Personal Loan EMI Calculator

Equated Monthly Installment or EMI is that amount a borrower has to pay to its personal loan provider to repay his/her personal loan on a fixed tenure. Personal loan emi calculator is a very beneficial tool which will help you to calculate your EMI. The most amazing thing about EMI Calculator is you can count your EMI even if haven’t taken any loan or planning for a personal loan.

How you can count EMI without EMI Calculator?

Often people think that EMI formula is complicated but is very easy you can easily count your EMI before you take any kind of loan. Here it is the formula to calculate EMI.

E is EMI
P stands for Principal of the Loan amount
R stands for rates of interest calculated on a monthly basis.
N stands for loan tenure

How to use EMI Calculator?

It is very easy to use the EMI Calculator so don’t get so stressed looking on this formula. You can count your EMI by using colorful charts. EMI Calculator is easy to use. You can use the EMI Calculator whenever you want and wherever you want by using EMI Calculator you can calculate your home loan, car loan, personal loan, educational loan. You have to enter these following pieces of information in the EMI Calculator:

  • The principal of the Loan amount.
  • Loan tenure
  • Interest rate of your loan
  • EMI in advance (Car loan)

You can use the slider to adjust the values in the EMI Calculator form. You can write there too if you want to.

What is Personal Loan?

Personal Loan an unsecured loan taken by individuals to full feel his/her personal needs(vacation, education, medical, repair, purchase ) from a bank or financial company. The repayment time of this loan is 2 to 6 years.  From the age group of 21 to 60 years people, People who is working from last 2 years and have a great CIBIL score (minimum 650) can get that loan. As it is an unsecured loan we mentioned before, consumers who don’t qualify mentioned verifications can’t get a personal loan. They offered secured loan by the bank. The interest rate is from 10% to 36%. 

Particulars Interest Rate & Other Charges Applicable
Loan Amount 50,000 to 30 Lakhs
Interest Charges 10.65%-24% P.A
Loan Tenure 1 to 5 Years
Preferred Credit Score 650
Account Statement Charge RS.200 To Rs.250+ GST
EMI Bounce Charge  RS.400 To Rs.450+ GST
Duplicate Prepayment statement charges  RS.200 +GST
Loan Cancellation Charges Up to 3000 
Repayment mode swap charges RS 500+GST
Foreclosure or Prepayment Statement Charges RS 100+GST
NOC or NDC For NOC 500+GST, For NDC 200+GST
Stamping Charges  At Actuals
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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Minimum Salary Should Be Rs.10,000!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 - 60 months*

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