- Accurate, instant and time-saving.
- User friendly tool with simple input boxes for interest rate, loan amount and loan tenure.
- Free of cost and highly accessible.
- Parameters can be modified.
- Helps in determining the financial situation of the prospective borrower and plan repayments effectively.
IndusInd Bank Personal Loan EMI Calculator
IndusInd Bank personal loan EMI Calculator helps to the EMIs and overall interest cost based on the loan amount, interest rate and repayment tenure. Prospective borrowers can use this tool to determine their loan affordability and plan their finances accordingly. Individuals can also use the personal loan EMI calculator provided on Paisabazaar’s website to determine the loan amount and loan tenure suitable for lower EMIs.
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Find Best Personal Loan Offers
IndusInd Bank
Lowest Income requirementQuick Disbursal
Max. Loan Amt.Upto ₹50L
Rate of Interest10.35% - 16.5%
Tenure upto1-5 Years
Processing Fee1.3% - 2%
- Interest rates starting from 10.35% p.a. onwards
- Maximum loan amount of Rs. 50 lakh with flexible repayment options
- Instant personal loans with zero documentation
- No collateral required
Quick Links
Why Choose Paisabazaar?
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
IndusInd Bank Personal Loaan EMI Calculator- Features
Comparison of IndusInd Bank Personal Loan EMI with Top Banks
| Lenders | Interest rate (% p.a.) | Loan Amount – Rs. 5 lakh Tenure – 5 years | Loan Amount – Rs. 1 lakh Tenure – 5 years |
|---|---|---|---|
| IndusInd Bank | 10.35 - 16.50 | 10,710 - 12,292 | 2,142 - 2,458 |
| YES Bank | 13.00 - 16.00 | 11,377 - 12,159 | 2,275 - 2,432 |
| HDFC Bank | 9.99 - 12.50 | 10,621- 11,249 | 2,124 - 2,250 |
| Tata Capital | 11.50 onwards | 10,996 onwards | 2,199 onwards |
| ICICI Bank | 11.00 - 13.00 | 10,871-11,377 | 2,174-2,275 |
| Bank of Baroda | 10.40-18.10 | 10,722-12,724 | 2,144-2,545 |
| Axis Bank | 9.99 - 17.15 | 10,621 - 12,467 | 2,124 - 2,493 |
| Kotak Mahindra Bank | 10.5 - 17.20 | 10,747-12,480 | 2,149 - 2,496 |
| Bank of India | 11.10-16.15 | 10,896-12,199 | 2,179-2,440 |
| Canara Bank | 9.95-15.40 | 10,611-12,000 | 2,122-2,400 |
Swipe to see more table data
What are the Benefits of Using IndusInd Bank Personal Loan EMI Calculator
Some major benefits of using IndusInd Bank Personal Loan EMI Calculator are as follows:
Quick and Accurate Results
IndusInd Bank Personal Loan EMI Calculator helps prospective borrowers to calculate their personal loan EMIs without performing complicated calculations using complex formulas. Hence, the results are accurate, unlike manual calculations.
Budget Management
Because the EMI amount for personal loans availed at fixed interest rates remain constant during the entire tenure of the loan, the applicants can use IndusInd Bank Personal Loan EMI Calculator to find the exact amount they have to repay every month. This way, they also get the chance to adjust their monthly expenses accordingly to fit in the EMI amount.
Healthy Credit Score
IndusInd Bank Personal loan applicants who use the personal loan EMI calculator to calculate their monthly installments would be better prepared when it comes to managing their finances for loan repayments within the given tenure. Such applicants would also have fewer chances of defaulting on their EMIs, which in turn will help improve or maintain their credit scores.
Improve Personal Loan Eligibility
Lenders usually approve the personal loan applications of applicants who have a strong debt-to-income ratio. Personal Loan EMI Calculator gives a fair idea of the EMIs to the applicants. The applicants having a weak debt-to-income ratio would be able to reduce the EMI when making their personal loan application, thereby, improving their personal loan eligibility.
IndusInd Bank Personal Loan Amortisation Schedule
Suppose you borrow a loan of Rs. 10 lakh @ 10.35% p.a. for a tenure of 5 years, then the following will be your amortization schedule for 1 year. For the remaining period, the principal component will continue to increase at the same pace, while the interest portion will gradually decrease.
| Month | Opening Balance | EMI (₹) | Interest (₹) | Principal (₹) | Closing Balance (₹) |
|---|---|---|---|---|---|
| 1 | 10,00,000 | 21,959 | 8,625 | 13,334 | 9,86,666 |
| 2 | 9,86,666 | 21,959 | 8,505 | 13,454 | 9,73,212 |
| 3 | 9,73,212 | 21,959 | 8,397 | 13,562 | 9,59,650 |
| 4 | 9,59,650 | 21,959 | 8,280 | 13,679 | 9,45,971 |
| 5 | 9,45,971 | 21,959 | 8,172 | 13,787 | 9,32,184 |
| 6 | 9,32,184 | 21,959 | 8,037 | 13,922 | 9,18,262 |
| 7 | 9,18,262 | 21,959 | 7,920 | 14,039 | 9,04,223 |
| 8 | 9,04,223 | 21,959 | 7,796 | 14,163 | 8,90,060 |
| 9 | 8,90,060 | 21,959 | 7,676 | 14,283 | 8,75,777 |
| 10 | 8,75,777 | 21,959 | 7,556 | 14,403 | 8,61,374 |
| 11 | 8,61,374 | 21,959 | 7,432 | 14,527 | 8,46,847 |
| 12 | 8,46,847 | 21,959 | 7,301 | 14,658 | 8,32,189 |
Swipe to see more table data
How to Use IndusInd Bank Personal Loan EMI Calculator
Step-by-step process of using IndusInd Bank Personal Loan EMI Calculator:
Related Links
Why Choose Paisabazaar?
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Explore Our Personal Loan Lenders
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Tata CapitalFAQs
Reviewed By
Vandana Punj
Written By
Shamik GhoshPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
*Applicable for selected customers