Factors directly affecting your EMI

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Factors directly affecting your EMI
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• Loan amount

• The loan amount is the most essential factor
  which can affect your EMI. Lets see how. If you
  take a low principal amount automatically your
  EMI will be less.
• For a huge loan amount, the EMI that you need to
  pay will also be a big amount. Choose your
  personal loan amount wisely as it can directly
  affect your EMI. 

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• Tenure

• Loan tenure is the duration for which you take
  the loan. This is also an important factor that
  affects your EMI. Suppose you take a long tenure,
  eventually, your loan amount is divided by the
  number of months and it ends up being a less
  amount to be paid.
• However, if you go for a short tenure you need to
  pay the whole amount quickly by paying huge
  installments monthly. So, calculate your EMI
  wisely by taking the right decision regarding
  tenure. 

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• Rate of interest

• Understand, more the interest rate more will be
  your monthly installment. So shop around and
  calculate your EMI wisely. 
• The personal loan interest rate calculation may
  differ from a short loan tenure to long loan
  tenure or a floating interest rate to a fixed
  interest rate type.
• For instance, if you choose a long loan tenure,
  you may end up paying more interest outgo than a
  short tenure. So, know how your lender calculates
  the interest and choose wisely.

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• Apply Personal Loan in Chennai

• A personal loan is the best option if you need
  funds for an urgent need or a short period. It
  can be availed for any purpose. Apply for
  personal loan in Chennai online on Clix Capital
  by just filling a few personal details.
• A personal loan is easy to have from the various
  rising banks, NBFC, and other digital
  loan-providing agencies. Get personal loan online
  amount within 24 hours in your bank account at
  Clix.

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Thank You
For more information please contact
Clix Capital Services Private Limited Email
hello_at_clix.capital Mobile [phone]