Financial calculation is vital whether you are going for investments or planning to avail a loan. It enables you to identify the right amount, rate of interest, and a suitable tenor.
Two primary financial calculators include SIP calculator and personal loan calculator. While SIP calculator helps an investor in estimating possible returns on mutual fund investments undertaken through a Systematic Investment Plan, the latter helps to calculate monthly installments on a specific loan amount. It allows a borrower to plan properly and repay loans in time. Other details related to these calculators are as follows. Using personal loan calculator - The calculation requires inputs based on three parameters.
Advantages The benefits of using a personal loan calculator when applying for a loan are manifold.
Additional Read: Know How To Use Common Financial Calculators
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |