Personal Loan EMI Calculator - Mar 2017

Personal Loan Calculator

Lowest EMI on Personal Loan - Rs. 0 per lakh
Last Updated 24th Mar 2017
Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 0 Rs. 0 Rs. 0
300,000 Rs. 0 Rs. 0 Rs. 0
500,000 Rs. 0 Rs. 0 Rs. 0
1,000,000 Rs. 0 Rs. 0 Rs. 0

Factors affecting Personal Loan EMI

  • Borrower age should be between years to maximum years.
  • Maximum personal loan amount offered by is upto Rs. 0.
  • Interest rates range from % to % depending upon customer profile, loan amount and other factors.
  • Processing fee in may be of loan amount.
Personal Loan EMI Calculator
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Personal Loan EMI

  • Personal Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With offering Personal Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 0 per lakh, to make it more affordable and convenient to meet your personal needs. Rate of interest offered by are as low as %.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Personal Loan calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Personal Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 0 to Rs. 0
r = Rate of interest per month. Current rate is %
n = tenure in month. For , this can be months

Personal loan EMI calculator - How it works?

  • This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Personal Loan EMI - EMI Changes in case of prepayment

    In case you prepay your personal loan, the outstanding balance on your personal loan reduces. gives you two options:
  • Reduce your loan tenure and keep your personal EMI same
  • Reduce the amount of EMI and keep your loan tenure same
  • It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the in this option.

Frequently Asked Questions on EMI Calculator

What is the lowest EMI per lakh offered by on personal loan?

offers personal loan at % interest rate and hence lowest EMI on per lakh loan amount is Rs. 0.

Can I prepay my personal loan?

offers you an option of prepayment after months at .

Is there any processing charge on personal loan from ?

Personal Loan from charges a processing fee of .

Personal Loan EMI Calculator Customer Care Number, Email, Application Login, Branches

City Customer Care Number
Personal Loan EMI Calculator News - Mar 2017
18th Mar 17 Deutsche Bank considering sale of Indian retail business
Deutsche Bank is planning to sell its retail business of India. The bank plans to utilize the sale proceeds for expanding its capital base. Deutsche Bank had sold part of its mortgage business in India in 2010 and a small unit of asset management in 2015. The bank has total assets of Rs. 693 billion and earned a profit of Rs. 23 billion for the year ending March 2017.
18th Mar 17 Card business of Citibank India grows on continuous technological innovations
Citibank India has been able to build a successful card business with its strong focus on continuous technological innovations. The bank has launched Pay in Points feature which enables customers to make payment via reward points and NoRedirect initiative that helps customers to directly make a payment at merchant’s website via OTP.
18th Mar 17 Deutsche Bank considering sale of Indian retail business
Deutsche Bank is planning to sell its retail business of India. The bank plans to utilize the sale proceeds in expanding its capital base. Deutsche Bank had sold part of its mortgage business in India in 2010 and a small unit of asset management in 2015. The bank had total assets of Rs. 693 billion and earned a profit of Rs. 23 billion for the year ending March 2017.
17th Mar 17 Axis Bank opens new branch in Nadiad
Axis Bank has announced the opening of new branch in Nadiad, Gujarat. The new bank branch will provide digital services such as Axis Pay and Axis Mobile application and offer all loan products including personal loan, home loan etc. With the opening of new branch, total number of branches of Axis Bank in Gujarat has reached 282 branches.
17th Mar 17 SBI credit cards to attract 15 percent discount from Qatar Airways
State Bank of India has announced a partnership with Qatar Airways to provide discount up to 15 percent to the retail and corporate credit card holders of the bank. Under the new offer, person buying tickets via SBI cards will get a discount of 15 percent and 10 percent respectively on business class and economy class tickets. The offer is valid from 7th April to 30th September, 2017.
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