| Monthly EMI | ₹ |
| Principal amount | ₹ |
| Total interest | ₹ |
| Total amount | ₹ |
Your Amortization Details (Yearly/Monthly)
The J&K Bank gives customers personal loans along with their various other services and products. These personal loans are also known to have one of the most flexible repayment tenures that range from a period to 10 years.
These loans are not just offered to salaried persons, but they are also offered to pensioners, family pensioners, and more. If you are also thinking about opting for a personal loan from J&K Bank, then you can easily find out what is the EMI amount that you would be paying over this loan in the repayment tenure through the J&K Bank personal loan calculator.
The J&K Bank personal loan calculator is an online tool that anyone can use in order to estimate the amount of EMI that they would be paying over a personal loan that they want to borrow from the J&K Bank.
You can also use this calculator to know if you are making the right choice in terms of choosing the J&K Bank and the particular personal loan scheme that the bank is offering you.
You would not have to do any manual calculations when you use the J&K Bank personal loan calculator, and you can enjoy the benefits of an error-free accurate result within seconds.
You can find the J&K Bank personal loan EMI calculator online and on Groww's portal for any time use.
Using the J&K Bank personal loan calculator is simple, and you will only have to know the three basic steps to use it, which are:
Step 1: You will have to provide the J&K Bank personal loan principal that you want.
Step 2: You will have to provide the tenure of the loan.
Step 3: Lastly, you will be entering the interest rate that the J&K Bank is providing you.
After these details have been provided, you will instantly be shown the amount of EMI that you would have to pay over the personal loan from J&K Bank.
There are several benefits that you can make use of when you use the J&K Bank personal loan calculator, and some of the main ones are:
The J&K Bank personal loan calculator works on a basic standard formula, and that formula is:
EMI = [ P x R x (1 + R) ^ N ]/[(1+R)^N - 1]
Here, the formula means - P for principal, R for interest rate, and the N for the tenure of the loan.
We can also explain this formula through an example.
Ms Leela wants to take a personal loan from J&K Bank in July 2022. The loan details are as follows:
The principal amount of the personal loan = Rs. 8.3 lakhs
The interest rate that the bank is providing = is 11%
Tenure of repayment for the loan = 5 Years
EMI = Rs. 18,046
Based on the example and the details of the personal loan that has been provided above, Leela will be paying her personal loan EMI in the following manner, and the table below can show you the breakeven points of the personal loan that she has taken from J&K Bank:
|
Year |
Interest Paid |
Principal Paid |
Total Payment |
Outstanding Loan |
|
2022 |
44,197 |
64,081 |
1,08,278 |
7,65,920 |
|
2023 |
77,373 |
1,39,180 |
2,16,553 |
6,26,738 |
|
2024 |
61,268 |
1,55,287 |
2,16,555 |
4,71,450 |
|
2025 |
43,297 |
1,73,257 |
2,16,554 |
2,98,193 |
|
2026 |
23,247 |
1,93,308 |
2,16,555 |
1,04,887 |
|
2027 |
3,390 |
1,04,886 |
1,08,276 |
0 |