Bank of Baroda Personal Loan EMI Calculator

Calculating your monthly installments is no more a hassle as Bank of Baroda Personal Loan EMI Calculator is here. Yes, this magical and smart device with its well-designed algorithms allows you to know your EMI, Interest Outgo and Total Amount Payable in a hassle-free manner. This time-saving tool fetches the values in just a few seconds after taking into consideration:

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

  • Loan Amount
  • Interest Rate
  • Tenure

A personal loan EMI Calculator is accurate, precise and at the same time easy to use, allowing you to know the exact calculations of your monthly installment in the best way. This is the reason that many loan-seekers prefer to use this online tool in order to know their monthly installments in just a few seconds.

Bank of Baroda Personal Loan EMI Calculator

Let’s just have a better understanding of the same with the help of an example below.

Suppose, Piyush Gupta, a 30-year-old, Interior Decorator by profession is looking for a personal loan of ₹5 Lakh for a vacation in Australia. The bank has agreed to offer the loan at an interest rate of 11.55% per annum for a tenure of 5 years. So, let’s take a look at the calculations of EMI, Interest Outgo and Total Amount Payable in the table below.

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

Bank of Baroda 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