{"id":6257,"date":"2017-03-10T09:02:00","date_gmt":"2017-03-10T09:02:00","guid":{"rendered":"\/blog\/?p=6257"},"modified":"2023-06-22T13:05:04","modified_gmt":"2023-06-22T13:05:04","slug":"emi-calculator-the-only-advisor-you-need-before-availing-a-loan","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/personal-use-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/","title":{"rendered":"EMI Calculator: The Only Advisor You Need before Availing a Loan"},"content":{"rendered":"\n<p>When Gautam decided to apply for a personal loan, everyone gave him financial advice. His uncle told him to use his savings instead. His friend told him to take a <a href=\"https:\/\/tata-blog.osian.dev\/personal-loan.html\" target=\"_blank\" rel=\"noreferrer noopener\">personal loan <\/a>and use any excess to go on a holiday. His boss told him to opt for a new <a href=\"https:\/\/tata-blog.osian.dev\/tata-cards.html\" target=\"_blank\" rel=\"noreferrer noopener\">credit card<\/a>. With so many different opinions, Gautam decided to research the various options given to him to find the best one. He looked at a <a href=\"https:\/\/tata-blog.osian.dev\/personal-loan\/emi-calculator.html\" target=\"_blank\" rel=\"noreferrer noopener\">personal loan equated monthly installment (EMI) calculator<\/a>. This helped him understand how much the loan would cost him, and the figures helped him make a decision. He took an affordable loan and completed his task. <\/p>\n\n\n\n<p><strong>The Benefits of Using an EMI Calculator<\/strong><\/p>\n\n\n\n<p>An EMI calculator is the only advisor\nyou need before availing a personal loan. These calculators are available\nonline and are extremely easy to work with. They tell you the exact interest\namount you will have to pay on each EMI, giving you a complete picture of how\nmuch the loan can cost you. Let us take a closer look at the benefits of an EMI\ncalculator:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Convenient<\/strong>: An EMI calculator is a convenient online tool. All you have to do is enter your details and your loan requirements. You then get the data from all the loan providers and an estimate regarding your loan dynamics. The calculator tells you how much you must pay back each month and what your rate of interest on the loan will be. As it is already available online, you can find all this information quickly and right from your home. This means you do not have to meet different lenders to find suitable offers or loans. <\/li><li><strong>Quick<\/strong>: An EMI calculator is super quick to use. You can use it before you take your loan to get all the details about the loan that you need. It can give you a fair idea about the repayment structure. More importantly, it is a completely uncomplicated tool, which makes the entire process easy as well.&nbsp; &nbsp;<\/li><li><strong>Unbiased<\/strong>: An online EMI calculator is completely unbiased. It will not consider any other factor while decoding your EMI dynamics. It will give you the accurate results after you feed in your information. This can also help you make the right choice as all the important information is right in front of you. <\/li><li><strong>Loan Specific<\/strong>: The EMI calculator calculates the EMIs for each loan. So, there is no room for confusion related to the many other loans available. You can get the figures for each loan that you have taken and organise your finances accordingly. All you have to do is enter the details of all your loans under separate heads. Then keep a tab on the final figures. <\/li><\/ul>\n\n\n\n<p><strong>The Bottom Line <\/strong><\/p>\n\n\n\n<p>It is wise to use an EMI calculator before you take a personal loan. The calculator will give you an accurate idea about your monthly EMI liability. If the amount seems too big, you can opt for a smaller loan. It also helps you figure out an ideal loan repayment tenure. The main aim of using an EMI calculator is to see whether the loan is affordable. However, remember that a personal loan should be viewed as a financial option only when you need it and if you are sure you can repay it.<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background\" href=\"https:\/\/tata-blog.osian.dev\/online\/loans\/personal-loans\/apply-now-personal-loan#!\">Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>When Gautam decided to apply for a personal loan, everyone gave him financial advice. His uncle told him to use his savings instead.<\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/personal-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":6258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-6257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-use-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EMI Calculator: The Only Advisor You Need before Availing a Loan - TATA Capital Blog<\/title>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMI Calculator: The Only Advisor You Need before Availing a Loan - TATA Capital Blog\" \/>\n<meta property=\"og:description\" content=\"When Gautam decided to apply for a personal loan, everyone gave him financial advice. His uncle told him to use his savings instead. Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-10T09:02:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-22T13:05:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/01\/personal-loan-emi-calculator.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"348\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/\",\"name\":\"EMI Calculator: The Only Advisor You Need before Availing a Loan - TATA Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2017-03-10T09:02:00+00:00\",\"dateModified\":\"2023-06-22T13:05:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/emi-calculator-the-only-advisor-you-need-before-availing-a-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EMI Calculator: The Only Advisor You Need before Availing a Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EMI Calculator: The Only Advisor You Need before Availing a Loan - TATA Capital Blog","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"EMI Calculator: The Only Advisor You Need before Availing a Loan - TATA Capital Blog","og_description":"When Gautam decided to apply for a personal loan, everyone gave him financial advice. 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