Dena Bank Personal Loan EMI Calculator

Loan Amount (₹) ₹

₹ 50k ₹ 50L

Rate of Interest (%) %

6.0% 30.0%

Loan Tenure (months) Months

6 months 30 years

Principal Amount

Interest Amount

Monthly EMI

₹4,442.44

Principal Amount

₹ 50,000

Interest Amount

₹ 3,309.27

Tenure (Month)

12 months

Total Amount

₹53,309.27

Your Amortization Details (Yearly/Monthly)

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

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹4,143.54	₹298.90	₹4,442.44	₹25,746.05
Feb	₹4,184.98	₹257.46	₹4,442.44	₹21,561.07
Mar	₹4,226.83	₹215.61	₹4,442.44	₹17,334.25
Apr	₹4,269.10	₹173.34	₹4,442.44	₹13,065.15
May	₹4,311.79	₹130.65	₹4,442.44	₹8,753.36
Jun	₹4,354.91	₹87.53	₹4,442.44	₹4,398.45
Jul	₹4,398.45	₹43.98	₹4,442.44	₹0.00

NOTE: As of 1st April 2019, Dena Bank has been merged with Bank of Baroda and no longer functions as an independent entity.

Highlights

Know your personal loan EMIs in advance.
Be prepared to pay the amount in advance.

A loan calculator or an interest calculator helps you in knowing the payments in advance so that you are ready to pay that amount. The calculator takes into account the basic details like the loan amount, the rate and the tenure based on which it will show the results. The tool is available online and is free to use anytime as per your convenience. Here is an example with the graphical representation of the payments.

What is the formula used for the calculation of EMI?

The calculation of the EMI is done by the calculator with the below:
E=P . r . (1+r)^n/((1+r)^n – 1)
where,
E=EMI (Equated Monthly Installment)
P=Principal Loan Amount
r=Monthly Interest Rate
n=Monthly Loan Tenure

What is the EMI for Dena Bank Personal Loan?

Suppose you have plans to apply for a personal loan at Dena Bank and you want to know the payments in advance so that you can manage your other financial liabilities accordingly. Considering you have the requirement of ₹2,00,000 and want to take the loan for 3 years, the bank has offered you the rate of 13.45% per annum. Below is the EMI, the total interest outgo and the total repayment amount you will be liable to pay. Also, you can refer to the amortization schedule which is the balance amount at the end of each year.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

LOAN AMOUNT	INTEREST RATE	TENURE	MONTHLY INSTALMENT	TOTAL INTEREST AMOUNT	TOTAL AMOUNT
₹ 2,00,000	13.45%	1	₹ 17,906	₹ 14,868	₹ 2,14,868
₹ 2,00,000	13.45%	2	₹ 9551	₹ 29,217	₹ 2,29,217
₹ 2,00,000	13.45%	3	₹ 6782	₹ 44,160	₹ 2,44,160

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

YEAR	PRINCIPAL	INTEREST	BALANCE AMOUNT
1	₹ 57,974	₹ 23,412	₹ 1,42,025
2	₹ 66,270	₹ 15,116	₹ 75,754
3	₹ 75,830	₹ 5632	₹ 0