Personal Loan EMI Calculator

Personal Loan EMI Calculator

An EMI, also known as Equated Monthly Installments, is the money that the borrower has to pay to the bank. It is the total amount borrowed by an individual divided over the months over which the amount is borrowed. The total amount includes the sum of the principal and interest. This helps the person to return the entire amount of the debt in monthly instalments instead of a single payment.

What is a Personal Loan EMI Calculator?

A personal loan EMI calculator is similar to an ordinary EMI calculator. It helps the person to calculate the interest rates, loan duration, EMIs and the loan amount that one can avail from the lender. It also assists the borrower in managing their monthly budget according to the EMIs. A Personal loan EMI calculator is readily available on most of the lending institution’s websites. It is very convenient to use and also easy to understand. If a person does not have enough knowledge of calculating the EMIs, then, they must use the EMI calculator to solve all the queries.

How Does a Personal Loan EMI Calculator Work?

You have to enter the amount of loan you need for a personal loan. Besides that, you have to enter the time for which you need a personal loan and the applicable rate of interest. It will automatically tell you the EMI that you have to give per month.

How to Calculate EMI for Personal Loan?

A person must estimate the amount of EMIs that one will have to pay before applying for any loan. It’s not that the funding institutions do not provide the amount that one will have to pay; however, knowing the Personal Loan EMI Calculator helps the person to estimate the amount of loan that one can take, the interest rate that will suit the person’s budget and so on.

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

Where,

• P is the principal amount
• R is the rate of interest
• n is the tenure period.

Take a look at the table below to get an idea of how personal loan EMIs are calculated:

Usage of Personal Loan EMI Calculator

Consumers can download the EMI Calculator in the form of an excel sheet from several online sources. These calculators help the customer to estimate the EMI amount payment that the person has to repay every month along with the rate of interest. If a borrower wishes to apply for a personal loan, then, the borrower should make use of the personal loan EMI calculator which is accessible on the website of the loan lenders.

Types of Personal Loan EMI Calculator

There are several varieties of EMI calculators available online. Some calculators just ask for the amount of loan that is wished to be availed and the preferred loan tenure, whereas, some will also ask to fill all of the information including the interest rates and then runs the simple calculations.

Factors that Affect the EMI Calculator

There are main 3 Components of a Personal Loan that affect its EMI : 

• Interest Rate: The price of interest is in direct proportion to the monthly instalment for the loan (EMI). The bank will determine your loan’s rate of interest based on several factors such as your income, your credit history, repayment capacity, etc.
• Amount on Loan: This is also directly proportional to the EMI against the loan. If one is high, the other will undoubtedly be high. The maximum amount of personal loan you can avail of is decided by the lender based on your repayment capacity, relationship with the bank, and other factors.
• Loan Tenure: This is the only component that is inversely proportional to the EMI of the loan. The longer the tenure of the loan, the lesser will be the EMI. The loan tenure options usually range between 1 to 5 years.

Pre Calculated Personal Loan EMIs

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

How to Reduce Personal Loan EMI

Here are a few tips which can help you in reducing the EMI against your loan: 

Consider your current bank for the loan: If you’re planning to get a Personal Loan, you should consider taking a loan from the bank where you have an already existing account or a mortgage. This existing loyal relationship with the bank may turn out to be advantageous to you in terms of getting a lower rate of interest on your loan, thereby reducing your monthly instalment amount.

Choose the Loan Tenure carefully: If you think the EMI that you’re paying takes up a major part of your income, you can opt for a longer loan tenure. An extended loan tenure will reduce EMI. However, you should consider all the new terms associated with a longer tenure as in most cases the interest levied will be higher when the mandate is longer.

Pick a lender that offers a Low-Interest Rate: The interest rate is one of the prime factors that decide the EMI you have to pay, so pick the lowest price available to you.

Use the Balance Transfer option: Certain lenders allow you to transfer your loan from one to another bank. You can do so if the other banks offer a lower interest rate.

Types of Personal Loan EMI Calculator

There are several varieties of EMI calculators available online. Some calculators just ask for the amount of loan that is wished to be availed and the preferred loan tenure, whereas, some will also ask to fill all of the information including the interest rates and then runs the simple calculations.

