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An interest rate calculator helps you quickly determine the interest charges on a loan based on the loan amount, interest rate, and tenure. This tool allows you to assess how different interest rates affect your total repayment, ensuring you choose the most cost-effective loan. Whether you are comparing personal loans, home loans, or car loans, using an interest rate calculator gives you clear insight into the financial impact of different interest rates. By calculating your potential interest payments, you can make better financial decisions before committing to any loan.
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