How Loan Calculators Are Helpful As Financial Planning Tools

Lanaalahmari28 Apr, 2022Finance

If the amount of the EMI is too much, than the tenure can be increased and the EMI showed by the loan calculator checked. The result will indicate the new tenure in terms of the monthly EMI. Remember that increasing tenure means additional interest being added on. This would increase the overall amount to be rapid. The calculator efficiently works this out. Trying to do this manually is a problem and, at best, may give inaccurate results. Now, working with results which are not correct may lead to problems.