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Medical Loan Calculator

What is a Medical Loan EMI Calculator?

The Medical Loan EMI calculator helps you to understand the EMI that you will pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a course of time to repay your personal loan for medical emergency. With the help of EMI calculator, you can plan your monthly instalments and pay off the loan with ease.

What does a Medical Loan EMI Stand for?

Equated Monthly Instalments (EMI) give you the convenience of paying back the Personal Loan amount in smaller instalments. The instalment consists of both the principal and interest amount.

EMI Calculator

Pre-payment Calculator

How to calculate your Medical Loan EMI using a calculator?

Enter the following information to calculate your EMI:

  • Medical Loan Amount (the loan amount you wish to get) Interest Rate (Tata Capital Medical Loan interest rate begins at 10.99%)
  • Loan Tenure (Tata Capital offers 12 - 72 months of time)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Medical Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

What is Pre-payment Calculator?

Pre-payment of a medical loan involves repaying a large instalment of your loan before the due date. The Medical Loan pre-payment calculator allows you to assess the effect of such early loan repayments on your finances including your resultant EMI, tenor etc.

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