Did you know that using the EMI calculator excel, you can calculate monthly EMI for an upcoming personal loan? Yes, it is possible to use the EMI calculator excel and do that manually.
Other than the online personal loan EMI calculator, an EMI calculator excel can also be used. The use of EMI calculators depends on the user. Do you wish to know more? Go ahead and read this quick post! How to use the EMI calculator excel? The formula for calculating the EMI using excel is =PMT (RATE, NPER, PV, FV, TYPE) Other than PMT, all other elements in the formula require assigned values as they are variables. They denote the particulars of loans. Hence, they must be chosen carefully to get the correct results. The breakdown of the variables in the formula is:
Calculating the personal loan EMI using the above formula could be complicated and tricky. There is a higher probability of a prospective applicant making errors and unable to calculate the exact EMI amount is more. It is where the EMI calculator excel formula is not used by many these days. The facility of the easy to use and accurate results providing personal loan EMI calculator is more convenient and less time-consuming. The facility is available on a leading lender’s website for free and 24x7. One can arrive at the right EMI amount and indulge in the efficient financial planning. Bajaj Finserv comes with pre-approved offers on personal loans, home loans, business loans and more. It is to ease off the processing of the loan. You can check your pre-approved loan offers today by sharing your basic details such as your name and mobile number.
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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. |