Benefits of a Personal Loan EMI Calculator

• Personal Loan EMI Calculator is quick and easy to use.
• Helps in calculating the monthly instalments based on the prospective loan amount that one wishes to borrow.
• The Personal Loan EMI Calculator can be used to obtain different quotes and compare all the lenders before applying for any loan.
• The Personal Loan EMI Calculator also helps the person to determine the maximum and minimum amount of the loan that one is eligible to borrow.
• Readily available on the web portals of all the banks.

Leading Personal Loan Providers (Click to Apply)
Citibank Personal Loan	HDFC Personal Loan	Axis Bank Personal Loan	Other Banks

Why one should apply for a Personal Loan?

1. Lowest interest rates
2. Instant Approval in 2 hours
3. Easy Documentation and flexible loan tenure.

Personal Loan EMI Eligibility

Personal Loan EMI for Salaried:

The minimum age of the applicant should be 21 years and a maximum of up to 60 years.

1. If the borrower is residing in a metropolitan city, then they should have a minimum income of Rs 18,000. And if the person is from a non-metropolitan city, then they should have a minimum salary of Rs 12,000.
2. The borrower should have the work experience of the last three years, and the salary should come in their account only.
3. If a person is applying for a personal loan, then he must have a good credit history.
4. The documentation process is easy; they have to submit their bank statement of the last three months and the salary slip of the previous six months.

Personal Loan EMI for Self-Employed:

1. If a person is self-employed then the age of the applicant should be 25 years.
2. The applicant should file ITR for the last three years.
3. The credit score of the applicant should be kind, and no debt should be left due.
4. The ITR which the applicant files should be of Rs 2.5 lakhs per annum at least.
5. And the applicant has a business that should be running for the last three years.

Advantages of Personal Loan EMI Calculator

Time-Saving

This EMI Calculator calculates EMI’s on your loan. The process is speedy. You will get to know about the EMI without wasting time. There is no need to call anybody or to go anywhere. You can check it online.

Get Rid of Tedious Calculations

By using an online EMI calculator, you can get rid of tedious and complex calculations. You will get results within a few seconds.

Pre-estimation

By using Personal Loan EMI Calculator, you can get an estimate of your EMI’s you can get the idea and decide that whether you are capable of paying EMI per month or not. This helps you to choose the amount of loan according to your budget.

EMI Calculation Using Flat Balance vs. Reducing Balance Methods

The principal loan amount is the key factor based on which the EMI on a loan varies. If the EMI is calculated using the flat balance method, the interest to be paid on the loan is calculated in the whole amount over the entire tenure period of the loan. Thus, the EMI amount is the same throughout the period of the loan.

On the other hand, if the reducing balance method is used to estimate the EMI on your loan, Interest on the loan is calculated on the outstanding principal amount after every month. Therefore, the amount of principal on which the interest was calculated decreases over time leading to a low EMI over time.

The following is a comparison of calculating the interest payable using the flat rate method vs. the reducing balance interest calculation method:

Personal Loan Details	EMI for Flat Balance Method (Rs.)	EMI for Reducing Balance Method (Rs.)	Total Interest Savings over Loan Tenure (Rs.)*
Rs. 1 lakh @12% for 3 Years	3,778	3,321	16,428
Rs. 2 Lakh @15% for 5 years	5,833	4,758	64,521
Rs. 3 lakh @10.50% for 5 years	7,625	6,448	70,610
Rs. 5 lakh @11% for 4 years	15,000	12,923	99,707
Rs. 7 lakh @11.25% for 3 years	26,007	23,000	1,08,248

Personal Loan EMI for Top Banks

Bank	Lowest EMI Per Lakh	Loan Tenure
SBI	Rs.1,640	7 years
HDFC Bank	Rs.2,162	5 years
Axis Bank	Rs.2,224	5 years
CitiBank	Rs.2,124	5 years
Indian Overseas Bank	Rs.2,199	5 years
Standard Chartered Bank	Rs.2,199	5 years
Kotak Mahindra	Rs.2,162	5 years
Indian Bank	Rs.1,619	7 years
Union Bank of India	Rs.2,071	5 years
Karnataka Bank	Rs.2,224	5 years

How to use Dialabank Personal Loan EMI Calculator?

Dialabank Personal Loan EMI Calculator is incredibly user-friendly. All you have to do is enter your desired loan amount, interest rate, processing fee, and tenure. To calculate your EMI, click “Calculate”. An amortization table can also provide you with a full breakdown of your payment plan.

Your loan EMI is determined by several factors, including the loan amount, interest rate, and loan tenure. It is critical to decide on your monthly payment ahead of time to manage your budget better.

Results Overview:

• EMI: The monthly EMI that you must pay to the lender to repay your loan. Dialabank allows you to verify your loan eligibility in real-time based on your loan EMI output.
•  Breakdown of your total payable: The EMI Calculator tool calculates the full amount owed to the lender. The sum of your loan amount (Principal), interest payments, and processing fees is your total loan amount payable. This may be viewed as an amortization table intended to provide you with a comprehensive understanding of your monthly/yearly repayment requirements.

Usage of Personal Loan EMI Calculator

Consumers can download the EMI Calculator in the form of an excel sheet from several online sources. These calculators help the customer to estimate the EMI amount payment that the person has to repay every month along with the rate of interest. If a borrower wishes to apply for a personal loan, then, the borrower should make use of the personal loan EMI calculator which is accessible on the website of the loan lenders.

Types of Personal Loan EMI Calculator

There are several varieties of EMI calculators available online. Some calculators just ask for the amount of loan that is wished to be availed and the preferred loan tenure, whereas, some will also ask to fill all of the information including the interest rates and then runs the simple calculations.

Factors that Affect the EMI Calculator

There are main 3 Components of a Personal Loan that affect its EMI :

• Interest Rate: The price of interest is in direct proportion to the monthly instalment for the loan (EMI). The bank will determine your loan’s rate of interest based on several factors such as your income, your credit history, repayment capacity, etc.
• Amount on Loan: This is also directly proportional to the EMI against the loan. If one is high, the other will undoubtedly be high. The maximum amount of personal loan you can avail of is decided by the lender based on your repayment capacity, relationship with the bank, and other factors.
• Loan Tenure: This is the only component that is inversely proportional to the EMI of the loan. The longer the tenure of the loan, the lesser will be the EMI. The loan tenure options usually range between 1 to 5 years.

Pre Calculated Personal Loan EMIs

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

How to Reduce Personal Loan EMI

Here are a few tips which can help you in reducing the EMI against your loan:

Consider your current bank for the loan: If you’re planning to get a Personal Loan, you should consider taking a loan from the bank where you have an already existing account or a mortgage. This existing loyal relationship with the bank may turn out to be advantageous to you in terms of getting a lower rate of interest on your loan, thereby reducing your monthly instalment amount.

Choose the Loan Tenure carefully: If you think the EMI that you’re paying takes up a major part of your income, you can opt for a longer loan tenure. An extended loan tenure will reduce EMI. However, you should consider all the new terms associated with a longer tenure as in most cases the interest levied will be higher when the mandate is longer.

Pick a lender that offers a Low-Interest Rate: The interest rate is one of the prime factors that decide the EMI you have to pay, so pick the lowest price available to you.

Use the Balance Transfer option: Certain lenders allow you to transfer your loan from one to another bank. You can do so if the other banks offer a lower interest rate.

Can You Pay Your EMI at One Go?

Yes, you may do that if you’re talking about prepayment or foreclosure. However, the terms of personal loan payments vary depending on the bank. For example, HDFC only enables you to prepay after you have finished 12 EMIs. In addition, depending on the bank, the lender may impose a prepayment charge at the time of prepayment or foreclosure. So, before deciding on foreclosure or prepayment, make sure you understand your lender’s terms and circumstances.

What is Personal Loan Restructuring?

In a recent guideline issued by the Reserve Bank of India (RBI), they had declared that banks could assist borrowers who cannot repay their personal loans on time due to the financial pressure created by Covid-19.

The lender can restructure the personal loan by decreasing the interest rate, rescheduling the EMI payment, or allowing the client to take advantage of a temporary loan repayment holiday.

The reorganization window will be open until December 31, 2020. This will give the borrower extra time to pay back their debt. The loan account will not be classified as a non-performing asset (NPA), and the borrower’s credit score will not suffer as a result. Borrowers who have been paying their EMIs on time and are not more than 30 days late as of March 1, 2020, are eligible for the personal loan restructuring programme.

Why One Should Apply for a Personal Loan?

1. Lowest interest rates
2. Instant Approval in 2 hours
3. Easy Documentation and flexible loan tenure.

Personal Loan Amortization Calculator

An amortization schedule is a table of periodic loan payments that shows the principal and interest amounts for each payment until the loan is paid off at the end of the term.

Your Personal Loan monthly EMI will be equal to the Amortization plan. Even so, the EMI component, which includes interest and principal payments, will not be the same month after month. It’s always changing.

Illustration: How to read an amortization schedule

Assume you take out a Personal Loan of Rs. 3 lakh for a period of three years at a rate of Rs. 10.25 per cent. The EMI computed for this loan amount is 9,715, with a total yearly EMI payment of 1,16,585. The EMI schedule for a three-year loan is shown in the table below –

Amortization Schedule for a Personal Loan of ₹ 3 Lakh over the 3 years

Year	Interest Paid During The Year	Principal Repaid During The Year	Total Amount Paid During The Year (Interest + Principal)	Outstanding Principal
2021	₹ 18,760	₹ 58,964	₹ 77,723	₹ 2,41,036
2022	₹ 20,265	₹ 96,320	₹ 1,16,585	₹ 1,44,716
2023	₹ 9,914	₹ 1,06,670	₹ 1,16,585	₹ 38,046
2024	₹ 816	₹ 38,046	₹ 38,862	₹ 0

Each Personal Loan EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

In the above illustration, on a Personal Loan of ₹ 3 Lakh, taken at the lowest interest rate of 10.25%, EMI paid is ₹ 9,715, and an annual total of EMIs is ₹ 1,16,585, the interest component is ₹ 26,600 while the principal part is ₹ 89,984 in year 1 of loan disbursement. You repay only 29.99% of the total principal after paying 12 EMIs during the first year.

In year 3, the interest component of EMI is around 5.34%, while the principal part is about 94.66%. Up to 3 years, you have cumulatively repaid 100% of your total Personal Loan.

EMI Calculation Using Flat Balance vs. Reducing Balance Methods

The principal loan amount is the key factor based on which the EMI on a loan varies. If the EMI is calculated using the flat balance method, the interest to be paid on the loan is calculated in the whole amount over the entire tenure period of the loan. Thus, the EMI amount is the same throughout the period of the loan.

On the other hand, if the reducing balance method is used to estimate the EMI on your loan, Interest on the loan is calculated on the outstanding principal amount after every month. Therefore, the amount of principal on which the interest was calculated decreases over time leading to a low EMI over time.

The following is a comparison of calculating the interest payable using the flat rate method vs. the reducing balance interest calculation method:

Personal Loan Details	EMI for Flat Balance Method (Rs.)	EMI for Reducing Balance Method (Rs.)	Total Interest Savings over Loan Tenure (Rs.)*
Rs. 1 lakh @12% for 3 Years	3,778	3,321	16,428
Rs. 2 Lakh @15% for 5 years	5,833	4,758	64,521
Rs. 3 lakh @10.50% for 5 years	7,625	6,448	70,610
Rs. 5 lakh @11% for 4 years	15,000	12,923	99,707
Rs. 7 lakh @11.25% for 3 years	26,007	23,000	1,08,248

How to Apply for a Personal Loan using EMI Calculator?

• After checking your EMI’s, you can apply for a personal loan online on Dialabank. The process is quite easy and convenient.
• Search for Dialabank on Google.
• Fill the application form for the personal loan.
• You will get a call back within 5 minutes, with proper guidance.
• If you are eligible, then your loan will get approved within 10 minutes.

Should I Prepay My Personal Loan Early?

Prepayment of a loan occurs when a borrower pays off their personal loan entirely or in part before the payment is due. Prepayment may offer the borrower peace of mind, but it may not be financially beneficial. When intending to make loan prepayments, keep the following two variables in mind:

1. Prepayment Levy: When you try to pay off your loan early, most banks charge a penalty or prepayment cost. The cost for prepayment varies per bank. It might be a percentage of the payment or a flat cost. It can also be computed depending on the amount of unpaid interest. Some banks may not even impose a prepaid fee.

It is critical to weigh the penalty cost you will pay against the interest savings you will get to balance your loan term. This will assist you in determining whether or not prepaying your loan will benefit you. Most loans have a minimum lock-in term during which you cannot pay off or refinance your loan.

2. Principal Amount Savings: Prepaying early in your term might help you save a lot of money. However, due to the lock-in period, this may not be achievable. Borrowers frequently believe that because they have already paid many EMIs, the interest on the remaining ones would be modest. As a result, closing the loan would be pointless because there would be little savings on the remaining interest expense.

However, because banks compute interest on a declining balance basis, the interest paid on the unpaid principal amount stays the same. When considering whether to foreclose on your loan, consider the interest rate charged as well as the remaining duration.

Instead of foreclosing on the debt, you might choose to make partial prepayments. Partial prepayment decreases the remaining principal amount, lowering the interest component of the EMIs. However, for this strategy to be effective, you must pay off a significant portion of the debt. It is also preferable to do so as early in the loan duration as feasible. Otherwise, the prepayment cost may outweigh the interest savings.

Personal Loan Prepayment Calculator

Part prepayment is the amount you pay before your EMI’s due date when you have additional money with yourself. When you prepay your loan, the bank gives you two options to choose from:

• To reduce your EMI and keep the loan tenure the same
• To keep the EMI the same and reduce your repayment tenure

The choice between the two options depends totally on you based on your monthly repayment capacity. We have explained the way EMI or tenure re-adjust after prepayment of personal loan in the illustration below:

Suppose you take a loan of ₹ 1 Lakh lakh for five years at an interest rate of 10.99%. Your EMI of the loan is ₹ 2,174 per month, and an annual total of EMI is ₹ 26,088. This is how your original loan schedule looks till year 2. On ₹ 1 Lakh lakh of the loan amount, you pay ₹ 2,174 as monthly EMI (each month) and an annual payment of ₹ 26,088. By the end of year 2, you have an outstanding principal of ₹ 66,406, and you have to pay another 36 EMIs to pay down your loan entirely. The original schedule of your loan till year 5 has been shown in the table below:

Contents	Original Schedule
Loan Amount	₹ 1 Lakh
Tenure (in months)	60
Interest Rate	10.99%
Monthly EMI	₹ 2,174

Loan Schedule	Principal Repaid	Principal Outstanding
Year 1	₹ 15,879	₹ 84,121
Year 2	₹ 17,714	₹ 66,406

At the end of year 2, if you have a surplus amount of ₹ 20,000 and you decide to prepay the loan. You have two options:

Option 1: Reduce your loan tenure and keep your EMI the same

Option 2: Reduce your EMIs and keep the loan tenure unchanged

Option 1: Reduce your loan tenure and keep your EMI the same

If you have ₹ 20,000 as a surplus amount and decide to keep the EMI the same and reduce the term, this will happen. At the end of 2 years, when you prepay an amount of ₹ 20,000, an outstanding principal is reduced to ₹ 46,406 compared to ₹ 66,406 in your actual amortization loan schedule. As your loan is outstanding, it reduces and you opt to reduce your loan tenure.

