- Calculates the EMIs and total interest cost payable instantly.
- It is free of cost, available online and gives accurate results.
- The parameters can be modified.
- Assesses the loan affordability of the applicants and allows them plan their budget efficiently.
RBL Bank Personal Loan EMI Calculator
RBL Bank personal loan EMI calculator helps in calculating the overall borrowing cost of the applicant, thereby assessing their financial situation. Individuals can thus plan their EMIs beforehand without compromising on their savings and investments. Prospective borrowers can also use Paisabazaar personal loan EMI calculator to calculate their EMIs and total interest cost payable throughout the loan tenure.

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Features of RBL Bank Personal Loan EMI Calculator
Comparison of RBL Bank Personal Loan EMI with Top Banks
| Lenders | EMI (Rs.) | ||
|---|---|---|---|
| Interest rate (% p.a.) | Loan Amount – Rs. 5 lakh Tenure – 5 years | Loan Amount – Rs. 1 lakh Tenure – 5 years | |
| RBL Bank | 18 | 12,697 | 2,539 |
| 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 |
RBL Bank Personal Loan Amortization Schedule
Suppose you borrow a loan of Rs. 10 lakh @ 18% 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 | EMI (₹) | Interest (₹) | Principal (₹) | Outstanding Balance (₹) |
| 1 | 25,393.43 | 15,000.00 | 10,393.43 | 9,89,606.57 |
| 2 | 25,393.43 | 14,844.10 | 10,549.33 | 9,79,057.24 |
| 3 | 25,393.43 | 14,685.86 | 10,707.57 | 9,68,349.67 |
| 4 | 25,393.43 | 14,525.25 | 10,868.18 | 9,57,481.49 |
| 5 | 25,393.43 | 14,362.22 | 11,031.21 | 9,46,450.29 |
| 6 | 25,393.43 | 14,196.75 | 11,196.67 | 9,35,253.61 |
| 7 | 25,393.43 | 14,028.80 | 11,364.62 | 9,23,888.99 |
| 8 | 25,393.43 | 13,858.33 | 11,535.09 | 9,12,353.90 |
| 9 | 25,393.43 | 13,685.31 | 11,708.12 | 9,00,645.78 |
| 10 | 25,393.43 | 13,509.69 | 11,883.74 | 8,88,762.04 |
| 11 | 25,393.43 | 13,331.43 | 12,062.00 | 8,76,700.04 |
| 12 | 25,393.43 | 13,150.50 | 12,242.93 | 8,64,457.12 |
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Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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