| Monthly EMI | ₹ |
| Principal amount | ₹ |
| Total interest | ₹ |
| Total amount | ₹ |
Your Amortization Details (Yearly/Monthly)
IndusInd Bank offers customers personal loans that go up to a range of Rs. 25 lakhs, and the tenure of these personal loans go up to a period of five years. They are also a financial institution that provides online personal loans with quick approvals and low processing fees.
If you are choosing the personal loan from IndusInd Bank, and you are looking forward to knowing what your estimated EMI for this personal loan would be, you can use the IndusInd Personal Loan EMI Calculator.
The IndusInd Bank personal loan calculator is an online tool that you can use to know what the EMI of the personal loan would be from the IndusInd Bank.
The calculator will take in a few details from your end and then produce you with the EMI amount of the personal loan from the IndusInd Bank. You can also find out what the interest amount of the IndusInd Bank would be when you opt for a personal loan from this bank.
The calculator uses a formula, which means you do not have to do any manual calculations. The calculator works in seconds, for free, and you would not have to register or sign up in order to use this online tool.
Using the IndusInd Bank personal loan calculator is helpful to individuals who are planning on taking out a personal loan from the IndusInd Bank. This is because this calculator lets you save time that would usually be wasted on the calculations of the EMI amount on a personal loan.
The calculator is also free, which means in order to seek this assistance, you will not have to provide any charges or waste any resources. It will also help you to plan around the monthly budget after you take out a personal loan.
You could also use this tool as a tool of comparison to compare different values and tenures - to choose the one that suits you the most.
There are several benefits to using the IndusInd Bank personal loan calculator, and some of them are:
The IndusInd Bank personal loan EMI calculator uses a predetermined formula, and that is:
E = P x r x (1+r)^n/((1+r)^n-1)
This formula can be expanded as follows:
P - Principal
R - Interest Rate
N - Tenure
We can also look at this formula through an example:
Mr Gopal wants to take a personal loan of Rs. 4 lakhs, and the tenure and interest rate given to him as of July 2022 are - 5 years and 10%, respectively. Therefore the details of the personal loan are:
Principal = Rs. 4 lakhs
Rate = 10%
Tenure = 5 Years
EMI = Rs. 8,499
Based on the example that has been given above. We can conclude a breakeven repayment schedule of the personal loan of the bank as follows:
|
Year |
Interest Paid |
Principal Paid |
Total Payment |
Outstanding Loan |
|
2022 |
19,346 |
31,646 |
50,992 |
3,68,354 |
|
2023 |
33,766 |
68,219 |
1,01,985 |
3,00,133 |
|
2024 |
26,621 |
75,365 |
1,01,986 |
2,24,769 |
|
2025 |
18,729 |
83,257 |
1,01,986 |
1,41,512 |
|
2026 |
10,012 |
91,975 |
1,01,987 |
49,538 |
|
2027 |
1,454 |
49,538 |
50,992 |
0 |