Personal Loan EMI Calculator1174 views
- Check the monthly installments before you apply for Corp Personal Loan.
A personal loan from Corporation Bank is the medium through which you can keep the savings untouched. You get the finance to manage the present need and still manage to maintain the savings be it in the form of fixed deposit or savings account balance or mutual funds. You can apply for the loan online and also calculate the payments with the help of a loan or EMI calculator. The tool is simple to use and gives the result in just a few seconds of the research.
Table of Contents
Corporation Bank Personal Loan EMI Calculator
The calculator takes into account the basic details of the loan that is the loan amount, the interest rate and the loan amount. You know that the rate offered by the bank is the annual rate of interest so the EMI calculator tool converts the annual rate into the monthly rate and then shows the monthly EMI. Have a look at the interest rate calculator below for reference.
Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest) Year Principal Interest Balance Amount
What is the personal loan interest rate at Corporation Bank?
The rate offered by Corporation Bank is floating as it is dependent on the MCLR of the bank. From April 1, 2016 RBI has issued a notice that all banks have to link the rate to the Marginal Cost of Lending Rate (MCLR). At present, the 1-Year MCLR of Corporation Bank with respect to December 2017 is 8.65%.