At the end of 2 years, you are left to pay only 24 EMIs as compared to 36 EMIs as planned in your actual loan schedule. As a result, your total personal loan tenure gets reduced to 48 months instead of 60 months, scheduled earlier. In summary, you repay your entire loan in 12 months less than what you had planned earlier and continue paying an EMI of ₹ 2,174 every month. Please refer to the table below to understand the calculation on EMI in case of a loan prepayment under option 1

Charges Levied on Non-Payment of EMI

If loan EMI payments are not made on time, there are a few more personal loan costs that may be levied in addition to the actual EMI payable. Among these are:

• Cheque/NACH/SI Bounce Charges: These apply when an EMI payment is not made on time owing to a low balance in the account or the closure of the account used for EMI payments. This is often a set price that is applied each time an automatic EMI deduction fails.
• Charges for Late Payments: If an EMI is not paid on time, the bank/NBFC from whence you received the loan may levy a late payment charge. This charge might be either a fixed sum or a percentage of the amount still owed.
• Penal Interest Costs: Penal interest charges are levied on the outstanding EMI amount. This is usually a preset percentage amount charged each month on the outstanding principal amount until the due EMI is paid.

The initial fees are in addition to the initial EMI on the personal loan.

Revised Schedule, after prepayment of ₹ 20,000 at the end of year 2

Option 1: Same EMI, shorter tenure

Loan Amount	₹ 1 Lakh
Tenure (in months)	48
Interest Rate	10.99%
Monthly EMI in ₹	2,174
Early Payment in ₹	₹ 20,000 in 2nd year

 

Loan Schedule	Principal Repaid	Principal Outstanding
Year 1	₹ 15,879	₹ 84,121
Year 2	₹ 37,715	₹ 46,406

Option – 2: Reduce your EMI and keep the loan tenure the same

At the end of 2 years, when you prepay an amount of ₹ 20,000, the outstanding principal is reduced to ₹ 46,406 as compared to ₹ 66,406 in your actual loan schedule. As your loan is outstanding and you opt to reduce loan EMIs, your revised EMI stands at ₹ 1,519 compared to ₹ 2,174 earlier.

Your remaining loan tenure remains unchanged at 60 months, and you pay an EMI of ₹ 1,519, which is ₹ 655 lower as per your actual loan amortization schedule. Please refer to the table below to understand the calculation on EMI in case of a prepayment under option 2:

Revised Schedule, after prepayment of ₹ 20,000 at the end of year 2

Option 2: Same tenure, lower EMI

Loan Amount	₹ 1 Lakh
Tenure (in months)	60
Interest Rate	10.99%
Early Payment in ₹	₹ 20,000 in 2nd year

 

Loan Schedule	Monthly EMI	Principal Repaid	Principal Outstanding
Year 1	₹ 2,174	₹ 15,879	₹ 84,121
Year 2	₹ 2,174	₹ 37,715	₹ 46,406
Year 3	₹ 1,519	₹ 13,810	₹ 32,596

Reduction in the number of loans EMIs eases your monthly expense burden and helps you maintain your living standard. When your personal loan EMI reduces, you comparatively pay a lower interest rate than what you have planned in the original loan schedule. However, you still pay a higher interest compared to option 1, in which you decide to reduce your loan tenure after prepayment.

If you plan to prepay, continuing to pay the same EMI over a shorter tenure can result in a significantly lower interest rate on your personal loan and hence, should be the preferred choice whenever possible.

FAQs About Personal Loan EMI Calculator

✅ Do I have to enter the monthly rate of interest or the yearly rate of interest in the EMI calculator?

You have to enter only the yearly rate of interest in the online EMI calculator to get the exact EMI amount.

✅ How long does it take for the EMI calculator to calculate the personal loan EMI?

Dialabank’s EMI calculator gives you the exact EMI amount on your personal loan in just 30 seconds if not less. 

✅ How do I calculate the EMI on my personal loan if the processing fee charged is a flat fee and not in percentage? 

In case your personal loan provider charges a flat fee as processing charges, you can still easily calculate the EMI on your loan by keeping the Processing Fee as 0% in the EMI calculator. But make sure to pay the processing fee at the end. 

✅ What is the maximum loan amount for which I can calculate the EMI on my loan for using the Dialabank EMI calculator?

You can calculate EMIs for a loan amount of up to Rs.30 lakh in the Dialabank personal loan EMI calculator.

✅ Do I have to pay GST on the amount of EMI paid by me? 

Yes, a personal loan, like all other loans is a service that the bank provides. Thus, the EMI amount you pay will be subjected to Goods and Services Tax (GST).

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies, and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase.

The decision to Apply and Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.