Oriental Bank of Commerce Personal Loan EMI Calculator

Loan Amount (₹) ₹

₹ 50k ₹ 50L

Rate of Interest (%) %

6.0% 30.0%

Loan Tenure (months) Months

6 months 30 years

Principal Amount

Interest Amount

Monthly EMI

₹4,442.44

Principal Amount

₹ 50,000

Interest Amount

₹ 3,309.27

Tenure (Month)

12 months

Total Amount

₹53,309.27

Your Amortization Details (Yearly/Monthly)

2024

Month	Principal Paid	Interest Charged	Total Payment	Balance
Aug	₹3,942.44	₹500.00	₹4,442.44	₹46,057.56
Sept	₹3,981.86	₹460.58	₹4,442.44	₹42,075.70
Oct	₹4,021.68	₹420.76	₹4,442.44	₹38,054.01
Nov	₹4,061.90	₹380.54	₹4,442.44	₹33,992.11
Dec	₹4,102.52	₹339.92	₹4,442.44	₹29,889.60

2025

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹4,143.54	₹298.90	₹4,442.44	₹25,746.05
Feb	₹4,184.98	₹257.46	₹4,442.44	₹21,561.07
Mar	₹4,226.83	₹215.61	₹4,442.44	₹17,334.25
Apr	₹4,269.10	₹173.34	₹4,442.44	₹13,065.15
May	₹4,311.79	₹130.65	₹4,442.44	₹8,753.36
Jun	₹4,354.91	₹87.53	₹4,442.44	₹4,398.45
Jul	₹4,398.45	₹43.98	₹4,442.44	₹0.00

NOTE: As of 1st April 2020, Oriental Bank of Commerce has been merged with Punjab National Bank and ceased operations as a separate entity.

Highlights

EMI Calculator - A Guide to Plan Your Repayment
Personal Loan EMI Calculator Available Online

About Oriental Bank of Commerce Personal Loan EMI Calculator

Busy mulling the cost of Oriental Bank of Commerce Personal Loan? Start using the EMI Calculator that can show the summary of repayment ahead. Taking a note of the findings, you can plan your personal loan journey with Oriental Bank of Commerce (OB) perfectly by making a few adjustments in your overall spends, month-on-month.

What is EMI?

The equated monthly installments (EMIs) combine portions of both principal and interest payable towards a personal loan each month. Use the EMI calculator to get an idea of the indicative installments as well as the interest outgo over 5 years, the maximum time given to repay a personal loan at OBC. You just need to input loan amount, the rate of interest and tenure in the calculator, available online, to compute the same.

What is the Formula to Calculate Personal Loan EMI?

The calculator takes into account the following formula to compute the EMI.

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

You may like to take the help of an example to understand the functioning of EMI Calculator. Keeping that in mind, an example is shown right below.

Example – Ravi Chaturvedi, a 32-year old sales manager in an advertising firm, applied for a 5-year personal loan worth ₹6 lakh for the marriage of his younger brother. The interest rate charged in his case was 11.65%. In that case, what will be the EMI and interest? Check that out in the table below.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

LOAN AMOUNT	INTEREST RATE	TENURE	MONTHLY INSTALMENT	TOTAL INTEREST AMOUNT	TOTAL AMOUNT
₹ 6,00,000	11.65%	1	₹ 53,211	₹ 38,533	₹ 6,38,533
₹ 6,00,000	11.65%	2	₹ 28,146	₹ 75,507	₹ 6,75,507
₹ 6,00,000	11.65%	3	₹ 19,828	₹ 1,13,824	₹ 7,13,824
₹ 6,00,000	11.65%	4	₹ 15,697	₹ 1,53,475	₹ 7,53,475
₹ 6,00,000	11.65%	5	₹ 13,241	₹ 1,94,447	₹ 7,94,447

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

YEAR	PRINCIPAL	INTEREST	BALANCE AMOUNT
1	₹ 93,898	₹ 64,991	₹ 5,06,101
2	₹ 1,05,440	₹ 53,449	₹ 4,00,660
3	₹ 1,18,402	₹ 40,487	₹ 2,82,258
4	₹ 1,32,957	₹ 25,932	₹ 1,49,301
5	₹ 1,49,428	₹ 9588	₹ 0