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Indian Bank Personal Loan EMI Calculator 2022

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Personal Loan

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Indian Bank provides personal loans to both salaried individuals and pensioners so that they can deal with different financial needs, including medical expenses, higher education, household gadget purchases, etc. The interest rate on personal loans from the Indian Bank begins at as low as 10.35% p.a. And before you apply for a loan, the bank's personal loan EMI calculator allows you to calculate the personal loan EMI payouts and lets you manage your finances in a better way. Some key aspects of the Indian Bank personal loan EMI are discussed below, such as its method of calculation, factors affecting the EMI number, charges imposed on EMI non-payment, ways of making EMI payments, etc.

Indian Bank Personal Loan EMI Calculator

In order to repay a loan in a timely manner, the amount that a borrower needs to pay to a bank or a non-banking financial company (NBFC) every month is known as EMI or Equated Monthly Installment.

Indian Bank's personal loan EMI calculator is a free online tool that allows you to calculate your loan's monthly payout before you apply for it and helps you to better manage your finances. These are key personal loan parameters that you need to input into the Indian Bank personal loan EMI calculator to get results immediately. 

  • Loan principal 
  • Interest rate and 
  • Tenure

You can obtain an EMI amount that works for you by using a particular combination of the loan amount, interest rate, and tenure. 


How to Use Indian Bank Personal Loan EMI Calculator?

Do you have to think about the specifics that you need to use for your personal loan to have an estimation of the EMI amount? Well, the most amazing thing about Indian Bank personal loan EMI Calculator is its easiness and accessibility with which any person can understand the amount of EMI he/she will have to pay each month.

And not only that, but you will also be able to figure out the outgoing interest and the cumulative amount payable on the loan. 

In the calculator, there are three fundamental inputs that you will need to feed: necessary loan amount, interest rate, and tenure. Below, we give information for all of them. Grab a look!

Loan Sum Needed 

Indian Bank Personal Loan can be issued up to a limit of 20 times your monthly revenue. So, the higher your monthly salary, the greater the value of the loan will be. This is the first thing that the Indian Bank Personal Loan EMI Calculator needs to fill in.

Interest Rate 

The second component of an EMI is the interest rate. Your EMI directly depends on the interest rate charged on a personal loan by the lender. That's why individuals with low-interest rates like to choose a personal loan. Indian Bank interest rates for personal loans range from 9.05 percent to 13.65 percent per annum.

The eventual rate will rely on many variables, such as age, type of employment, work history, monthly income, CIBIL score, etc.  

Tenure Required 

Tenure is one of the components of an EMI. Indian Bank offers 84 months of the flexible and long term during which you can repay the balance of the loan in simple installments.

According to the repayment ability and your monthly income, you can select the EMI. Choose the tenure during which the loan balance will be paid off. 

The tool will send you the estimated EMI sum you will need to pay per month as soon as you enter all this information in the Indian Bank Personal Loan EMI Calculator.

You will also get to see the total outgoing interest and total loan payable. You can use the calculator for various values as many as you like.

Detail of the Indian Bank Personal Loan EMI Calculator

In the tables below, at the end of various periods at an Indian Bank personal loan the interest rate of 9.05 percent - 13.65 percent per annum, have a look at the EMI amount for various loan amounts. 

Indian Personal Loan EMI at an interest rate of 9.60 percent per annum for various loan amounts and varying tenures.

For a loan sum ranging from Rs. 1 lakh to Rs. 15 lakhs at an interest rate of 9.60 percent per annum, you can look at EMI amounts for a period of 2, 3, 4, and 5 years respectively.


2 Years

3 Years

4 Years

5 Years

INR 1,00,000

INR 4,596

INR 3,208

INR 2,517

INR 2,105

INR 3,00,000

INR 13,788

INR 9,624

INR 7,551

INR 6,315

INR 5,00,000

INR 22,980

INR 16,040

INR 12,585

INR 10,525

INR 7,00,000

INR 32,172

INR 22,456

INR 17,620

INR 14,736

INR 10,00,000

INR 45,961

INR 32,080

INR 25,171

INR 21,051

INR 15,00,000

INR 68,941

INR 48,120

INR 37,756

INR 31,576

Indian Bank Personal Loan EMI at an interest rate of 14.05 percent per annum for different loan amounts and different tenures. 

Look at the EMI amounts for a loan sum ranging from Rs. 1 lakh to Rs. 15 lakhs for a period of 2, 3, 4, and 5 years respectively at an interest rate of 14.05 percent per annum.


2 Years

3 Years

4 Years

5 Years

INR 1,00,000

INR 4,804

INR 3,420

INR 2,735

INR 2,329

INR 3,00,000

INR 14,411

INR 10,261

INR 8,205

INR 6,988

INR 5,00,000

INR 24,018

INR 17,101

INR 13,6760

INR 11,647

INR 7,00,000

INR 33,626

INR 23,941

INR 19,146

INR 16,306

INR 10,00,000

INR 48,037

INR 34,202

INR 27,352

INR 23,294

INR 15,00,000

INR 72,055

INR 51,303

INR 41,027

INR 34,941

Indian Bank Personal Loan EMI Calculation Formula

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


EMI = Equated Monthly Installment

P = Principal Loan Amount

R = Monthly Interest Rate

N = Number of Monthly Installments

How to pay for the EMI Indian Bank Personal Loan?

You can pay EMIs for your Indian Bank personal loan through the following payment methods: 

  • Facility ECS (Electronic Clearing Service) 

  • Internet Banking Via Indian Bank 

  • By using Netbanking from other banks via Billdesk 

Factors Influencing EMI Personal Loan of Indian Bank

Some main factors that influence personal loan EMIs from the Indian Bank are discussed below:

Sum Borrowed:

The amount of money you borrow is considered the principal of the loan. Borrowing higher sums results in larger payouts in the form of EMI. 

Interest rate:

A higher interest rate usually means a higher EMI. 

Loan tenure:

Loan tenure is called the duration during which a loan will be repaid. A longer repayment period usually leads to lower individual EMIs, but it also leads to a greater payoff of total interest. 

Method of measuring interest:

The amount of interest payable is often influenced by the method used to calculate EMIs for personal loans. 

Benefits of Using an EMI Calculator

The following addresses some key advantages of using an EMI calculator: 


There is no longer a need for prospective borrowers to conduct repetitive mathematical calculations by hand. Using the free online EMI calculator, you can obtain instant results by simply defining the loan number, tenure, and interest rate.

Better Finance Preparation and Management:

An EMI calculator helps you to measure the loan expense (the monthly EMI payout) right before applying for a loan. This leads to better financial planning and management that allows you to select the sum and tenure of the loan that fits your budget.

Reliable and Accurate:

To give an error-free performance, an EMI calculator uses computerized algorithms and is thus more reliable and accurate than manual calculations performed by hand. 

Free and convenient:

As long as you have a working internet connection, the EMI calculator can be used for free at any time/anywhere. Since there is no limit to the number of times the calculator can be used, it helps you to compare EMI amounts of different offers of personal loans from multiple lenders.