# Andhra Bank 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

## 2025

NOTE: As of 1st April 2020, Andhra Bank has been merged with Union Bank of India and no longer works as a separate entity.

Gone are the days when people used to calculate their monthly installments manually via a complex formula. Today, with the presence of a smart and effective online tool known as Andhra Bank Personal Loan EMI Calculator, knowing the exact calculations of EMI and Interest has become easier and faster. That’s Right! This time-saving device with its well-designed algorithms allows a user to know the Monthly Installments, Interest Outgo and Total Amount Payable in just a few seconds.

This online tool starts functioning when a user feeds the below values:

• Loan Amount
• Tenure
• Interest Rate

After taking into consideration these inputs, the device starts functioning and fetches the results in just a few seconds. It is absolutely easy to use the same and because it is available 24×7, you can access it anytime, anywhere.

Below is a table showing tenure wise per lakh EMI Calculations of Andhra Bank Personal Loan

Tenure (in years) Interest Rate (in per annum) Per Lakh EMI (in ₹ )
1 11.25%-12.90% 8,850-8,927
2 11.25%-12.90% 4,672-4,749
3 11.25%-12.90% 3,286-3,365
4 11.25%-12.90% 2,597-2,678
5 11.25%-12.90% 2,187-2,270

### Andhra Bank Personal Loan EMI Calculator

Well, for a better understanding of Personal Loan EMI Calculator , let’s just take the help of an example below.

Suppose, Namit Verma, a 27-year-old, Interior Decorator by profession is looking for a personal loan of ₹2 Lakh to expand his business. Thus, he has applied for the same in Andhra Bank and after evaluating his profile, the bank has agreed to offer him the loan at an interest rate of 11.25% for a tenure of 5 years. So, let’s just take a look below to know the exact calculations of EMI, Interest Outgo and Total Amount Payable in this case.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

LOAN AMOUNT INTEREST RATE TENURE MONTHLY INSTALMENT TOTAL INTEREST AMOUNT TOTAL AMOUNT
₹ 2,00,000 11.25% 1 ₹ 17,700 ₹ 12,396 ₹ 2,12,396
₹ 2,00,000 11.25% 2 ₹ 9345 ₹ 24,275 ₹ 2,24,275
₹ 2,00,000 11.25% 3 ₹ 6571 ₹ 36,572 ₹ 2,36,572
₹ 2,00,000 11.25% 4 ₹ 5193 ₹ 49,284 ₹ 2,49,284
₹ 2,00,000 11.25% 5 ₹ 4373 ₹ 62,408 ₹ 2,62,408

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

YEAR PRINCIPAL INTEREST BALANCE AMOUNT
1 ₹ 31,576 ₹ 20,905 ₹ 1,68,423
2 ₹ 35,318 ₹ 17,163 ₹ 1,33,104
3 ₹ 39,502 ₹ 12,979 ₹ 93,602
4 ₹ 44,183 ₹ 8298 ₹ 49,418
5 ₹ 49,459 ₹ 3063 ₹ 0

### Andhra Bank Personal Loan EMI Calculation 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