# Aditya Birla Personal Loan EMI Calculator

₹ 50k ₹ 50L
6.0% 30.0%
6 months 30 years
Principal Amount
Interest Amount

Monthly EMI

Principal Amount

Interest Amount

Tenure (Month)

Total Amount

## 2024

Month Principal Paid Interest Charged Total Payment Balance
Aug ₹3,942.44 ₹500.00 ₹4,442.44 ₹46,057.56
Sept ₹3,981.86 ₹460.58 ₹4,442.44 ₹42,075.70
Oct ₹4,021.68 ₹420.76 ₹4,442.44 ₹38,054.01
Nov ₹4,061.90 ₹380.54 ₹4,442.44 ₹33,992.11
Dec ₹4,102.52 ₹339.92 ₹4,442.44 ₹29,889.60

## Aditya Birla Loan Calculator Tool

Are you planning to take out a personal loan from Aditya Birla but unsure about the monthly EMIs you will be required to pay? The Aditya Birla personal loan EMI calculator is here to help you. This user-friendly calculator simplifies the process of determining your EMIs based on the loan amount, interest rates, and loan tenure.

If you are looking to fund a major purchase, consolidate debt, or cover an unexpected expense, understanding your EMI in advance can help you budget better and make informed decisions about borrowing. So, let’s understand how this calculator works and what benefits it brings to you.

## How to use Wishfin Aditya Birla Personal Loan Calculator?

It’s easy-peasy! Not much to do. All you have to do is just enter three details in the boxes specified. Enter the ‘loan amount’ you want, the ‘tenure’ you want the loan for, and the ‘interest rate’ you desire.

Once you hit these details, the EMI calculation will be on your screen in a matter of a few milliseconds. Also, you can drag the sliders to input your desired loan amount, tenure, and interest rate.

Along with this, an amortization table will also be shown to you, to help you know how your loan will progress over time. The amortization table reflects the ratio of principal and interest amount until the maturity of the loan.

Example of Aditya Birla Personal Loan EMI Calculation

Mr. Sahdev Murty wants to take a personal loan for INR 5 lakh from Aditya Birla. He desires the loan for a total period of 5 years and at an interest rate of 11.25% per annum. Have a look at his EMI and interest outgo over the course of the loan.

### Table Showing EMI, Interest Outgo, and Total Repayment Amount

Table Showing EMI, Interest Outgo, and Total Repayment Amount

LOAN AMOUNT INTEREST RATE TENURE MONTHLY INSTALMENT TOTAL INTEREST AMOUNT TOTAL AMOUNT
₹ 5,00,000 11.25% 1 ₹ 44,249 ₹ 30,990 ₹ 5,30,990
₹ 5,00,000 11.25% 2 ₹ 23,362 ₹ 60,688 ₹ 5,60,688
₹ 5,00,000 11.25% 3 ₹ 16,429 ₹ 91,430 ₹ 5,91,430
₹ 5,00,000 11.25% 4 ₹ 12,984 ₹ 1,23,210 ₹ 6,23,210
₹ 5,00,000 11.25% 5 ₹ 10,934 ₹ 1,56,019 ₹ 6,56,019

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YEAR PRINCIPAL INTEREST BALANCE AMOUNT
1 ₹ 78,942 ₹ 52,262 ₹ 4,21,057
2 ₹ 88,295 ₹ 42,908 ₹ 3,32,762
3 ₹ 98,757 ₹ 32,447 ₹ 2,34,005
4 ₹ 1,10,458 ₹ 20,745 ₹ 1,23,546
5 ₹ 1,23,648 ₹ 7657 ₹ 0

## Aditya Birla Personal Loan EMI Calculator Formula

The calculator uses the below formula to calculate an EMI.

EMI=[P x R x (1+R)^N]/[(1+R)^N-1]
where,
EMI=Equated Monthly Installment
P=Principal Loan Amount
R=Monthly Interest Rate
N=Number of Monthly Installments

If the principal amount is ₹ 1 lakh with a rate of interest at 10% and tenure of 5 years, the EMI will be as given below:

• Principal Amount (P): ₹1,00,000
• Interest Rate (R): 10% per annum (which is 10/12/100 = 0.008333 per month)
• Loan Tenure (n): 5 years, or 60 months

Let’s see how it works:

[1,00,000 x 0.008333 x (1 + 0.008333) ^ 60]/[(1+0.008333) ^60 -1] = 2,124.

The EMIs you will be required to pay is 2,124.

## Aditya Birla Personal Loan Amortisation Schedule

Here is the amortization schedule for the example provided above, to assist you further:

Year Principal Interest Total Payment Balance Amount
2024 ₹ 7,911 ₹ 4,837 ₹ 12,748 ₹ 92,089
2025 ₹ 17,055 ₹ 8,441 ₹ 25,496 ₹ 75,033
2026 ₹ 18,841 ₹ 6,655 ₹ 25,496 ₹ 56,192
2027 ₹ 20,814 ₹ 4,682 ₹ 25,496 ₹ 35,378
2028 ₹ 22,994 ₹ 2,503 ₹ 25,496 ₹ 12,385
2029 ₹ 12,385 ₹ 364 ₹ 12,748 ₹ 0

## The Lowest EMI Offered by Aditya Birla Personal Loan

Here are the EMIs for different loan amounts under Aditya Birla Personal Loan, calculated at interest rates of 11% and 16% over a period of five years:

Interest Rate of 11% Interest Rate of 16%
1 lakh loan amount - ₹2,174 p.m. 1 lakh loan amount -  ₹2,431.81 p.m
3 lakh loan amount - ₹6,523 p.m. 3 lakh loan amount -  ₹7,295.42 p.m.
5 lakh loan amount - ₹10,871 p.m. 5 lakh loan amount -  ₹12,159.03 p.m
7 lakh loan amount - ₹15,220 p.m. 7 lakh loan amount - ₹17,022.64 p.m.
9 lakh loan amount - ₹19,568 p.m. 9 lakh loan amount -  ₹21,886.25 p.m.

