Federal Bank Personal Loan EMI Calculator

Highlights

  • Use EMI calculator to choose the perfect EMI.
  • Check your EMIs before you apply for a personal loan.

A personal loan EMI calculator not only is beneficial to get the exact amount of the payment but also saves your time. In the case of personal loans, Federal Bank has the facility of flexible tenure with which you can choose the tenure that is suitable for you. It is also important to note that you must choose the tenure based on your EMI payment capacity.

EMI Calculator forPersonal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure(year)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

Federal Bank Personal Loan EMI Calculator

Below is the EMI calculation if you plan to take a personal loan of ₹5 lakhs from Federal Bank and have go the rate of 11.75% per annum and the tenure you have chosen is 5 years. You can also go through the amortization schedule to see how much balance will remain at the end of each year if you pay the EMI regularly.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00011.75%1₹ 44,366₹ 32,391₹ 5,32,391
₹ 5,00,00011.75%2₹ 23,478₹ 63,482₹ 5,63,482
₹ 5,00,00011.75%3₹ 16,548₹ 95,711₹ 5,95,711
₹ 5,00,00011.75%4₹ 13,106₹ 1,29,070₹ 6,29,070
₹ 5,00,00011.75%5₹ 11,059₹ 1,63,550₹ 6,63,550

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

YearPrincipalInterestBalance Amount
1₹ 78,075₹ 54,634₹ 4,21,924
2₹ 87,760₹ 44,950₹ 3,34,163
3₹ 98,646₹ 34,064₹ 2,35,517
4₹ 1,10,882₹ 21,828₹ 1,24,635
5₹ 1,24,742₹ 8074₹ 0

What is the formula used for EMI calculation?

Below is the formula that is used for the EMI calculation:

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

People Also Look For

Personal Loan Interest Rates October 2018
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% - 14.50%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator