Use InCred EMI Calculator for accurate calculations
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InCred offers several loans to their customers, including Personal Loans, Education Loans, Business Loans, etc. Among all other provided services, its Personal Loan has gained popularity in the market because of its attractive interest rate, flexible repayment tenure and option to pay the loan in easy EMIs. Moreover, there is an InCred Personal Loan EMI calculator available on its official website which allows people to calculate the value of EMIs they will be required to pay monthly. By using an InCred Personal Loan EMI calculator on Bajaj Markets, you will be able to determine the amount of money needed, which will permit you to efficiently manage your monthly expenses.
Month |
Opening principal outstanding |
Interest paid |
Principal repaid |
Resulting principal outstanding |
1 |
Rs. 2,00,000 |
Rs. 4,667 |
Rs. 31,441 |
Rs. 1,68,559 |
2 |
Rs. 1,68,559 |
Rs. 3,933 |
Rs. 32,175 |
Rs. 1,36,384 |
3 |
Rs. 1,36,384 |
Rs. 3,182 |
Rs. 32,926 |
Rs. 1,03,458 |
4 |
Rs. 1,03,458 |
Rs. 2,414 |
Rs. 33,694 |
Rs. 69,764 |
5 |
Rs. 69,764 |
Rs. 1,628 |
Rs. 34,480 |
Rs. 35,284 |
6 |
Rs. 35,284 |
Rs. 823 |
Rs. 35,285 |
Rs.0 |
1. Online Mode
Net Banking: You may use NEFT, RTGS, or IMPS methods to pay your EMI easily, as these are one of the more convenient and secure ways to do any kind of transaction.
Credit/Debit Card: You also have an option to use your debit or credit card to pay the instalment.
2. Offline Mode
Cash: Cash is one of the most used offline methods for EMIs. Paying InCred Personal Loan EMIs in cash is a time-honoured process that gives you a feeling of security since you are engaging in a physical transaction.
Cheque: Another alternative is to use a cheque. Moreover, all cheque transactions are automatically generated in your passbook, making it easy to refer to in the future.
You may choose to prepay your loan amount to lower your overall EMI burden. This is because, when you opt for this facility, your principal sum reduces. However, note that you may have to pay a certain fee when choosing this option, which comes at the discretion of the financial institution. Thus, consider having a thorough talk with the lender before proceeding.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
FAQs on InCred Personal Loan EMI Calculator
How do you repay an InCred Loan?
You can choose to repay your InCred personal loan either online, through net banking or mobile wallets, or other UPI apps.
How is InCred personal loan EMI calculated?
Your InCred personal loan EMI is calculated by using the loan amount you wish to borrow, loan tenure and rate of interest.
