Preplan Loan Repayments in India Using an Online Calculator

Personal Loan Calculator

Applying for a loan can be stressful – you have to make sure you have all the necessary documents and figure out how much you need to borrow and what you can afford in terms of monthly repayments. 

But what if there was a way to take some guesswork out?

With a Personal Loan EMI Calculator, commonly known as an online loan calculator, you can input your required loan amount and how much you can pay each month to get different EMI plans. It can help you apply for an instant Personal Loan and be confident about the payable EMI amount. 

In this article, we’ll explore how to use an Online Loan Calculator to pre-plan your loan repayments in India.

What is an Online Loan Calculator?

An online loan calculator is a free tool available on the websites of reputed lending institutions like Clix Capital. It can be used to pre-plan your loan repayments. This is important as it can help you budget how much you will need to repay each month and ensure that you are on track to meet your repayments.

How Does an Online Loan Calculator Work?

Based on how much you need and how much you can pay, the online loan calculator provides you with different plans, consisting of EMI, duration and interest rate. You can choose the best plan for yourself.  

Benefits of Using an Online Loan Calculator

An online loan calculator can help you plan your loan repayments and ensure that you repay your loan on time. Consider the benefits –

  1. Easy to use

An online loan calculator is easy to use. Just enter the desired loan amount and the EMI you can pay every month. 

  1. Helps you compare different scenarios 

An online loan calculator can help compare different loan scenarios. You can use the slider to change the amount required and the amount you can pay each month comfortably and see different payment plans.

  1. Helps you calculate the total interest payable 

An online loan calculator can help you calculate the total interest payable on the loan. It helps you choose a loan with a lower interest rate and save on your overall repayment.

  1. Helps you choose a flexible repayment option 

An online loan calculator can help you choose a flexible repayment option that suits your needs. You can plan your repayments systematically to avoid penalties.

How to Pre-plan Your Loan Repayments in India?

Pre-planning loan repayments is a great way to save money for those in debt. The idea is to choose a shorter tenure to get a lower interest rate. You should consider extending your loan repayments if you can afford a longer repayment period.

There are two things to keep in mind if you’re looking for an online loan calculator to help you plan your loan repayments in India:

  • First, ensure that the calculator is intended for Indian users. Many online calculators are designed for borrowers in the United States or the United Kingdom and may not be accurate for Indian loans.
  • Second, see if the calculator allows you to enter specific loan details, such as the amount you want and the amount you can pay every month. Without this information, the calculator may provide you with an inaccurate estimate for your loan.

Using an Online Loan Calculator to Pre-plan Loan Repayments – a Brief Guide

If you’re considering taking out a Personal Loan in India, it’s important to calculate your repayments in advance so you’ll know exactly how much money you’ll need to pay back each month.

There are a few online loan calculators available that make this process easy. Here’s how to use one to get started:

  1. Go to the website of your lending institution and find the loan calculator in their dropdown list.
  2. Open the online loan calculator page and enter the information required for your loans, such as the amount of money you want to borrow and the EMI you can afford to pay.
  3. Adjust the slider as per your need and see the result at the bottom of the calculator.
  4. Check out different plans (indicative) and choose the one that best suits your requirements.


Regarding loans, it is always important to be as prepared as possible. You can pre-plan your loan repayments using an online loan calculator and ensure you are on track financially. Not only will this help to simplify the repayment process, but it will also help you avoid any unexpected financial difficulties down the line. 

Use an online loan calculator today and see how much easier life can be!


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