1 / 7

4 Simple Ways to Choose the Right Personal Loan Tenure

Read the presentation and know about the Ways to Choose the Right Personal Loan Tenure.Apply online for personal loan at Clix.<br>Visit: https://www.clix.capital/personal-loan/ <br>

Personal_Loan
Download Presentation

4 Simple Ways to Choose the Right Personal Loan Tenure

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 4 Simple Ways to Choose the Right Personal Loan Tenure

  2. Understand your Monthly Income • The most preferred way for determining the right personal loan tenure and EMI amount are by analyzing your spending and savings rate. • Make a list of your monthly commitments and how much you are able to save before taking the personal loan. Also, take into consideration, if you have any existing liabilities and its duration.

  3. Loan Amount • The amount you wish to borrow through personal loan has a huge influence on determining the loan tenure. For small loan amounts, like borrowing 2-3 times your monthly income, then you should aim for shorter loan tenure, as choosing a longer tenure increases your interest cost.

  4. Calculate the Interest Rates • Apart from the credit score, the loan tenure selected by you also influences the interest rate. Generally, shorter loan tenure attracts a lower interest rate and longer loan tenure attracts higher interest payments.

  5. Use a Personal Loan EMI Calculator • If you are still confused about deciding the right personal loan tenure, you can use the personal loan EMI calculator. An easy-to-access free online tool that helps you in calculating the EMI amount and deciding on the loan tenure. Use a different tenure combination to calculate the ideal EMI amount.

  6. Address: 901b, 9th Floor, Two Horizon Centre, DLF Phase V, Gurgaon, Haryana, India – 122002 Phone Number: 1800 200 9898 Email us at : hello@clix.capital Website: www.clix.capital Clix Capital Services Private Limited

More Related