Bandhan Bank Personal Loan EMI Calculator

EMI Calculator 2018 2599 views

Knowing the monthly installments of your personal loan has become easier and simpler with none other than Bandhan Bank Personal Loan EMI Calculator. A fast, smart and reliable online tool that allows you to know the exact calculations of your EMI, Interest Outgo and Total Amount Payable towards a loan. The device functions really quick and allows you to plan your expenses accordingly.

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure(year)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
Year Principal Interest Balance Amount

The device takes into consideration:

  • Interest Rate
  • Tenure
  • Loan Amount
    After feeding these details, the tool fetches the values and gives the results in just a few seconds. So that one can easily know the exact calculations related to EMI, Interest Outgo and Total Amount Payable.

Bandhan Bank Personal Loan EMI Calculator

Let us understand the concept of a personal loan EMI Calculator via an example below.

Suppose, Ankit Aggarwal, a 30-year-old, Senior Manager by profession is looking for a personal loan of ₹5 Lakh. The bank has agreed to offer him the same amount at an interest rate of 12% per annum for a tenure of 3 years. Now let’s look at the calculations of EMI, Interest and Total Amount Payable below on the page.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

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

Year Principal Interest Balance Amount

Bandhan 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

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EMI Calculator