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RattanIndia Finance Personal Loan EMI Calculator

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Personal Loan Interest Rate Comparison of different Banks

Banks/NBFCs Interest Rates(p.a.)
HDFC Bank 10.85% onwards
Axis Bank 11.25% onwards
Kotak Mahindra Bank 10.99% onwards
ICICI Bank 10.85% onwards

How RattanIndia Finance Personal Loan EMI Calculator Functions

An individual can easily know his/her EMI payout by using the RattanIndia Finance personal loan EMI calculator. Alternatively, you can also check EMI payout by using the Paisabazaar personal loan EMI calculator. The easy to use calculator helps you to know your future EMIs in advance so that you can manage your expenses accordingly. You simply have to select the desired loan amount, tenure and interest rate to know your EMIs.

Thus, an EMI calculator functions on the basis of the following 3 key parameters:

  • Loan Amount: Loan amount/ principal is the amount of money that you borrow from the lender. You can avail a personal loan ranging between Rs. 1 lakh to Rs. 25 lakh from RattanIndia Finance. Generally, as the loan amount increases, the EMI payout also increases and vice versa.
  • Tenure: It is the period over which you can repay your loan. RattanIndia Finance personal loans come with repayment tenure ranging between 12 to 72 months which borrowers can choose as per their own convenience. A longer tenure usually results in lower EMI payouts and vice versa.
  • Interest Rate: It is the rate at which the lender charges interest on the amount borrowed. RattanIndia Finance personal loan interest rate starts at 13.50% p.a. A higher interest rate generally translates into higher EMI payouts.

RattanIndia Finance Personal Loan EMI Calculation

Given below are different possible EMI payouts with varying combinations of loan amount, tenure and interest rate.

Loan Amount (Rs.) Interest Rate (p.a.) Tenure (months) EMI (Rs./month)
1 lakh 15% 12 9,026
2  lakh 16% 24 9,793
3 lakh 14% 36 10,253
4 lakh 17% 48 11,542
5 lakh 18% 60 12,697

Charges Levied on Non Payment of EMI

The following charges may be levied in case RattanIndia Finance personal loan EMIs are not paid on time:

Particulars Charges
ECS Failure Charges / Cheque Return Charges Rs. 600 per instance
Late payment/Penal charges 2% p.m. on the actuals and maximum of Rs 300 (whichever is higher)
Accrued Interest As applicable based on actual delayed status or as communicated by the lender from time to time.

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Factors Affecting RattanIndia Finance Personal Loan EMI

Key factors which affect RattanIndia Finance personal loan EMIs are given below:

  • Loan Amount: It refers to the principal amount that you borrow from RattanIndia Finance. The EMI payable generally increases with an increase in the loan amount and vice versa.
  • Loan Tenure: It refers to the repayment period of your RattanIndia Finance personal loan. A shorter tenure generally means higher EMI payouts and vice versa. However, it may help you save on the overall interest payout of the loan.
  • Interest Rate: It refers to the rate at which RattanIndia Finance offers a personal loan. The EMI payout generally increases with an increase in the interest rate and vice versa.
  • Interest Calculation Method: The interest calculation method used by the lender also affects the EMI amount. Generally, EMIs calculated using the reducing balance method are slightly lower than those calculated using the flat rate method, if the loan parameters remain the same.

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Personal Loan for
All Your Needs

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Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Easy personal loan available

Took personal loan. Good experience.

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There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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