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## Applying For A Personal Loan? Use Fullerton India EMI Calculator First

Applying for a personal loan. Pixabay

By Ankit

A personal loan can be a lifesaver when you urgently need money to meet any financial obligations at hand. If you are looking for a reliable lending institution that can offer your immediate assistance, opt for the Fullerton India instant personal loan.

The best thing about this service provider is that it offers a user-friendly online portal to accept your loan request with minimal documentation requirements. To make your experience even better, it also provides a personal loan EMI calculator on top of the webpage. You can use this to estimate the amount you will need to pay in installments.

How Does a Personal Loan EMI Calculator Help?

Whenever you take a personal loan from a lending party, you need to pay it back within a predefined period. You can either pay in full (a lump-sum amount) or in installments based on your preference and suitability. Most people opt for a monthly installment option to repay the loan amount. A personal loan EMI calculator allows you to check the actual installment amount that you will need to pay. This gives you a fair idea as to whether taking a personal loan would be a feasible option or not.

To calculate your Equated Monthly Instalment (EMI), you need to have inputs like the total loan amount, total duration, and rate of interest applicable on your loans. You can easily get your final output in the form of “calculated EMI" by entering the required inputs. EMIs can also be calculated manually, however, using an online EMI calculator is more reliable and convenient as it helps to avoid any random calculation errors and give accurate results. Let's delve deeper into how the calculation takes place.

Maths Behind the Calculation

The mainstream digital or online personal loan calculators use the following formula to calculate the EMI that borrowers need to pay.

E = P * r * (1+r)n / (1+r)n-1

'E' in the above-mentioned mathematical equation stands for the monthly amount payable by the borrower (EMI).

'P' denotes the principal amount or the total loan amount borrowed from the lending party.

'r' denotes the rate of interest that will be charged on your loan monthly. It is very subjective and depends on your credit history and relationship with the lender.

'n' here signifies the total duration for which you have taken the loan, you will need to repay the borrowed amount in this course.

Let us take an example to understand the calculation process pragmatically. Suppose that a borrower 'A' has applied for a quick personal loan of Rs. 5,00,000 to be repaid within 5 years (60 months). Let's assume the interest rate charged on A's loan amount is 15%. As per the mathematical formula mentioned above, P = 5,00,000, r = 15% (0.15), n = 60. After applying the formula, EMI will be equal to Rs. 11,895.

Computing EMI using the Fullerton India EMI Calculator

The Fullerton Indian EMI calculator is an online tool that facilitates EMI calculation after taking essential inputs from you. You need to follow the below-mentioned steps to find out your EMI amount.

Step 1: Visit the Fullerton India personal loan webpage by clicking on this link.

Step 2: Navigate to the top of the page, you will find an EMI calculator

Step 3: Put in the total loan amount that you want to apply for in the 'Loan Amount' field. You can also use the slider to select your amount conveniently.

Step 4: Enter the interest rate offered to you using the same process in the 'Rate of Interest' field.

Step 5: Now add the total duration for which you will be taking the loan in the “Loan Tenure' field.

After you have completed the above steps, you will be able to easily find out the amount (EMI) that you will need to repay every month. You can put different values in the loan amount, rate of interest, and loan tenure field to find out EMIs for those values. You can easily click on the 'Apply for Personal Loan' button available next to the calculated EMI section for loan inquiry.

ALSO READ: Are Instant Personal Loans In India Easily Available

Why Opt for a Personal Loan?

Personal loans do not restrict the borrower as to how they can use the funds. You can use it to pay an emergency medical bill, tuition fees, home renovation, vacation, etc. The flexibility offered by a personal loan is unmatched, making it an excellent choice for managing current financial needs. In addition to this, personal loans are unsecured, meaning you do not have to pledge any security to borrow the loan amount. This is a boon for borrowers who don't have any security to borrow funds. Given the current pandemic scenario, one can consider opting for a personal loan to finance any emergency expenses, including your medical bill.

## Hiking Destinations In Kashmir

Pixabay

Kashmir's natural splendour, with its beautiful valleys and towering mountains, is really unlike anywhere.

