- Go the Citi Bank Student Loan Calculator page
- Choose the loan amount, rate of interest, and tenor (in months)

- That’s all! You will instantly get your Citi Bank Student Loan amount along with the interest amount payable on the loan.

## What are the Advantages of a Citi Bank Student Loan Calculator?

A Citi Bank Student Loan Calculator helps you to decide whether you can afford the financial commitment of a Student Loan in the long term. If you want, you can increase or ount of loan you are taking and the time period for which you’ll be paying the EMIs.

Quick Results Applicants can easily use this calculator to calculate the EMIs that they will be liable to pay for the pre-determined tenure and interest rate that the Citi Bank Student Loans are offered, in mere seconds.

Simplicity The calculations using this EMI calculator for Citi Bank Student Loan are based on the applicant providing three key bits of information i.e. the principal amount of the loan, the applicable rate of interest and the loan tenure.

Varying Combinations With the Citi Bank Student Loan calculator, you can easily input different interest rates and tenures to look for a combination that will allow you to easily repay the principal amount, without putting undue pressure on your finances.

Free Usage The EMI-Calculators’s Citi Bank Student Loan calculator is a user-friendly Citi Bank Student Loan calculator that is available to everyone free of charge and is easy to use

## What Is a Citi Bank Student Loan Amortization Schedule?

A Citi Bank Student Loan amortization schedule is the table or record which details all the periodic payments on your loan. This is generated through an amortization calculator.

Amortization is basically the procedure of repaying a loan through regular payments over a http://badcreditloanshelp.net/payday-loans-wv/ specified period. An amortization schedule is the total tally of loan payments showing the amount of interest and principal contained in each payment, until the loan is repaid in full.

## What are the factors that impact monthly Citi Bank Student Loan?

The estimated monthly investment (EMI) depends on several factors such the amount, the tenure of the loan, and the interest rate. The estimated monthly investment (EMI) differs according to the loan type and the amount. If the interest rate of the loan is fixed, the estimated monthly investment remains fixed as well for the entire time the loan is active. The borrower can also opt for a pre-payment wherein the estimated monthly investment (EMI) gets reduced. If the interest rate is floating, the EMI is also floating.

## What is Flat/Fixed Rate of Interest? And Flat/Fixed Rate of Interest Effect your EMI for Citi Bank Student Loan?

A fixed rate of interest is one where the interest rate on a loan remains fixed throughout the loan repayment period (loan tenure). This type of interest rate is comparatively higher than a floating rate of interest. Fixed rate of interest is better for those who don’t prefer the risk of fluctuation that is an integral part of a variable interest rate. In the case of a fixed rate of interest, the loan EMI remains the same throughout the loan tenure.

The online loan EMI calculator can be used to calculate loan EMIs with a fixed rate of interest. The different Interests Rates that can be implied in a Loan contract are Fixed Interest Rate and Floating Interest Rate.

Fixed Interest Rate means interest payment on loan will be in fixed equal installments over the entire period of the loan. The interest rate will not change regardless of any market fluctuations.