To know your Navi personal loan EMI, you can use our Navi loan EMI Calculator. The calculator is easy to use and generates accurate result in no time. Knowing your EMI helps you manage your finances in a better way.
If you want to find out your monthly equated instalments for Navi personal loan quickly, follow the steps mentioned below:
Along with the monthly instalment outgo, our Navi EMI Calculator also provides total interest and total payment value.
To calculate Navi personal loan EMI using the formula, you will need three essential parameters of the loan, i.e. the principal loan amount, the rate of interest, and repayment tenure (in months).
Calculating your loan EMI amount requires a specific formula, i.e. [PXRX(1+R)^N]/[(1+R)^N-1]
R = Interest Rate On Loan Amount
EMI = Equated Monthly Instalment
N = Tenure For Repayment
P = The Principal Amount
Know in detail: Simple Interest Formula Calculation
Following are the benefits of using the Navi personal loan EMI calculator:
You can enter various combinations of the principal loan amount, interest rate and tenure of repayment in the calculator. Entering different parameters will provide different EMI results. You can then check for the available options of banks that provide EMIs based on your budget. For example if you want to pay low EMIs, you can look out for a bank that offers low rate of interest for long tenure and high loan amount. That way you can use the Navi personal loan EMI calculator to estimate an EMI that fits your budget.
Some of the ways you can plan out your EMI payments using the Navi personal loan EMI calculator are given below:
Prepayment of Loan: One of the benefits of using the Navi EMI calculator is that it enables you to check how much you can save if you opt for loan prepayment. Prepayment of loan is an easy way to reduce the EMI to be paid every month.
Extending Loan Tenure: Another way to reduce your EMI payments would be to extend your loan tenure itself. Using the Navi loan calculator, you can increase your tenure until your EMI payment comes down to a reasonable budget.
Opt for Floating Interest Rate: You can also reduce your EMI payments by opting for a floating rate of interest over a fixed one. By doing so, you can take advantage of the changes in lending rates. Even a slight change in the rate could save you a lot of money. Use the Personal Loan EMI calculator to see the fixed rate for your personal loan and compare it to floating rate of interest.
Below is the EMI for Rs. 5 Lakhs Personal Loan amount at 9.99% rate of interest for tenure of 72 months.
You will need to enter the required loan amount, applicable interest rates and repayment tenure to calculate Navi personal loan EMI using the EMI calculator.
You can get a maximum loan amount of up to Rs. 20,00,000 from Navi as a personal loan.
Navi persona loan interest rates vary from 9.99% to 45% per annum.
Navi personal loan can be repaid within a tenure of 3 to 72 months
You need minimum household income of at least Rs.3,00,000 to get Navi personal loan.