance among its customers across the country.
Axis Bank EMI Calculator
The newest addition to the Axis Bank's services is the Axis Bank EMI Calculator. These seasoned tools have made it very simple for the customers to calculate the MEI before applying for the loan. From personal loan to education loan, Axis Bank has a set of customized EMI calculators which make the customers take a sound decision.
Steps to Use the Axis Bank EMI Calculator
You can follow these steps to use the Axis Bank EMI Calculator:
Therefore, next time when you apply for a loan, make sure that you use the EMI calculators to take better decisions. Since the estimation is made based on the details provided by the applicant, the process is reliable. The EMI payable calculated is not accurate.