• Digital DSA

    Flexible EMI Planner

    Current EMI

    ₹ 8,439

    Total Amount

    (Principal + Interest)

    ₹ 15,18,943

    Total Tenure

    (Months)

    180

    Total Interest

    ₹ 5,18,943

    Loan Information

    How to use ?

    Flex that EMI, Baby! 🤑💸

    Tired of being a slave to your loan? ⛓️ Let's break those shackles! 💪

    Step 1: Spill the Tea ☕️

    • Who are you? 🕵️‍♀️ Occupation matters!
    • How old are you? 🎂 Age is just a number, right?
    • How much do you owe? 💸 Be honest, we won't judge.
    • What's the interest rate? 🤔 Don't blame us for the math!
    • How long until freedom? ⏳ Tick tock...
    • Loan birthday? 🎂 Who cares? 🤪

    Step 2: Check Your Wallet 👛

    See that number? 😱 That's your current EMI. Ouch. 🤕

    Step 3: Get Creative! 🎉

    Click "Next" and let's play with numbers! 🔢

    • Option 1: Steady Eddie 📈

      • Increase your EMI a little every year. Small steps, big rewards! 🐢🚀

    • Option 2: Every Other Year? Why Not? 🔄

      • Boost your EMI every two years. It's like a mini-challenge! 💪

    • Option 3: You're the Boss! 😎

      • Pick your own EMI and start date. Rule your financial world! 👑

    Step 4: Tweak and Peek 👀

    Want to change the date? 📅 No problem!

    Want to change the amount? 💰 Go wild!

    Want to see the magic happen? 🪄 Click "Add Row"!

    Step 5: Judge, Jury, and Executioner ⚖️

    Like what you see? 🎉

    Don't like it? ❌ Delete and try again!

    Want more options? ➕ Add a row!

    Step 6: Freedom is Coming! 🚀

    See how your changes affect your interest and time to freedom. Less interest = more money for fun! 💰🥳

    Remember
    This isn't rocket science, but it can feel like it! 🤯 Take your time, have fun, and watch your financial future bloom! 🌸

    Frequently asked questions

    What is the Flexible EMI Planner?

    The Flexible EMI Planner is a tool that helps you understand the impact of changing your EMI amounts on your existing loan’s tenure and interest. You can adjust your EMIs based on your financial situation and see the immediate effects.

    How do I use the Flexible EMI Planner?

    Start by entering your occupation, current age, loan amount, current interest rate, loan tenure, and loan start date. On the next page, choose how you would like to change your EMI: annually, biennially, or by setting your own custom amounts and start dates. Enter the required details and click "Add row" to see the impact on your loan.

    What options do I have for changing my EMI?

    You have three options:

    • Increase EMI every year by a fixed amount or percentage.
    • Increase EMI every two years by a fixed amount or percentage.
    • Select your own EMI amounts and start dates, allowing for flexible increases or decreases as needed.
    Can I lower my EMI using this tool?

    Yes, you can lower your EMI using the third option, "I will select my own amount and start date." However, the system will ensure that the reduced EMI does not extend your loan tenure beyond 30 years or the maximum age limit for repayment based on your occupation.

    Why should I use the Flexible EMI Planner?

    The Flexible EMI Planner allows you to tailor your EMI payments to match your financial capacity and goals. Whether you want to increase your EMIs regularly or adjust them based on your financial situation, this tool helps you manage your loan efficiently, potentially saving on interest and optimizing your repayment schedule.

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