About Personal Loan EMI Calculator
Many banks also offer personal loans to satisfy financial needs that are unique to you and family. Personal loans could be for home improvement, car repair, vacation and so on. No one needs to know the reason. Our Personal Loan EMI calculator will help you to understand your monthly payments.
Personal Loan EMI Calculator
EMI: ?0
Principal Amount: ?0
Total Interest Payable: ?0
Total Payment (P+I): ?0
Example Personal Loan EMI Calculation
Let’s say you want a personal loan of 5 lakhs . If you get a loan for the entire amount at 11% interest p.a. and for 5 years then your EMI will be:
5,00,000 x (11/12/100) x (1+(11/12/100))60
[ (1+(11/12/100))60 -1]
= Rs 10,871
For this loan
Total Payable Interest = Rs. 1,52,273
Total Payable Amount = Rs. 6,52,273
For details on the EMI calculation formula please click here
Personal Loan Interest Rate: Some Popular Banks
Based on the internet research here are the personal loan interest rates from some popular banks in India
| Bank | Personal Loan Interest Rate starting |
| SBI Bank | 11% p.a. onwards |
| Bank of Baroda | 10.90% p.a. onwards |
| HDFC Bank | 10.50% p.a. onwards |
| ICICI Bank | 10.50% p.a. onwards |
| Axis Bank | 10.49% p.a. onwards |
Other useful links
EMI Calculator
Car Loan EMI Calculator
Home Loan EMI Calculator
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Disclaimer: Information on gyaankashti.com is for reference only. Amounts may differ slightly due to rounding. Please report any calculation errors in the comments.
