# Karur Vysya Bank Personal Loan EMI Calculator

### Highlights

• Get an Idea of Your Repayment Future with EMI Calculator
• Apply for KVB Personal Loan Online

## About Karur Vysya Bank Personal Loan EMI Calculator

Planning a Karur Vysya Bank Personal Loan to fly off to the chilly locales of Europe? So to make your plan a grand success, not only the interest rates but even the resultant EMIs have to be lower. After a negotiation with the lender for lower rates, the focus shifts to calculating the EMI on a proposed loan. To do the same, the Personal Loan EMI Calculator is ready with its in-built algorithms and certified mechanisms. Why not then read more about the calculator?

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Results
 Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

## What is EMI?

Abbreviated for Equated Monthly Installments, EMIs constitute portions of both principal and interest repayments of a loan to be paid over the tenure of a loan. Needless to say, higher the rates greater will be the EMI and vice-versa. But it’s not only the interest rates that dictate the figure of EMI but also the loan amount and tenure. The proposed EMI must be within 20%-30% of your net monthly income.

### EMI Calculation Formula

Strong in mathematics? Find the proposed EMI by using the formula below.

E = P . R . (1+R)^N/((1+R)^N – 1),

Where E = EMI
P = Principal Loan Amount
R = Rate of Interest
N = Monthly Loan Tenure

Well, the formula may not be easy for most to solve. So, an example below will ease out the calculation for you.

Example – Harish Munjal applied for a personal loan worth 5 lakh at Karur Vysya Bank (KVB). The bank approves the application and offered the loan at an interest rate of 13.50%, based on his eligibility, for 5 years. Let’s check out the likely EMI and interest repayments.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00013.50%1₹ 44,776₹ 37,312₹ 5,37,312
₹ 5,00,00013.50%2₹ 23,889₹ 73,324₹ 5,73,324
₹ 5,00,00013.50%3₹ 16,968₹ 1,10,835₹ 6,10,835
₹ 5,00,00013.50%4₹ 13,538₹ 1,49,832₹ 6,49,832
₹ 5,00,00013.50%5₹ 11,505₹ 1,90,295₹ 6,90,295

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

YearPrincipalInterestBalance Amount
1₹ 75,092₹ 62,966₹ 4,24,907
2₹ 85,881₹ 52,177₹ 3,39,025
3₹ 98,220₹ 39,838₹ 2,40,804
4₹ 1,12,332₹ 25,726₹ 1,28,471
5₹ 1,28,599₹ 9587₹ 0