Checkloan - Loan Instant Personal & EMI Calculator

Checkloan is Calculate monthly payment EMI, Total Interest and Total Payment (Principal + Interest)

EMI Calculator
- Easy and fast way to calculate your Loan EMI
- Easy option available to compare between two loans
- Representation of payment split up in the table form
- Calculate EMI on monthly basis
- Maintain history of different loan and view them at any time

Product Characteristics:

- Minimum period for repayment = 3 months (90 days)
- Maximum period for repayment = 60 months

INTEREST CALCULATION EXAMPLE:
Loan amount: ₹ 30,000 at interest rate of 33% p.a.
Tenure: 62 Days.
Processing Fees: Rs. 1000.
GST: Rs. 180 (18%).
Deductibles: (Processing Fees + GST) = 1000+180= Rs. 1180.
Cash in hand: (Loan Amount - Deductibles) = (30000 - 1180) = Rs. 28820.
Total Interest Amount= Rs. 1650.
Total repayable Amount: Rs. 31650.
EMI: Rs. 15,825

INTEREST AND OTHER APPLICABLE CHARGES.
1.Annual Percentage Rate (APR) – 30%-33%, depending on customer profile.
2.Processing fees – Rs. 500 – Rs. 1449, depending on the loan amount.

Who are eligible for loans?
1.Indian Resident
2.21-45 years old
3.Source of a monthly income
4.Have an active bank accounts

- Is my data safe with Checkloan?
Yes, your data is safe with us. It is transferred over a secure connection and we do not share it with anyone without your consent.

DISCLAIMER:
The lenders we connect you with DO NOT offer short term loans.
Repayment Details are detailed & simulated below.
The min APR is 12% and max APR is 30% in India. The app and its operators are NOT lenders, don’t make credit decisions or loan decisions, do not endorse lenders and do NOT represent, broker for or serve as agents for any lender.