This is the total payment received in exchange for a service as well as a reward for outstanding performance. It is usually used in reference to a person’s salary or wages. Compensation includes the following:

  • Basic pay
  • Dearness allowance
  • House rent allowance
  • Leave travel allowance
  • Overtime pay
  • Bonus
  • Perks, incentives, or commission
  • Stock options or profit sharing

Compensation or salary is an important consideration for lenders as it defines a person’s ability to repay debt. For instance, if A gets a fixed income of ₹15,000 and variable pay of ₹10,000 based on job execution in an organisation, then A’s total compensation will be ₹25,000.

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Personal Loan EMI Calculator

Skip the manual calculations. Use the Fibe EMI Calculator to accurately determine your repayment amounts, interest charges, and more.

Fibe's personal loan EMI calculator is your reliable tool to determine your loan EMI in just a few minutes and some simple steps. Fibe offers personal loan of up to Rs 5 lakhs with minimal documentation and quick processing. Coupled with interest rates as low as Rs 9/day, this is by far your most compelling credit option in the market. Calculate your monthly repayments based on your sanctioned loan amount and interest rates using this handy EMI calculator that's operate and easy to understand. With Fibe, you can even prepay your loan amount with no additional charges.

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