Personal Loan EMI Calculator

Personal Loan Calculator

Lowest EMI on Personal Loan - Rs. 0 per lakh
Last Updated 23rd Jan 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 Jan 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
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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 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 - Jan 2017
23rd Jan 17 PNB launches contactless credit card PNB Wave N Pay
Punjab National Bank has launched a contactless credit card named PNB Wave N Pay. Customers can make the transactions by waving the card across the terminal without entering their PIN number. The card has been launched at Visa Platinum Platform and will permit the transactions up to Rs. 2, 000.
20th Jan 17 South Indian Bank to focus on growth in its retail and MSME business
South Indian Bank in its investor presentation has stated that the bank will work for enhancement of its retail and MSME business through its centralised marketing and processing centres. The bank intends to increase the volume of fresh loan disbursements across various loan types such as business loan, home loan and personal loan.
19th Jan 17 Fundstiger.com launches first automated loan chatbot in India for business and retail loans
Fundstiger.com, a leading fintech company,has launched an automated loan chatbot service for business and retail loan borrowers. The service will provide guidance on business and retail loans over messenger to its retail and MSME borrowers. With the service, Fundstiger has become the first company in India to launch an automated loan chatbot.
17th Jan 17 State Bank of India likely to increase its stake in its credit card joint venture SBI cards
SBI is likely to increase its stake in its credit card joint venture named as SBI cards and payments services (SBICPSL). SBI expects to complete the deal by March, 2017. Currently, SBI with 47.6 lakh credit cards has the second largest number of credit cards in circulation in the country.
17th Jan 17 Yes Bank hired Silicon Valley based Gunshup to develop banking chatbot for loan offerings
Yes Bank has announced a partnership with Silicon Valley based Gunshup (a bot platform) to develop its chatbot named as YES mPOWER. The chatbot will facilitate customers to perform transactions on various social messengers. Customers will also get full information about various loan products (personal loan and mortgage loan) of the bank on the platform.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in 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 info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.