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Indian Bank Personal Loan EMI Calculator December 2018

(Updated on 04.12.2018) Indian 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. Indian Bank Personal Loan is the compelling personal loan to meet any immediate personal financial requirement such as funding education, marriage expenses, short term working capital, funding family functions 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

Indian Bank personal loan has the following features and benefits

  • Personal loan at competitive interest rates in the range of 12.65% to 13.65%.

  • Minimum processing fee of 0.51% on the loan amount subject to a maximum of Rs. 510.

  • Salaried Individuals having bank account with Indian Bank can avail a maximum loan amount of Rs. 50,000/-.

  • Other Individuals can avail a maximum loan amount of Rs. 1 lakh.

  • Maximum loan tenure of 36 months is available.

  • Third party security is acceptable by the bank.

  • Transparent banking system.

  • Minimal Documentation and no hidden charges.

How to use Personal Loan EMI calculator?

Indian 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. Step 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.: 12.65%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 36 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 untill 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.

Indian Bank Personal Loan EMI Calculator

Indian 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

Indian Bank Personal Loan EMI Calculator- EMI Chart

Indian Bank Personal Loan at the lowest EMI of Rs. 3,353. 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

12.65%

8,915

6,984

1,06,984

1,00,000

2

12.65%

4,738

13,706

1,13,706

1,00,000

3

12.65%

3,353

20,692

1,20,692

Indian Bank Personal Loan FAQs.

1) Who is eligible for Indian Bank personal loan?

Permanent employees with 3 years employment term with Govt./Quasi -Govt./ Boards/ Endowments/ reputed companies/ Corporate Industrial Establishments etc. are eligible for Indian Bank personal loan.

2) What is the repayment period provided by the bank for the loan?

Indian Bank provides a maximum repayment period of 36 months.

3) What is the maximum loan amount i can get from Indian Bank?

Indian bank offers a loan amount of five times the gross salary, i.e. Rs. 50,000, for account holders whose salary is disbursed through Indian bank or 7 times the gross salary, i.e. Rs. 1 lakh, after providing an undertaking letter from the employer to recover EMI from salary and remit to Bank.

4) What is the processing fee of Indian Bank personal loan?

Indian bank charges a lowest processing fee of 0.51% of the loan amount subject to a minimum of Rs. 510/.

5) Is there any need to provide security for my personal loan?

Yes, you need to provide security. Security can be provided in the form of Employer’s sponsorship , Authorization to debit SB account, Third party guarantee and/or Enhanceable collateral security and Post dated cheques.