Taking a loan can be a powerful step toward achieving financial goals—whether it’s covering emergency expenses, upgrading your lifestyle, or investing in education. But many borrowers make the mistake of taking more than they actually need. The result? Unnecessary debt, higher EMIs, and financial stress. With Vizzve Instant Loans, you can borrow smartly by first learning how to calculate the right loan amount.
Why Calculating the Right Loan Amount Matters
Avoids Over-Borrowing – Prevents unnecessary interest payments.
Keeps EMIs Affordable – Ensures you can repay without strain.
Improves Credit Score – Timely repayments build financial credibility.
Supports Smart Goals – Borrow only what aligns with your actual needs.
Steps to Calculate the Right Loan Amount with Vizzve
1. Assess Your Exact Requirement
Identify whether it’s for medical needs, education, home rent, or lifestyle upgrades.
Write down the total estimated cost.
2. Consider Your Monthly Income
Follow the 30% EMI Rule: Your EMIs should not exceed 30% of your monthly salary.
Example: If you earn ₹40,000/month, keep your EMI ≤ ₹12,000.
3. Factor in Existing Liabilities
Check if you already have credit card dues, EMIs, or other loans.
Adjust your borrowing amount accordingly.
4. Calculate Tenure vs. Repayment
Longer tenure = smaller EMIs, but higher interest.
Shorter tenure = higher EMIs, but lower total interest.
Choose wisely based on income stability.
5. Use Vizzve’s Digital Loan Calculator
Instantly check your eligibility, loan amount, EMI, and repayment schedule.
This helps avoid guesswork and ensures accurate planning.
Smart Borrowing Example
👉 Suppose you need ₹1,20,000 for a certification course.
Monthly Income: ₹50,000
EMI Limit (30% Rule): ₹15,000
If tenure = 12 months → EMI fits well within limit.
✅ This is a safe borrowing decision with Vizzve.
Why Borrow with Vizzve?
Quick Approvals – Get loans in minutes.
Flexible Repayment – Choose a plan that fits your lifestyle.
No Hidden Charges – 100% transparency.
Credit Score Friendly – Timely repayments improve your financial profile.
FAQs
Q1: How do I know the exact loan amount I should borrow with Vizzve?
Calculate your actual need, ensure EMIs don’t exceed 30% of your income, and use Vizzve’s calculator.
Q2: What happens if I borrow more than I need?
You’ll pay unnecessary interest and may struggle with EMIs.
Q3: Can first-time borrowers calculate their right loan amount with Vizzve?
Yes! Vizzve’s digital tools make it easy for both first-timers and experienced borrowers.
Q4: Does borrowing less improve my chances of approval?
Yes, borrowing a practical amount often results in faster approval and smoother repayment.
Published on : 23rd August
Published by : SMITA
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