What does it mean?
Interest rate is the percentage amount of charge applied to the principal amount by the lender, which means that the total money owed increases to principal + Interest percentage of the principal. The lender can be banks or any financial institutions.
Bank charges can be fixed or variable, it depends on the type of the loan like mortgages, credit card bills or educational loans.
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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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