A guarantor, meaning a person who signs up to repay a loan if the primary borrower cannot, is a term most often used in relation to borrowing. However, a guarantor can also corroborate the identity of a person, for instance, if you are looking to get a job.
In the financial sense, the guarantor definition is simple: it refers to the person who may attach his or her assets as security for a loan and is liable for repayment in case you are unable to repay. However, the guarantor does not have any claims towards the asset you, as the borrower, are purchasing.
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.Get instant loan and also 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.
Your EMI Amount is
₹
13,107
Loan Amount
₹145,000
Min
Max
₹8,000
₹10,00,000
Interest rate
14%
12
30
Select EMI option
12 Months
3
36
Months
Months