EMI Calculator for Overseas Education Loans

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EMI Calculator for Overseas Education Loans
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What is meant by EMI?

• A fixed monthly amount that needs to be paid by
  the borrower to the lender for loan repayment is
  known as Equated Monthly Instalment or EMI.

• EMI Installment of Principal Amount Interest

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• The EMI calculator for overseas education loan
  helps you effectively visualize the EMI, and
  thereby the total amount to be paid by you to the
  bank through the combined effect of the rate of
  interest and the loan tenure on the principal
  amount.

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• The Benefit of Using an EMI Calculator

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• The Loan amount that you apply for must be
  limited by your ability to repay the installments
  throughout the Loan tenure.
• Rate of Interest It is ultimately the interest
  rate that determines the total amount that you
  need to repay.
• Loan Tenure Longer the loan tenure, smaller is
  the EMI amount, but higher is the interest amount
  that needs to be paid. Shorter the loan tenure,
  higher the EMI, but lesser is the interest that
  you pay to the bank.

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Visit here www.elanloans.com
Our Address 'Krishna, Plot No. 10/2, I.T. Park,
Opp. V.N.I.T, Behind Infotech Tower, Parsodi
Nagpur, Maharashtra, India- 440022
Email info_at_elanloans.com Contact No 91 74477
57842