Highlights
- Use a loan EMI calculator to be double sure.
- Know your payments and be prepared accordingly.
With the help of a personal loan EMI calculator, you can check your EMIs in advance and complete the process of repayment without any hassle. At IndusInd Bank, personal loans can be taken for the maximum tenure of 5 years and the rate is subject to change on the basis of your repayment capacity. Below is an example wherein you can change the details as per your requirement. You may also notice the graphical representation of the payment.
| Loan Amount | |
| Interest Rate | |
| Tenure(Months) | |
| Monthly Instalment (EMI) | |
| Total Interest Amount | |
| Total Amount (Principal + Interest) |
| Year | Principal | Interest | Balance Amount |
|---|
IndusInd Bank Personal Loan EMI Calculator
A loan calculator only asks for the loan amount, rate of interest and tenure of your loan. Based on these, it would show the results for monthly installment, total interest outgo and the total repayment which is the combination of the principal amount and the interest you pay to the bank.
IndusInd Personal Loan EMI Calcualtor Details
In the below tables, you can have a look at the EMI amount for different loan amounts at the end of different periods at an IndusInd Bank personal loan interest rate of 10.99% to 16 % per annum.
IndusInd Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 10.99% per annum
You can have a look at the EMI amounts for a period of 2, 3, 4 and 5 years respectively for a loan amount ranging from 1 lakh to 15 lakh at an interest rate of 10.99% per annum.
| Loan Amount | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|
| INR 1,00,000 | INR 4,660 | INR 3,273 | INR 2,584 | INR 2,174 |
| INR 3,00,000 | INR 26,513 | INR 13,981 | INR 7,752 | INR 6,521 |
| INR 5,00,000 | INR 23,302 | INR 16,367 | INR 12,920 | INR 10,869 |
| INR 7,00,000 | INR 32,622 | INR 22,914 | INR 18,088 | INR 15,216 |
| INR 10,00,000 | INR 46,603 | INR 32,734 | INR 25,841 | INR 21,737 |
| INR 15,00,000 | INR 69,905 | INR 49,101 | INR 38,761 | INR 32,606 |
IndusInd Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 16.00% per annum
You can have a look at the EMI amounts for a period of 2, 3, 4 and 5 years respectively for a loan amount ranging from 1 lakh to 15 lakh at an interest rate of 16% per annum.
| Amount (in ₹) | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|
| 1,00,000 | ₹ 4,896 | ₹ 3,516 | ₹ 2,834 | ₹ 2,432 |
| 3,00,000 | ₹ 14,689 | ₹ 10,547 | ₹ 8,502 | ₹ 7,295 |
| 5,00,000 | ₹ 24,482 | ₹ 17,579 | ₹ 14,170 | ₹ 12,159 |
| 7,00,000 | ₹ 34,274 | ₹ 24,610 | ₹ 19,838 | ₹ 17,023 |
| 10,00,000 | ₹ 48,963 | ₹ 35,157 | ₹ 28,340 | ₹ 24,318 |
| 15,00,000 | ₹ 73,445 | ₹ 52,736 | ₹ 73,445 | ₹ 36,477 |
Frequently Asked Questions
1. How Indusind Bank Personal loan EMI is calculated?
The EMI on the Indusind Bank Personal Loan is calculated on the basis of Principal Amount, Tenure, and Rate of Interest. Your EMI will get reduced if you borrow a loan at a low-interest rate.
2. How can I pay Indusind bank Loan EMI?
You can pay the EMI through the Auto-Debit facility given by the IndusInd Bank. The bank will deduct the EMI on the date given by you until the expiry of the tenure and your IndusInd bank personal loan will be cleared.
3. What is the formula to calculate Personal loan EMI?
The formula to calculate the Personal Loan EMI is:-
EMI = P x R x (1+R)^n/((1+R)^n-1)
P is the Personal Loan Amount
R is the Rate of Interest Per month.
Small “n” represents the tenure given by the bank
4. What factors affect Indusind Bank Personal Loan EMI?
The factors that affect the IndusInd Bank Personal Loan EMI are the Personal Loan Amount, Tenure, and the Rate of interest charged by the bank.
5. What is the best way to calculate EMI for an Indusind Bank Loan?
The best way to calculate the EMI is through the IndusInd Bank personal loan EMI calculator. You will just have to enter the Loan Amount, Tenure, and rate of interest to calculate the exact EMI of your personal loan.