Personal Loan EMI Calculator Online | Union Bank of India 

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Personal loan EMI calculator

Loan Amount

₹ 0

₹ 10,00,00,000

Illustrative Interest Rates (In %p.a)

%

0%

20%

Tenure (In Months)

0

360

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Month Opening Balance Interest Paid During The Month Principal Repaid During The Month Closing Balance
1 500,000 4,271 25,815 474,185
2 474,185 4,050 26,036 448,149
3 448,149 3,828 26,258 421,891
4 421,891 3,604 26,482 395,408
5 395,408 3,377 26,709 368,700
6 368,700 3,149 26,937 341,763
7 341,763 2,919 27,167 314,596
8 314,596 2,687 27,399 287,197
9 287,197 2,453 27,633 259,564
10 259,564 2,217 27,869 231,695

Principle Amount

Total Interest

Total repayment = Principle amount + Total interest

Monthly Payment EMI

₹ 0

Total Interest

₹ 0

Total Repayment

₹ 0

Use an EMI Calculator to Manage Your Personal Loan: Easily Arrange For Your Finances!

 

You can use an EMI calculator to figure out your monthly payments, total interest due, and the total amount you'll have to repay during the loan's term. With the aid of this tool, you can organize your money more effectively and determine whether getting a personal loan is the best course of action for you.

Frequently Asked Questions (FAQs)

What is a personal loan EMI calculator?

A personal loan EMI calculator is an online tool that calculates the monthly installments you need to pay towards your personal loan based on the amount, interest rate, and tenure.

How do I use a personal loan EMI calculator?

Using a personal loan EMI calculator is easy. Just enter the amount, interest rate, and loan tenure, and the calculator will show you the monthly EMI, total interest payable, and the total amount payable.

Can I use a personal loan EMI calculator to compare loan offers from different lenders?

Yes, you can use a personal loan EMI calculator to compare loan offers from different lenders. You can enter the loan amount, interest rate, and loan tenure of different loan offers, and compare the monthly EMI, total interest payable, and the total amount payable to choose the best offer.

Is the EMI calculated by the personal loan EMI calculator accurate?

The EMI calculated by the personal loan EMI calculator is an approximation and may differ slightly from the actual EMI you need to pay. However, it is a good tool to get an idea of your monthly payments.

Can I change the loan amount, interest rate, and loan tenure while using the personal loan EMI calculator?

Yes, you can change the loan amount, interest rate, and loan tenure while using the personal loan EMI calculator. You can enter different values to see how they affect the monthly EMI, total interest payable, and the total amount payable.

Is using a personal loan EMI calculator free?

Yes, using a personal loan EMI calculator is free. Most lenders and financial websites offer this tool for free to help borrowers calculate their monthly payments.

Can I use a personal loan EMI calculator for other types of loans?

Yes, you can use a personal loan EMI calculator for other types of loans, such as home loans, car loans, or education loans. You just need to enter the relevant loan details to calculate the EMI.

How can I use the results of the personal loan EMI calculator to plan my finances?

The results of the personal loan EMI calculator can help you plan your finances better. You can use the EMI amount to budget your monthly expenses, and the total interest payable to decide if the loan is affordable for you.

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