Personal Loan EMI Calculator4147 views
- Know your perfect EMI with a loan EMI calculator.
- Using an EMI calculator can help you save money.
Whenever you apply for a loan, it is important that you compare different rates. The comparison between the rates means you calculate the EMIs for different rates by keeping the loan amount and tenure same. You can use a personal loan calculator before applying at United Bank of India. A calculation for your understanding is done below wherein you can change the details as per your requirement.
Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest) Year Principal Interest Balance Amount
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United Bank of India Personal Loan EMI Calculator
A loan calculator takes into account basic details (loan amount, tenure and rate of interest) based on which it shows the result of EMI, total interest outgo and total repayment amount. A loan calculator is available online and is totally free of cost which means you can use it as many times as you want till the time you are satisfied with the deal and the dealer.
How much EMI will you have to pay?
Below is an example if you take a personal loan with the data as mentioned in the table.
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount ₹ 2,00,000 14% 1 ₹ 17,957 ₹ 15,489 ₹ 2,15,489 ₹ 2,00,000 14% 2 ₹ 9603 ₹ 30,462 ₹ 2,30,462 ₹ 2,00,000 14% 3 ₹ 6836 ₹ 46,079 ₹ 2,46,079 Year Principal Interest Balance Amount 1 ₹ 57,631 ₹ 24,395 ₹ 1,42,368 2 ₹ 66,238 ₹ 15,788 ₹ 76,130 3 ₹ 76,209 ₹ 5896 ₹ 0
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)