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Calculate IndusInd Bank Personal Loan EMI

1 Lac 3 Lac 6 Lac 9 Lac 12 Lac 15 Lac
12571013
112345
Total Payments

₹1,500,000

Total Interest-
₹0
Principal Amount-
₹1,500,000
Total EMI

₹0

EMI payment starting from

Balance
EMI Payment/Year
  • Loan Amount
  • Interest Rate
  • Your EMI
  • Tenure
  • ₹1,500,000
  • 11%
  • ₹0
  • 5

EMI payment starting from

Updated:

IndusInd Bank Personal Loan EMI Calculator

A Personal Loan EMI calculator enables customers to calculate their EMI amount within no time. The borrower has to enter the following necessary information.

  • The personal loan amount
  • Rate of interest applicable to the loan
  • The repayment tenure

You get the following information within an instant.

  • Total Amount payable
  • Principal amount repayable
  • Monthly instalment
  • Total interest payable

An example

  • Personal Loan Amount - 3 Lakhs
  • Rate of interest - 11.25%
  • Repayment tenure -  60 months

The following information is displayed instantly.

  • Total Amount repayable - 3,93,612
  • The principal amount payable - 3,00,000
  • Equated Monthly Instalment - 6,560
  • Total Interest payable - 93,612

Know in detail: Simple Interest Formula Calculation.

Alternate Personal Loan EMI calculating options

Customers can also use the EMI calculator available on MyMoneyMantra to know their EMI amount. The calculator works on a similar basis to that of the IndusInd Bank Personal Loan Calculator.

Advantages of Using the IndusInd Personal Loan EMI Calculator

  • Easy to use
  • Requires bare minimum information
  • Get your EMI within a second
  • No question of human error
  • Know the total interest repayable over the entire tenure
  • Apart from the personal loan EMI calculator, IndusInd Bank offers the use of a home loan EMI calculator for determining the home loan EMI. The principle is the same, but this calculator is tailor-made for home loan EMI calculator.

IndusInd Personal Loan EMI Concept

The IndusInd EMI consists of two variable portions, the interest repayment, and the principal repayment component. The interest repayment constituent is the highest at the start of the loan repayment tenure. It gradually reduces over the mandate as you keep repaying the EMIs on time. Similarly, the principal repayment portion increases accordingly.

Any delay in the repayment of the EMI can affect the calculation of EMI because IndusInd Bank uses the daily reducing balance method for calculating the Personal Loan Interest Rates. Besides, late payment of EMI attracts penalty, that can further affect the total repayment you end up making over the tenure.

IndusInd Bank Processing Fees and Other charges

Type of chargeAmount of charge
Interest Rate11% onwards
Processing FeesUp to 2.50% of the personal loan amount
Prepayment Charges

Salaried persons 4% of the principal outstanding amount after repayment of 12 EMIs

Self-employed individuals 4% of the principal outstanding after repayment of 6 EMIs

Bounce ChargesRs 450
Duplicate Statement ChargesRs 250
Swap ChargesRs 500 per instance
Duplicate No Dues CertificateRs 250 per occasion
Duplicate Amortisation ScheduleRs 250 per instance
Loan re-booking or ReschedulingRs 1,000 per event
Loan CancellationRs 1,000 per instance
Photocopies of DocumentsRs 250 per occasion
Penal Charges on EMIRs 150 per EMI
Legal ChargesAs per actuals
Stamp dutyDepends on State Laws
CIBIL ReportRs 50 per instance

IndusInd Bank Personal Loan Eligibility

Determine personal loan eligibility online. Complete the personal banking Customer Enquiry Form online to know your eligibility. This form requires you to submit details like name, address, mobile number, email ID, the personal loan product, and the state/city where you reside. On providing, the required information, IndusInd Bank marketing representatives will contact you to complete the formalities and guide you through the personal loan application process.

IndusInd Bank Personal Loan Online Application

IndusInd Bank offers facilities to its customers to apply for personal loans online. Click on the Apply Now option and submit your details like current residence, employment type, date of birth, net income and obligations, the loan product, and personal information. The bank executives will contact you to complete the process smoothly.

Amortization Table

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing Balance

IndusInd Bank Personal Loan EMI Calculator FAQs

What differentiates a personal loan from other loans?

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Usually, banks offer asset-backed finance. They provide loans to acquire an asset. The asset financed out of bank funds remains hypothecated to the bank. The personal loan is different as the bank does not finance for a specific asset. The borrower is free to use the loan for a variety of purposes ranging from personal to business use. Generally, personal loans denote loans without collateral.

Is IndusInd Bank personal loan available with collateral?

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Yes, IndusInd Bank offers the following types of loans for personal and business use with collateral.

Loan against property.
Loan against Government securities.
Loan against gold ornaments.

How does IndusInd Bank determine the personal loan eligibility?

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The personal loan eligibility depends on the income-generating and repaying capacity of the borrower. IndusInd Bank provides personal loans to salaried and self-employed individuals. The bank evaluates personal loan eligibility based on monthly obligations. The borrower has to satisfy specific requirements like take-home pay norms, and so on.

What is the maximum amount of personal loan that a borrower can get?

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The personal loans without collateral are available up to 15 lakhs. At times, the bank can decide to offer more depending on specific factors. However, loans against property and Government securities are available for higher amounts.

What is the typical tenure of a personal loan?

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The traditional personal loan is repayable for 60 months. The accepted mode of repayment is the EMI.

How do you calculate the EMI on a personal loan?

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How do you calculate the EMI on a personal loan?

The most comfortable method of calculating the EMI on a personal loan is to use the IndusInd personal loan EMI calculator. Enter the necessary data and get your EMI within an instant.

How does IndusInd Bank charge interest on personal loans?

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The interest rate range on IndusInd Bank personal loan starts from 11.25% and goes up to 30% depending on various factor. Some of the factors that affect the IndusInd Bank personal loan interest rate are,

  • Occupation of the borrower Salaried persons have a benefit over the self-employed ones
  • The income of the borrower The loan product requires the borrower to satisfy minimum levels of income
  • Credit rating Generally, IndusInd Bank does not grant personal loans to applicants with CIBIL rating below 750/700
  • The loan amount and tenure - The longer the mandate, the higher is the rate of interest
  • Existing relationship with the bank Existing customers of the bank get a preference in the interest rate because of their established repayment record

Does IndusInd Bank offer a floating or fixed rate of interest on personal loans?

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IndusInd Bank offers floating rates of interest on personal loans. The bank has fixed-rate options for home loans.

Can you use the personal loan EMI calculator for any other purpose?

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The IndusInd Bank personal loan serves the specific purpose of calculating the personal loan EMI. One cannot enter any amount more than 15 lakhs. Similarly, the maximum loan tenure that you can enter is 60 months. Therefore, it does not serve the purpose of a home loan EMI calculator.

Can you calculate your loan eligibility using this personal loan EMI calculator?

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No, it is not possible to calculate the personal loan eligibility amount using the IndusInd Bank personal loan EMI calculator. A separate option is available for determining personal loan eligibility. Applicants can submit necessary information like name, mobile number, email id, and loan amount to find out their eligibility. However, the final eligibility depends on the documents you submit to the bank.