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Why borrowers and lenders use EMI Calculator?

Why borrowers and lenders use EMI Calculator?
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EMI Calculator

If you have ever borrowed money in your life, whether big or small amount, according to your repaying capacity, have been be doing calculating every month how much instalments remaining. In the United States, repaying mortgage house loan to its house owner would be the common example. Both local and foreign students who obtains loans for their studies in colleges and universities would be another common example. Another examples are car loan and personal loan.

Around the world, every month, bank account of lender has been credited and bank account of borrower gets debited. Using EMI calculator, borrowers and lenders must have seen their amount, interest rate, and tenure in months. How much loan is to be repaid in next month from their income, loan calculator provides valuable financial information to the debtors. 

If readers in reader’s blog are keen to avail house loan, car loan, student loan or personal loan in future, using the loan calculator would assist them in calculating their loan amount.

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