Bank of Maharashtra Personal Loan EMI Calculator

Calculate your monthly installments via personal loan EMI Calculator and make your personal loan journey a hassle-free experience. The device with its fastest algorithms allows you to know the exact calculations of your EMI, Interest Outgo and Total Amount Payable in a hassle-free manner. This online tool after taking into account:

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Loan Amount
Interest Rate
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

  • Interest Rate
  • Tenure
  • Loan Amount

    Allows you to know the accurate and precise results of your personal loan in just a few seconds. Yes, within few seconds, the device starts to function and gives the values without any hassle.

Bank of Maharashtra Personal Loan EMI Calculator

Let’s just know more about this magical device with the help of an example below.
Suppose, Neha Gupta, a 30-year-old, Senior Content Writer by profession wants to apply for a personal loan of ₹1 Lakh. She has applied in BOM and the lender has approved her loan application after verifying her profile. The lender is ready to offer her the same loan amount at an interest rate of 11.65% per annum for a tenure of 3 years. So, let’s find out the EMI and Interest Outgo in Neha’s case.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 1,00,00011.65%1₹ 8869₹ 6422₹ 1,06,422
₹ 1,00,00011.65%2₹ 4691₹ 12,584₹ 1,12,584
₹ 1,00,00011.65%3₹ 3305₹ 18,971₹ 1,18,971

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

YearPrincipalInterestBalance Amount
1₹ 29,551₹ 10,105₹ 70,448
2₹ 33,184₹ 6472₹ 37,263
3₹ 37,295₹ 2393₹ 0

Bank of Maharashtra 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]
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Installments

People Also Look For

Free CIBIL Score I am capable of more #InvestForProgress
Personal Loan Interest Rates April 2019
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 18.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates April 2019
State Bank of India/SBI8.60% - 9.35%
HDFC8.70% - 9.65%
LIC Housing8.95% - 9.15%
PNB Housing Finance9.00% - 13.00%
Piramal Capital & Housing Finance8.85% - 8.95%
ICICI Bank9.05% - 9.25%
Bank of Baroda8.65% - 9.65%
Axis Bank8.85% - 9.10%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%