Along with the undeniable natural beauty, the Kashmir valley has developed a reputation for adventurous activities like trekking, hiking, and river rafting. Kashmir has maintained its charm, allowing us to time-travel into beautiful destinations which make one forget about the stress and worries of life. The hikes in Kashmir offer adventurers to go on a self-discovery trip through nature's lap over the mountains while taking in the breathtaking scenery that surrounds them on their journey. In addition to the hikes, there are many thrilling adventure activities, like rock climbing, rope climbing, etc. Trekking across the region of mountains and lakes will allow you to experience living in the "Paradise on Earth," and you wouldn't want to return to your regular life after that.

The following are some of the finest hiking destinations in Kashmir:

#1: Kashmir Great Lakes Trek: You will be transported to a heavenly and unseen aspect of Kashmir on the Kashmir Great Lakes Trek. In addition to three high-altitude passes and five river valley crossings, this is the only trip in the Himalayas that includes seven alpine lakes, each of which is a stunning shade of green, blue, or turquoise. The extravagance is limitless and breathtakingly stunning every day: infinite blue sky, a larger-than-life backdrop of the Rocky Mountains, colourful meadows overflowing with wildflowers, river crossings are just a few examples of what you will encounter during the trek.

You will be transported to a heavenly and unseen aspect of Kashmir on the Kashmir Great Lakes Trek. | Photo by prayer flags on Unsplash

#2: Sonamarg-Vishansar-Bandipora Trek: The Sonamarg-Vishansar-Bandipora trek is a one-of-a-kind experience that provides a glimpse into Kashmir's undiscovered regions. Sonamarg, famously known as the Meadows of Gold, is the starting point for this fascinating journey that is the perfect experience for anyone looking to get away from the frantic tourist rush. This trek is a fascinating journey that allows nature enthusiasts to bask in the splendour of nature's grandeur. The trek goes over many high mountain passes, some as high as 4000 metres in elevation. The hiking route, in addition to providing breathtaking views of the magnificent Vishansar Lake, provides visitors with the chance to see more than 50 alpine lakes.

Sonamarg, famously known as the Meadows of Gold, is the starting point for this fascinating journey. | Photo by YASER NABI MIR on Unsplash

#3: Tral-Narastan-Marsar Trek: The Tral-Narastan-Marsar trek is filled with a range of exciting experiences from beginning to end. The hiking trail passes past a waving saffron field, beautiful meadows, and several streams. The path also crosses the Dachigam National Park, where there is an opportunity to see various animal species. Trekkers may take in spectacular views of the high mountains running parallel to them as they cut and pass through Narastan, a Hindu pilgrimage place.

The Tral-Narastan-Marsar trek is filled with a range of exciting experiences from beginning to end. | Wikimedia Commons

#4: Chhatargul-Mahlish-Gangabal: The journey, which passes through beautiful locations such as Chattargul, Mahlish, Kolsar, and Trunkul, provides a peek into an utterly uninhabited wilderness of Kashmir. There are lakes and meadows adorned with flowers along the route as one trek into the alpine wilderness. Trekkers can also enjoy fishing in the crystal clear lakes, camping, or just seeing towering snow-capped mountains while on their journey.

There are lakes and meadows adorned with flowers along the route as one treks into the alpine wilderness. | Wikimedia Commons

#5: Kolahoi Base Camp Trek: The Kolahoi Base Camp trek in Kashmir has been famous since the early 1900s and has been a goal for many seasoned hikers from across the world. While Srinagar serves as the beginning point for the trip, it is in Aru Valley that the actual hiking begins. The Kolahoi Base Camp Trek is a gentle adventure that is ideal for novices and families with children. The breathtaking sight of the peaks rising into the sky on the horizon of the Pirpanjal and Karakoram ranges is certainly worth capturing. It is considered to be one of the most popular treks in the Kashmir valley.

The Kolahoi Base Camp Trek is a gentle adventure that is ideal for novices and families with children. | Wikimedia Commons

Kashmir's natural splendour, with its beautiful valleys and towering mountains, is really unlike anywhere. Trekking through various valleys and peaks while taking in the scenic beauty is something that always calms the heart and provides us with memories that we will remember for a lifetime.

Keywords: Kashmir, Lakes, Alpine, Hiking, Trekking, Treks, Sonamarg, Gangabal, Kolahoi, Chhatargul, Mahlish, Tral, Narastan, Marsar

## The Importance of Pitru Paksha

Photo by Wikimedia Commons.

