When it comes to availing a personal loan from Fullerton India, it is important to talk about EMI Calculation. Yes, what would be the exact amount of your monthly installments? Is it going to be pocket-friendly or not? Well, the answers of all these questions is just one, i.e. EMI Calculator. That’s right! A personal loan EMI Calculator is one such magical tool that lets you know about your EMIs, Interest Outgo and Total Amount Payable within few seconds. By taking into account:
- Interest Rate
- Tenure
- Loan Amount
Apply Fullerton Personal Loan @ 12.00%* Rate
| Loan Amount | |
| Interest Rate | |
| Tenure(Months) | |
| Monthly Instalment (EMI) | |
| Total Interest Amount | |
| Total Amount (Principal + Interest) |
| Year | Principal | Interest | Balance Amount |
|---|
Fullerton India Personal Loan EMI Calculator
To make you understand better, let’s just take the help from an example below.
Suppose, Pulkit Gupta, a 27-year-old Software Engineer by profession is looking for a personal loan of INR 5 Lakh so as to travel to Australia. After checking his profile the lender has agreed to offer him the loan at an interest rate of 14% per annum for a tenure of 5 years. But before availing the loan, Pulkit wants to know whether his EMIs are going to be affordable or not? So, let’s take a look at the table below to know the exact calculation of EMIs, Interest and Total Amount Payable on a personal loan.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
| Loan Amount | Interest Rate | Tenure | Monthly Instalment | Total Interest Amount | Total Amount |
|---|---|---|---|---|---|
| ₹ 5,00,000 | 14% | 1 | ₹ 44,894 | ₹ 38,723 | ₹ 5,38,723 |
| ₹ 5,00,000 | 14% | 2 | ₹ 24,006 | ₹ 76,155 | ₹ 5,76,155 |
| ₹ 5,00,000 | 14% | 3 | ₹ 17,089 | ₹ 1,15,197 | ₹ 6,15,197 |
| ₹ 5,00,000 | 14% | 4 | ₹ 13,663 | ₹ 1,55,835 | ₹ 6,55,835 |
| ₹ 5,00,000 | 14% | 5 | ₹ 11,634 | ₹ 1,98,048 | ₹ 6,98,048 |
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| Year | Principal | Interest | Balance Amount |
|---|---|---|---|
| 1 | ₹ 74,254 | ₹ 65,355 | ₹ 4,25,745 |
| 2 | ₹ 85,343 | ₹ 54,266 | ₹ 3,40,401 |
| 3 | ₹ 98,089 | ₹ 41,520 | ₹ 2,42,312 |
| 4 | ₹ 1,12,738 | ₹ 26,871 | ₹ 1,29,574 |
| 5 | ₹ 1,29,708 | ₹ 10,035 | ₹ 0 |
Fullerton India Personal Loan EMI Calculation Formula
An EMI 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
Fullerton personal loan interest rates start from 14.00% per annum, and EMI for different time periods is shown in the table below.
| Loan Amount ₹ | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|
| 1.00 lakh | ₹4,801 | ₹3,418 | ₹2,733 | ₹2,327 |
| 3.00 lakh | ₹14,404 | ₹10,253 | ₹8,198 | ₹6,980 |
| 5.00 lakh | ₹24,006 | ₹17,089 | ₹13,663 | ₹11,634 |
| 7.00 lakh | ₹33,609 | ₹23,924 | ₹19,129 | ₹16,288 |
| 10.00 lakh | ₹48,013 | ₹34,178 | ₹27,326 | ₹23,268 |
| 15.00 lakh | ₹72,019 | ₹51,266 | ₹40,990 | ₹34,902 |
The personal loan interest rate by Fullerton India is up to 33.00% per annum for which the EMI would be as in the below mentioned table.
| Loan Amount ₹ | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|
| 1.00 lakh | ₹5,747 | ₹4,411 | ₹3,777 | ₹3,422 |
| 3.00 lakh | ₹17,241 | ₹13,233 | ₹11,331 | ₹10,266 |
| 5.00 lakh | ₹28,734 | ₹22,056 | ₹18,886 | ₹17,110 |
| 7.00 lakh | ₹40,228 | ₹30,878 | ₹26,440 | ₹23,954 |
| 10.00 lakh | ₹57,469 | ₹44,111 | ₹37,772 | ₹34,220 |
| 15.00 lakh | ₹86,203 | ₹66,167 | ₹56,657 | ₹51,330 |