Indiabulls (Dhani) Personal Loan EMI Calculator will help you to find out your Personal Loan EMI and interest cost based on your loan amount, tenure and interest rate. It will help you to choose your loan amount and loan tenure based on your repayment capacity.
EMI Payment Comparison of top Banks/NBFCs in India
Given below is a comparison of the monthly EMI payments of some popular lenders in India for varying loan amounts, tenure and interest rates:
|NBFC Name and Interest Rate||EMI Payout for Loan Tenure of 1 Year|
|Loan Amount of Rs. 50,000||Loan Amount of Rs. 1 lakh||Loan Amount of Rs. 2 lakh|
|Indiabulls @ 13.99% p.a.||Rs. 4,489||Rs. 8,978||Rs. 17,956|
|Home Credit @ 24% p.a.||Rs. 4,728||Rs. 9,456||Rs. 18,912|
|CASHe @ 33% p.a.||Rs. 4,948||Rs. 9,897||Rs. 19,794|
|EarlySalary@ 18% p.a.||Rs. 4,584||Rs. 9,168||Rs. 18,336|
|MoneyTap @12.96% p.a.||Rs. 4,465||Rs. 8,930||Rs. 17,860|
|Money View @ 15.96% p.a.||Rs. 4,536||Rs. 9,071||Rs. 18,142|
Indiabulls (Dhani) Personal Loan EMI Calculation
The following table depicts different possible Indiabulls personal loan EMI payable for various combinations of loan amount, tenure and interest rate:
|Loan Amount (Rs.)||Interest Rate (p.a.)||Tenure (months)||EMI (Rs./month)|
Charges Levied on Non Payment of EMI
Some charges that may be levied in case Indiabulls Dhani personal loan EMI payments are not made on time are given below:
|Bounce Charges||Rs. 400 per bounce|
|Bounce Charges (For Self Employed)||Rs. 750|
|Late Payment Penalty||3% per month|
Factors Affecting Indiabulls (Dhani) Personal Loan EMI
Given below are some key factors which affect Indiabulls Dhani personal loan EMI:
- Loan Amount: It refers to the principal amount that you borrow from the lender. Generally, as the loan amount increases, the EMI payout also increases and vice versa.
- Loan Tenure: It is the time period over which you can repay your loan. Normally, with an increase in the loan tenure, the EMI payout decreases. However, a longer tenure also results in an increase in the total interest payout of the loan.
- Interest Rate: It is the rate at which the loan is offered by the lender. A higher interest rate usually leads to higher EMI payouts. Besides, the method of interest calculation used by the lender also affects the EMI payable on your personal loan. EMIs calculated using the reducing balance method are slightly lower than EMIs calculated using the flat rate method.
Q1. Which interest calculation method does Indiabulls use to calculate the interest payable on its personal loans?
Indiabulls uses the reducing balance method to compute the interest payable on its personal loans.
Q2. How many EMI payments will I have to make to repay my Indiabulls Dhani personal loan?
Dhani personal loans can be repaid within a flexible tenure ranging between 3 to 36 months. Thus, you can repay your Dhani personal loan in a maximum of 36 EMIs.
Q3. Can I make my EMI payments in cash?
No. You cannot pay your Indiabulls personal loan EMIs in cash.