Pind Daan at Jagannath Ghat, Kolkata.

The Pitru Paksha starts after the Full Moon day, and this day marks the beginning of the waning phase of the Lunar cycle. This event is roughly of 15-day period, and is of great significance. From this day, rituals like Tarpan or Tarpanam and Shradh are carried out to pay respects to dead relatives and ancestors.

It is believed that from the very first day till the last day, the unhappy souls of the deceased return to the Earth to see their family members. So, in order to ensure that the dead attain Moksha, i.e. to get liberation, family members of these souls quench their thirst and satisfy their hunger by performing the Pind Daan, which includes offering food consisting of cooked rice and black sesame seeds. The literal meaning of Pind Daan is the act of satisfying those who no longer exist physically.

For fifteen days, prayers are offered in temples and rituals are performed to help the souls get free from the cycle of birth, life, and death, and attain salvation.

At the same time, the Pitru Paksha is also an important period for people with Pitru Dosha, which means the curse imposed by the ancestors. Hence, in order to ask forgiveness, people perform Shradh rituals and offer food to the crows, who are considered as living beings that represent the dead. It is believed, if the crow eats the offered food, the ancestors are happy and pleased. But, if the crow doesn't eat the offered food and flies away, the ancestors are not happy.

The event of Pitru Paksha is widely observed by Hindus from all over the world, and they perform prayers and rituals in order to gain their ancestors blessings.

## Bangalore's Colonial History Preserved In Cubbon Park

wikimedia commons

Cubbon Park is a lush green garden at the heart of Bangalore

At the heart of Bangalore city, a large 300-acre space of lush greenery and heritage stands as a symbol of the city's past, present, and future. Cubbon Park is every child's favourite park, every Bangalorean's haven of fresh air, and altogether, the city's pride.

It stands testament to the past, in terms of the diversity of flora it houses. Bangalore traffic in the recent past has grown into a menace, but the stretch between MG Road and Cubbon Park is always a pleasurable place to stop and wait for the signal to turn green. The gust of wind that blows here, and the smell of mud, coupled with floral scents instantly transports citizens to Old Bangalore, where the weather was fine, and the trees loomed over roads with thick canopies that did not even allow rainwater to penetrate. Cubbon Park is also a historical site, and one of the few remaining monuments of colonial heritage in Central Bangalore. It houses many statues and among them, the most famous is that of Queen Victoria, which faces the St. Mark's Square.

The stretch outside Cubbon Park is cool and well-shaded from the canopy of trees over it. Image source: wikimedia commons

At present, Cubbon Park is known for the cultural hub that it is. It houses Jawahar Bal Bhavan, which is a large theatre that hosts film festivals through the year. Festivals, poetry open mics, and other such shows are conducted on the lawns every Sunday. A small stream runs through the park, where boat rides are held occasionally when the water level is high enough. There is a children's park on one corner, and a government-maintained aquarium, two-storeys tall, with exotic fish.

The Park has been renamed many times in the past. It was originally named Meade's Park, after Sir John Meade, the acting commissioner of Mysore in 1870. It was later changed to Cubbon Park after Sir Mark Cubbon, who was the longest-serving commissioner of the Mysore state. In 1927, the park was renamed after the Mysore Maharaja Sri Krishna Wodeyar, to celebrate his silver jubilee, since the park was developed during the reign of his ancestors. Even though it is officially named Sri Chamrajendra Park, it is still known as Cubbon Park all over the city. In fact, Bangalore was alluded the sobriquet of 'Garden City' because of the rich botanical diversity of this park.

Art Installation at Cubbon Park Image source: wikimedia commons

In many parts of the country, governments have renamed structures, places, and cities to remove traces of colonialism. But, in a city like Bangalore, there is too much evidence of the British rule. Many of the most prominent attractions of the city are known by their British identities despite the change in name. Even the city's name continues to be Bangalore, despite having been changed to Bengaluru. Last year, the British era and its achievements were celebrated in Cubbon Park when Sir Mark Cubbon's statue was moved from the grounds of the Karnataka High Court and placed in the Park.

Keywords: Cubbon Park, Mark Cubbon, British Colonialism, Cultural hub, Garden City