Indiabulls Personal Loan EMI Calculator

Want to avail a personal loan but don’t know what would be the exact calculations of your monthly installments? Well, in such a case, all you need to know about the Indiabulls personal loan EMI calculator that helps you to know the exact calculations of not only your monthly installments but Interest Outgo as well.

This magical device soon after taking into account:

  • Loan Amount
  • Tenure
  • Interest Rate

Fetches the accurate results for you in the least time frame. This online tool with its well-designed algorithms starts to function properly and churns out the accurate values for you in the best manner.

Indiabulls Personal Loan EMI Calculator

Let’s just have a better understanding of the same with the help of an example below:

Suppose, Ankit Verma, a 32-year-old, Software Engineer by profession is looking for a personal loan of Rs.5 Lakh so as to renovate his home. In order to avail the same credit facility, he has applied in Indiabulls and soon after evaluating his profile the lender got agreed to offer him the loan at an interest rate of 11.99% per annum for a tenure of 6 years. But before signing the agreement, Ankit wants to know the exact amount of the monthly installments that he needs to give away to the lender every month in order to repay the loan. And, in order to know the same, he used a personal loan EMI calculator. So, in case, you want to know the exact calculations of the EMIs, just take a look at the table below:

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00011.99%1₹ 44,422₹ 33,065₹ 5,33,065
₹ 5,00,00011.99%2₹ 23,534₹ 64,826₹ 5,64,826
₹ 5,00,00011.99%3₹ 16,605₹ 97,772₹ 5,97,772
₹ 5,00,00011.99%4₹ 13,164₹ 1,31,894₹ 6,31,894
₹ 5,00,00011.99%5₹ 11,120₹ 1,67,182₹ 6,67,182

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

YearPrincipalInterestBalance Amount
1₹ 77,662₹ 55,774₹ 4,22,337
2₹ 87,503₹ 45,933₹ 3,34,834
3₹ 98,591₹ 34,845₹ 2,36,243
4₹ 1,11,083₹ 22,353₹ 1,25,159
5₹ 1,25,269₹ 8277₹ 0

Indiabulls Personal Loan EMI Calculation Formula

In order to calculate an EMI, the calculator uses the below formula:

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


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