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# IndusInd Bank Personal Loan EMI Calculator - Apr 2017

Last Updated 26th Apr 2017

## IndusInd Bank Personal Loan Calculator

Lowest EMI on IndusInd Bank Personal Loan - Rs. 2,224 per lakh

Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 4,707 Rs. 3,321 Rs. 2,224
300,000 Rs. 14,121 Rs. 9,963 Rs. 6,672
500,000 Rs. 23,534 Rs. 16,605 Rs. 11,120
1,000,000 Rs. 47,069 Rs. 33,210 Rs. 22,239
Personal Loan EMI Calculator
Rs.

### Factors affecting IndusInd Bank Personal Loan EMI

• Borrower age should be between 21 years to maximum 60 years.
• Maximum personal loan amount offered by IndusInd Bank is upto Rs. 1,500,000.
• Interest rates range from 11.99% to 23.00% depending upon customer profile, loan amount and other factors.
• Processing fee in IndusInd Bank may be Upto 2.50% of loan amount.

### IndusInd Bank Personal Loan EMI

• Personal Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to IndusInd Bank 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 IndusInd Bank offering Personal Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 2,224 per lakh, to make it more affordable and convenient to meet your personal needs. Rate of interest offered by IndusInd Bank are as low as 11.99%.
• 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.

### IndusInd Bank Personal Loan calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how IndusInd Bank Personal Loan EMI is calculated:

In above formula,

P = Loan amount. This can range from Rs. 50,000 to Rs. 1,500,000

r = Rate of interest per month. Current rate is 11.99%

n = tenure in month. For IndusInd Bank, this can be 60 months

### Personal loan EMI calculator IndusInd Bank - How it works?

• IndusInd Bank personal loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
• IndusInd Bank personal loan 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. IndusInd Bank gives you two options:
• 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 IndusInd Bank in this option.

#### Frequently Asked Questions on IndusInd Bank EMI Calculator

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

IndusInd Bank offers personal loan at 11.99% interest rate and hence lowest EMI on per lakh loan amount is Rs. 2,224.

Can I prepay my IndusInd Bank personal loan?

IndusInd Bank offers you an option of prepayment after 12 months at 4% of outstanding principal.

Is there any processing charge on personal loan from IndusInd Bank?

Personal Loan from IndusInd Bank charges a processing fee of Upto 2.50%.

#### IndusInd Bank Personal Loan EMI Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ahmedabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ambala 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Anand 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Aurangabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bangalore 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhilai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhilwara 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhiwadi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhopal 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhubaneswar Cuttack 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bikaner 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Chandigarh 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Chennai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Cochin 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Coimbatore 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Dehradun 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Delhi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Durg 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Faridabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Gandhinagar 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ghaziabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Goa 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Greater Noida 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Gurgaon 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Guwahati 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Gwalior 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Hyderabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Indore 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jabalpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jaipur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jalandhar 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jodhpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kanpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Karnal 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kolhapur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kolkata 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kota 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kozhikode 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Lucknow 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ludhiana 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Madurai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Meerut 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mehsana 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mohali Sas Nagar 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mumbai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mussoorie 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Nagpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Nashik 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Noida 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Noida Extn 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Panipat 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Patna 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Pondicherry 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Pune 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Raipur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Rajkot 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ranchi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Rohtak 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Roorkee 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Salem 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Shimla 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Sonepat 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Surat 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Trichy 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Udaipur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Vadodara 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Varanasi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Vijaywada 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Vizag 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com

IndusInd Bank Personal Loan News - Apr 2017
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