Personal Loan Calculator
To all those hard-working entrepreneurs who feel unwanted, rejoice! We hear you and the result is this brand new personal loan eligibility calculator for the self-employed. We take in your incomes (that's right, we said incomes) from your business, from other sources such as rent, regular tax exempt income, AND depreciation to calculate your total income. Next, we deduct your financial commitments to existing outstandings. It is this figure that we use to calculate if you are eligible for the loan amount that you are looking for. The user-friendly sliders will make it easy for you to make the fine adjustments to your numbers. Once that is done, the result is shown as a bar chart - the green one giving you the maximum amount you are eligible for, and the orange one depicting the amount you applied for. Here again you have the freedom to play around with the numbers using the sliders. In short, your eligibility is totally dependent on your own inputs. We just do the calculations. We intend this calculator to give you an objective idea of the amount you could be eligible for. Consider this: Once you know your eligibility, you can negotiate with banks for the most appropriate deal.
Note: All calculators and comparators are made based on certain assumptions which may not be true in your case. You should consult your personal financial advisor before taking any decision. Apnaloan disclaims any responsibility for any decision taken based on these calculators and comparators.