### What is the EMI of a 1 Lakh Personal Loan in Aditya Birla Finance?

Below, we have calculated the EMI for a 1 lakh Aditya Birla Finance personal loan over a tenure of 5 years. This calculation is based on the lowest and highest interest rates charged by Aditya Birla Finance on their personal loans.

Year Monthly EMI @10%p.a Monthly EMI @ 16% p.a
1 ₹8791.59 ₹9073.09
2 ₹4614.49 ₹4896.31
3 ₹3226.72 ₹3515.70
4 ₹2536.26 ₹2834.03
5 ₹2124.70 ₹2431.81

### How can the Aditya Birla Personal Loan EMI Calculator Benefit You?

Time Saver: If you do the calculation by yourself, you’ll definitely be drained out by the number of hours and energy it will take. Whereas, the personal loan EMI calculator by Aditya Birla does the job in a matter of few seconds. Yes, that’s true. Within moments of you entering the three details, the personal loan calculator gives you the EMI result.

Easy Usage: It’s not some complex technology to use. Aditya Personal Loan EMI Calculator is just like the regular calculator where you enter a few details and the calculator does the rest of the job for you.

Assists in Planning: When you take a debt, paying it off should be your first priority. Normally, personal loan EMIs take away 20-30% of your salary. So, a planning, well-in-advance, is definitely need. In order to plan, you need an approximate figure, which is the result provided by the personal loan EMI Calculator by Aditya Birla. The Equated Monthly Installment (EMI) value helps you plan out your expenses after you’ve taken the loan. You will know what expenses to cut down and which ones are necessary.

Helps in Comparison: The EMI value determined by the Aditya Birla Personal Loan calculation helps you to make comparison with other lenders so that you choose what is best suited for you.

Helps in Comparison: The EMI value determined by the Aditya Birla Personal Loan calculation helps you to make comparison with other lenders so that you choose what is best suited for you.

## What is Aditya Birla's Personal Loan Eligibility?

Checking if you qualify for an Aditya Birla Personal Loan can greatly improve your chances of getting approved and securing favorable terms. Here are the basic requirements you need to meet:

• Minimum Age: You must be at least 23 years old.
• Maximum Age: You cannot be older than 55 years.
• Employment: You need to have a steady job with a regular income.
• Citizenship: You must be a resident citizen.

## What are the Factors Affecting Aditya Birla Personal Loan EMI?

We have outlined the factors that affect the EMI for Aditya Birla Personal Loans below:

• Interest Rates: By availing personal loans at lower interest rates, borrowers would be required to pay lower EMIs and interest costs. On the other hand, getting a personal loan at higher interest rates would require borrowers to pay higher EMIs and interest costs.
• Loan Amount: Prospective borrowers can get Aditya Birla Personal Loans up to Rs 50 lakh. A larger loan will mean higher monthly payments. Also, how much you can borrow mainly depends on your ability to pay back the loan and the length of the loan term.
• Repayment Tenure: Aditya Birla Capital provides personal loans that can be repaid over up to 7 years. Choosing a longer repayment period means borrowers will have lower monthly payments, but the total amount paid in interest over the life of the loan could be higher. Therefore, borrowers might want to use a personal loan EMI calculator to figure out the best loan term for their financial situation.
• Credit Score: Your credit score also plays a crucial role in determining your personal loan conditions. A higher credit score can lead to better interest rates, which means lower EMIs. On the other hand, a lower credit score might result in higher interest rates, increasing your monthly payments. It's important to maintain a good credit score to access favorable loan terms and manage your repayment effectively.

## What are the Fees and Charges Associated with Aditya Birla Personal Loan?

Fee Type Details
Processing Fee Up to 3% of the loan amount
Pre-closure Charges ₹1,000 + GST
Cheque Return Charges ₹500 + GST
CIBIL Report Retrieval Charges ₹100 + GST
Loan Cancellation Charges 4% of the loan amount + GST
Default Penal Charges 3% of the pending amount per month
Stamp Duty As per actuals
Part Pre-payment Charges (Term Loan) No charge for up to 20% of disbursed amount; 3% + GST if greater; no prepayments in first 12 months
Part Pre-payment Charges (Flexi Loan) No charges for payment through mobile apps/portal; no limit reduction available
Foreclosure Charges (Term Loan) 4% of the principal outstanding + GST
Foreclosure Charges (Flexi Loan) 4% of the withdrawn amount + GST

## What are the Limitations of Using Aditya Birla Personal Loan EMI Calculator?

While Aditya Birla's personal loan is a useful tool for estimating monthly payments on personal loans, it has its limitations. Some of them are listed below:

• Limited Customization: The calculator may not account for all possible variations in loan terms and conditions. For example, it might not include options for different repayment schedules or special loan features that some borrowers might have.
• Static Interest Rates: The calculator typically uses a fixed interest rate for calculations. It may not accurately reflect variable interest rates or changes in rates over time, which can affect the actual EMI.
• Eligibility Criteria Not Considered: The calculator does not consider the borrower's eligibility criteria, such as credit score, income, or existing debt. These factors can significantly influence the loan terms as well as EMI.
• No Consideration for Fees or Charges: Additional fees and charges associated with the loan, such as processing fees, late payment penalties, or prepayment charges, are often not included in the EMI calculation. This can lead to an underestimation of the total cost of the loan.