Personal Loan EMI Calculator

Personal Loan Calculator

Lowest EMI on Personal Loan - Rs. 0 per lakh
Last Updated 19th Feb 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

Personal Loan EMI Calculator Feb 2017

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

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 EMI 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 Status, Branches

City Customer Care Number
Personal Loan EMI Calculator News - Feb 2017
17th Feb 17 Citibank India launches instant chat service for its users
Citibank India has launched an instant chat service for its customers using net banking. The chat platform will enable its users to connect with bank executives through internet to resolve their queries related to cards, domestic and non domestic accounts, loans etc.
16th Feb 17 Yes Bank boosts debit card portfolio via contactless cards
Yes Bank has launched contactless debit cards to boost its debit card portfolio in lieu of its commitment to supporting the vision of Indian government of a cashless economy. Contactless debit cards will use radio frequency identification (RFID), Near Field Communication (NFC) and Samsung pay (MST) to enable the customers to make payments simply by waving their card over a reader at the point of sale.
15th Feb 17 Loans against stocks and FDs dry up amid demonetisation
An Economic Times report has highlighted a decline in the borrowing against shares and Fixed Deposits during the third quarter of FY17.. As per the data, loans against shares and FDs of the banking sector have declined by 20.6 and 5.5 percent yoy and stood at Rs. 4,700 and Rs. 60,000 crore respectively in December 2016.
14th Feb 17 Bank of Baroda plans to put in place a 2000 strong sales forces to push retail loans
Bank of Baroda is planning to put in place a 2000 dedicated and strong sales force to push its retail loans. The existing retail loan portfolio of the bank stands at 19 percent of its total domestic advances. The bank intends to focus on select centres in metros at the initial stage, gradually expanding to other centres.
13th Feb 17 IndusInd Bank plans to restrict its unsecured lending portfolio to 5 percent of its total portfolio
IndusInd Bank is planning to expand its credit card portfolio while capping the exposure of unsecured loan book at 5 percent. The bank expects to grow its credit card portfolio in tandem with the expected growth of 30 percent in its overall loan disbursements.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.