Personal Loan EMI Calculator

Recalculate your Personal Loan EMI and Total Interest Due in a snap!

Your Personal Loan Details

Use the slider to alter your Personal Loan details.

Loan Amount
50000
Tenure
12
Loan Amount:
Tenure:
Interest Rate in %:
Processing Fee: (% of loan amount)
Would you like to make Pre-payments?
Pre-payment Frequency
Pre-payment starts in
Pre-payment amount
Loan Completion Month
Pre-payment Fee %
Pre-payment Applies to

Your Monthly Personal Loan EMI: Rupee image 4,402

Monthly amount paid to your Personal Loan provider

Break-up of all total amount payable
Loan Amount
25000Rupee image
Total Interest Due
756Rupee image
Processing Fee
500Rupee image
Loan Amount Via EMI
500Rupee image
Loan Amount Prepaid
500Rupee image
Total Interest
500Rupee image
Processing Fee
500Rupee image
Pre-payment Fee
500Rupee image
Total Amount Payable
26252Rupee image
Your loan details as specified by you
Loan Amount
25000Rupee image
Tenure
6 Months
Interest Rate
10%
Processing Fee
2%
Pre-payment
25000Rupee image

Your Amortization Details (Yearly/Monthly)

Your debt repayment schedule in regular instalments over a period of time.

Principal Paid Interest Paid Outstanding Loan BalanceO/S Balance(Without Pre-payment) O/S Balance(With Pre-payment)
Year Principal Paid(A) Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance Pre-payment
Pre-payment Analysis

(We've broken it down for you!)

SummaryTotal AmountTenure
Without Pre-payment Rupee image 47,87,42610 yrs
With Pre-payment Rupee image 45,33,7238years 4months
YOU SAVE rupee0 YOUR TENURE REDUCED BY 1 years 8 months
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How to use BankBazaar.com's Personal Loan EMI calculator to understand your Personal Loan Repayment

Loan parameters needed for using the EMI calculator:

  • You need to know the loan amount, processing fee and the interest rate of your car loan, home loan or personal loan. If you plan to prepay your loan, then figure out the exact or approximate amount you intend to prepay and the periodicity of such payments depending on your loan agreement.
  • Use the sliders and input boxes provided in the calculator to key in or match these loan parameters.
  • The calculator will then work out the exact pattern of your loan repayment. Aspects such as the amortization table, the total interest outgo, the timelines of your loan repayment etc. will be displayed in accurate detail enabling you to make smart loan decisions!

Read on to learn how you can figure out the functionality of the different loan parameters and what role they specifically play in your loan repayment pattern. BankBazaar.com?s EMI calculator is a fantastic tool that can help you manage the various loan parameters to become debt free in the most efficient manner possible.

  • Loan Amount: Enter the Personal Loan amount using the slider or the edit box you wish to borrow. For better financial planning our monthly outgoings (EMI?s) should not be more than 40% of your monthly income.
  • Interest Rate: This is the Interest rate that is charged on the money borrowed. This rate is monthly reducing balance.
  • Tenure: Select the period for which you wish to take the Personal Loan. Generally personal loan tenures range from 1 to 5 years.
  • Processing Fees: Bank charges a processing fee at the time of disbursing a Personal loan.Processing fees typically vary between 1% to 5% of the loan amount.
  • EMI: By entering the four fields you can see your monthly EMI which you have to pay to the lender to pay off your personal loan. Based on your loan EMI output you can check your personal loan eligibility in real time at BankBazaar.com. Based on your eligibility BankBazaar will show you customized personal loan offers from various banks. You can then select the best offer and apply online.
  • Break-up of your total amount payable: The EMI Calculator tool gives you the total personal loan amount payable to the lender. Your total loan amount payable is the sum of your loan amount (Principal), Interest payable and processing fees.
  • Starting Balance: The starting balance of any given period corresponds to the principal amount that is owed to the bank at the beginning of that period.
  • Interest Paid: This is the portion of your monthly payment that is applied towards interest.This portion will keep reducing each successive month as the personal loan matures. The rest of your monthly payment is applied towards the personal loan principal.
  • Principal Paid: This is the portion of your monthly payment that is applied towards the loan principal. This portion will keep increasing each month as the loan matures. The rest of your monthly payment is applied towards interest.
  • Ending Balance: The ending balance of any given period corresponds to the principal amount that is owed to the Bank at the end of that period.
  • You can switch to Annual view of your personal loan amortization.
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Further Reading

Top picks from our Financial Expert

News About Personal Loan EMI Calculator

  • Women Entrepreneurship Development Programmes by the MSME

    In a move to encourage and support female entrepreneurs and artisans, the Ministry of Micro, Small and Medium Enterprises (MSME) has implemented schemes directed at providing financial benefits and employment opportunities for women.

    A total of Rs.6.70 crore has been allocated for the FY 2015-2016 for the two schemes mentioned below:

    1. The Mahila Coir Yojana

    Under this scheme, women artisans are given training and counselling, after which financial assistance is provided for them to acquire ratts that are used for spinning coir yarn. Motorized ratts – both regular and traditional – are given at a 75% cost subsidy (up to a maximum of Rs. 7,500 for regular motorized ratts and Rs.3,200 for traditional motorized ratts). Beneficiaries are expected to raise the remaining 25%.

    2. Trade Related Entrepreneurship Assistance and Development (TREAD)

    Loans and financial assistance is provided from Government grants and from Nationalized banks at the rate of 30% of the loan (subject to a maximum of Rs.30,00,000) though NGOs for women who are starting entrepreneurial self-employment ventures that aren’t directly farm-related. This program aims to economically empower women using trade-related training, product-related services, training, and counselling.

    In addition to these, the Chhattisgarh and Uttar Pradesh Governments are setting up the Women Entrepreneurship Award Scheme and the Mahila Udyami Protasahan Yojana, respectively, to promote and support women entrepreneurs.

    14th August 2015

  • MSME credit applications can now be submitted and tracked online

    Karnataka Bank has streamlined processes and created a system through which people can submit MSME loan applications, and track their credit proposals online.

    The system allows applicants to submit applications for MSME credit over the internet, and also provides the facility by which customers will be intimated about the details and status of their application over e-mail. In addition to this, the system also allows you to track the status of all MSME credit request that’s been submitted directly at branches

    Karnataka Bank has a lot of loan products that are aimed at MSMEs, with over 160 specialised branches that deal only with the MSME in over 100 clusters in 16 states across India, Karnataka Bank hopes to be one of the major players that’s lending to this sector.

    Through this new platform, MSME credit applicants and apply online and track the status of their application online, encouraging more potential MSME owners to do the same.

    12th August 2015

  • Personal Loan EMIs to
    come down following
    the RBI mandate.

    Following the recent rate cut made by the Reserve Bank of India, borrower’s EMIs could reduce for all kinds of loans including personal loans. Vijayalakshmi Iyer, the chief managing director of Bank of India, says that EMIs will certainly reduce, marginally, following this rate cut. According to her, this is a surprise move taken by RBI which will definitely push banks to drop interest rates soon. She also states that the banking system will not be able to pass on the entire 50 bps that has been cut by the RBI recently. Nevertheless, some amount will be surely transmitted.

    13th March 2015

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EMI Calculator
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