| RESULTS | |
|---|---|
| Loan Amount | ₹₹ 2,50,000 |
| Interest Rate | 10.99%% |
| Tenure(Months) | 224 |
| Monthly Instalment (EMI) | ₹₹ 2,631 |
| Total Interest Amount | ₹ ₹ 3,39,334 |
| Total Amount (Principal + Interest) | ₹₹ 5,89,334 |
Highlights
- Know your payments in advance with EMI calculator.
- Use an EMI calculator to know your perfect EMI.
While taking any kind of loan, you must check the monthly installments. The importance of doing so is that you then prepare yourself for the payments and manage your finances accordingly. At Vijaya Bank, where the maximum tenure available for personal loans is 5 years, you may choose the one as per your convenience so that payments are regular. In this article, we have shown a graphical representation of the payment system.
Vijaya Bank Personal Loan EMI Calculator
Below is an example showing the payment details for a default value. When you take a personal loan from Vijaya Bank personal loan.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
| LOAN AMOUNT | INTEREST RATE | TENURE | MONTHLY INSTALMENT | TOTAL INTEREST AMOUNT | TOTAL AMOUNT |
|---|---|---|---|---|---|
| ₹ 6,00,000 | 13% | 1 | ₹ 53,590 | ₹ 43,084 | ₹ 6,43,084 |
| ₹ 6,00,000 | 13% | 2 | ₹ 28,525 | ₹ 84,602 | ₹ 6,84,602 |
| ₹ 6,00,000 | 13% | 3 | ₹ 20,216 | ₹ 1,27,789 | ₹ 7,27,789 |
| ₹ 6,00,000 | 13% | 4 | ₹ 16,096 | ₹ 1,72,632 | ₹ 7,72,632 |
| ₹ 6,00,000 | 13% | 5 | ₹ 13,652 | ₹ 2,19,111 | ₹ 8,19,111 |
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| YEAR | PRINCIPAL | INTEREST | BALANCE AMOUNT |
|---|---|---|---|
| 1 | ₹ 91,124 | ₹ 72,697 | ₹ 5,08,875 |
| 2 | ₹ 1,03,703 | ₹ 60,119 | ₹ 4,05,171 |
| 3 | ₹ 1,18,017 | ₹ 45,805 | ₹ 2,87,154 |
| 4 | ₹ 1,34,307 | ₹ 29,514 | ₹ 1,52,846 |
| 5 | ₹ 1,52,992 | ₹ 10,976 | ₹ 0 |