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IDFC Bank Personal Loan EMI Calculator December 2018

(Updated on 04.12.2018) IDFC Bank Personal Loan EMI Calculator December 2018 – Personal Loan is one of the many loans which you can avail from any bank. Personal loans can be utilized for any immediate personal financial requirement, mainly for purposes like debt consolidation, funding unexpected expenses, for small home improvement projects, daughter’s marriage, funding holiday trip and lots more. Personal loans are usually unsecured loans, that is, no collateral is required to avail this loan.

Personal loan amount depends on your income flow, repayment capacity, credit history and also on nature of job or business. If you have a better credit score and higher income, then, you can borrow more amount from the bank. Usually, personal loans come at higher rate of interest with long tenure, minimum processing fee and prepayment charges. IDFC Bank Personal Loan is tailor-made to help every borrower to meet their immediate personal financial requirements such as debt consolidation, purchase of consumer durable, funding education, marriage expenses, short term loan for equipment purchase, short term working capital, and any other personal emergency.

GET INSTANT PERSONAL LOAN QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

IDFC bank personal loan has the following features and benefits

  • Personal Loan available solely for salaried Individuals.

  • IDFC personal loan offers interest rates at 10.50% onwards.

  • Bank charges a minimum processing fee of 2.5% of the loan amount.

  • Loan amount can be availed from minimum Rs. 20,000 to a maximum of Rs. 20, 00,000/-.

  • Loan tenure in the range of 3 months to 60 months.

  • Foreclosure is allowed after the third EMI payment.

  • Foreclosure fee is 2.5% of the principal outstanding.

  • Part pre-payment is available after 3 EMIs.

  • Balance Transfer is also available.

  • Security, collateral or guarantee is not required to avail IDFC Bank Personal Loan.

How to use Personal Loan EMI calculator?

IDFC Bank Personal Loan EMI Calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.: 10.50%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 60 months.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month until unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

IDFC Bank Personal Loan EMI Calculator

IDFC Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

IDFC Bank Personal Loan EMI Calculator – EMI Chart

Get IDFC Bank Personal Loan at the lowest EMI of Rs. 2,149 . Compare and get the preferred personal loan at your earliest.

Loan Amount(Rs.)

Loan Tenure(Yrs.)

Interest Rate(p.a.)

Monthly EMI(Rs.)

Total Interest Outgo(Rs)

Total Amount(EMI+Interest)

1,00,000

1

10.50%

8,815

5,778

1,05,778

1,00,000

2

10.50%

4,638

11,302

1,11,302

1,00,000

3

10.50%

3,250

17,009

1,17,009

1,00,000

4

10.50%

2,560

22,896

1,22,896

1,00,000

5

10.50%

2,149

28,963

1,28,963

IDFC BANK PERSONAL LOAN FAQs

1) How long it will take to get my personal loan processed?

If you submit all the required documents and if everything goes well, the bank will take 7 working days to approve and to disburse your personal loan amount.

2) What is the maximum loan tenure to repay my personal loan ?

IDFC bank offers flexible repayment options ranging from 3 to 60 months but it solely depends on the customer’s profile.

3) Is there facility of part-prepayment on Personal Loan?

Yes, Part-prepayment facility is available. The bank does not levy any part-prepayment fee if you are a beneficiary of IDFC Bank Smart Personal Loan product and the payment is self-funded.

4) What is the loan amount that can be availed from IDFC bank?

The Bank offers a minimum loan amount of Rs. 50,000/- and a maximum loan amount of Rs. 1 lakh but loan amount fully depends on your income flow and loan repayment capacity.

5) Is there any necessary to provide any security or collateral to avail a personal loan from IDFC bank?

No, you do not need to provide any security or collateral to avail a personal loan from IDFC bank.