Eligibility Criteria and Loan Calculator

Eligibility
Criteria

To qualify for a personal loan through World Of Finance, applicants must meet the following criteria:

Employment Status:

Employees of private sector companies.
Employees of public sector undertakings (PSUs), including central, state, and local government bodies.

Age Requirement:

Applicants must be between 21 and 60 years of age at the time of loan application.

Job Tenure:

A minimum of 2 years of overall employment experience is required, with at least 1 year of service in the current organization.

Income Requirement:

Applicants must have a minimum net monthly income of ₹25,000.

Meeting these criteria can help streamline your personal loan approval process. If you fit these eligibility requirements, you can easily calculate your loan potential using our Personal Loan Calculator.

QUICK & ACCURATE EMI ESTIMATESCalculate your
EMI

Easily calculate your personal loan EMIs with World Of Finance’s user-friendly EMI Calculator. Get instant, accurate EMI estimates and explore flexible repayment options tailored to your needs.

Billable Project Days

Select how much consultancy you need and the type of consultancy.

Type of counselling

Company size

Days of Counselling

Number of Counsellors

Full day counselling

Annual Operating costs

Type in how much do you spend annually on each of these items.

Advertising & Marketing

Equipment & Hardware

Training & Education

Insurance

Professional Fees

Additional Consulting Options

Additional options that include stationary, books or counselling prospects.

Include Books

Include Prospects

Include Stationary

Total£

Set costs

Plan your budget by setting a clear cost for your personal loan. Enter the loan amount, interest rate, and tenure to get an accurate estimate of your monthly payments

Calculate

Use our Personal Loan EMI Calculator to instantly compute your monthly installments. Adjust your inputs to find a repayment plan that fits your financial goals.

Have questions or need assistance with your loan? Get in touch with our expert team today for personalized guidance and support.

FREQUENTLY ASKED QUESTIONS ABOUT PERSONAL LOAN EMIS

Personal Loan
EMI FAQs

Find answers to the most common questions about personal loan EMIs, including how they are calculated, factors affecting them, and repayment options.

What is a Personal Loan EMI?

An EMI (Equated Monthly Installment) is a fixed monthly payment you make to repay your loan over a set tenure. It includes both the principal amount and interest.

How is the EMI for a Personal Loan Calculated?

The EMI is calculated using the loan amount, interest rate, and tenure. You can use the EMI formula or an online EMI calculator for quick estimates.

What Factors Impact My EMI Amount?

EMI is affected by the loan amount, interest rate, and loan tenure. Higher loan amounts and interest rates lead to higher EMIs, while longer tenures reduce the monthly payments.

Can I Prepay My Personal Loan?

Yes, most lenders allow loan prepayment, either partially or fully. Check with your lender for prepayment options and any associated fees.

Does the Interest Rate Remain Fixed During the Loan Tenure?

Personal loans may have either fixed or floating interest rates. A fixed rate stays constant, while a floating rate can change based on market conditions.

How Does Loan Tenure Affect My EMI?

A longer loan tenure reduces the monthly EMI but increases the total interest paid over time. Shorter tenures have higher EMIs but result in less interest overall.

GET THE FINANCIAL SUPPORT YOU NEED TO SUCCEEDGet Started Today

Discover how World Of Finance can help you achieve your financial goals. Contact us today for a consultation and experience a results-driven approach to financial success.