• Syndicate Bank Personal Loan EMI Calculator

    Syndicate Bank offers personal loans at competitive interest rates so that your EMIs start from Rs.2,149 per lakh. The interest rate on these loans range from 10.5% to 13.5% p.a.

    Rs.3.5 lakh @12.2% p.a. 2 years 3 years 5 years
    Equated Monthly Instalment (EMI) (Rs.) 16,508 11,658 7,821
    Total Interest Payable (Rs.) 46,202 69,705 1,19,259
    Processing Fee (Rs.) 7,000 7,000 7,000
    Total Amount Payable (Rs.) 4,03,202 4,26,705 4,76,259

    Example – In the table above, consider that you have taken a Syndicate personal loan of Rs.3.5 lakh at an interest rate of 12.2% p.a.Keeping the processing fee at 2% of the loan amount, your loan repayment details are shown.

    How does the loan EMI calculator work?

    An EMI Calculator works on the following formula

    E = P x R x (1+R)^n/((1+R)^n-1)

    • E: Equated Monthly Instalment (EMI)
    • P: Principal loan amount
    • R: Monthly rate of interest
    • n: Duration of the loan

    BankBazaar’s EMI Calculator also considers processing fees and pre-payments in order to make the results more accurate.

    How to Use BankBazaar Syndicate Bank Personal Loan Calculator:

    You can use the BankBazaar EMI Calculator by following 7 simple steps given below.

    • Go to BankBazaar’s website.
    • Select the ‘EMI Calculator’ from ‘Finance Tools’ under Menu tab on the top right corner.
    • Use the sliders or manually enter the loan amount and duration of loan.
    • Input the interest rate and processing fees of Syndicate Bank Personal Loan
    • If you intend to make pre-payments, enter the pre-payment frequency, pre-payment amount, pre-payment charges and when the pre-payment would start.
    • Click on ‘Calculate’ to get the results.
    • You will see the EMI, the total interest amount, the total repayment amount, repayment schedule and pre-payment analysis.

    Features and Benefits

    The advantages of using an EMI Calculator are:

    1. Accessible: EMI Calculators are an online tool that can be conveniently used through any device with an internet connection.
    2. User-friendly: An EMI Calculator is easy to use and needs no specific understanding of finance or technology. It can be customised with numbers as per the user’s requirements.
    3. Precise results: BankBazaar’s EMI Calculator analyses your loan repayment schedule and gives you great details about the loan and EMI.
    4. Repayment table: The clear break-up of EMIs and monthly outstanding amounts helps you understand the whole repayment process clearly.

    Syndicate Bank Personal Loan Calculator FAQs

    1. Will the results of EMI Calculators be the same as the calculations of the bank?

      The results of an EMI Calculator is determined by the numbers you enter into it. The bank’s calculations have some additional charges that cannot all be incorporated into a simple online calculator. So the results of an EMI Calculator are unlikely to match the banks exactly, but the estimates are close enough for you to work with.

    2. Are there separate EMI Calculators for each type of loan?

      No. The BankBazaar EMI Calculator can be used for EMI calculations of any kind of loans.

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