Federal Bank Personal Loan EMI Calculator

Check your EMI amount & estimate your expenses on your Federal Bank Personal Loan using the EMI calculator. Provide your loan amount, interest rate and tenure and you will get your EMI amount.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Experience Federal Bank's seamless personal loan process with interest rates starting at 11.49% per annum for loans up to Rs 25 lakh and 5-year tenures. Fast disbursals and pre-approved loans are also available. Strategise your finances efficiently by using the Federal Personal EMI calculator. Make an easy EMI calculation and comparison based on current interest rates in seconds. Take control of your financial journey with the Federal Bank.

EMI Calculation Formula

The EMI calculator uses a specific formula to calculate the EMI for your loan. Now you can use the same formula to calculate your EMI manually by following the provided steps.

Here’s the formula that is used to calculate your EMI:

E = [P × R × (1+R)^N] / [((1+R)^N) - 1]

Here in the equation,
E stands for EMI
P stands for principal loan amount
R stands for the monthly rate of interest
N stands for tenure period.

For example,
If you are planning to avail of a Federal Bank personal loan of ₹10 lakhs, with an interest rate of 11.49% p.a, for a loan the tenure of 6 years, then here's the payable EMI:

* P = ₹10,00,000
* Annual interest rate = 11.49% p.a
* R = 11.49% / 12 / 100 = 0.009575 (approximately)
* Loan tenure in years = 5
* Number of monthly installments (n) = 5 * 12 = 60

Now, let's substitute these values using the personal loan EMI calculator formula:
EMI = [1000000 × 0.009575 × (1 + 0.009575)^60] / [(1 + 0.009575^60) - 1]
EMI = ₹21,988
So, the EMI for a personal loan of ₹10Lakhs at an interest rate of 11.49% per annum for a tenure of 6 years would be approximately ₹21,988.

Federal Bank Personal Loan EMI Calculation For Different Loan Amounts

Consult the table, that illustrates Federal Bank EMI calculations for different loan amounts at an interest rate of 11.49% p.a. and, considering tenures of 12 and 24 months:

Loan Amounts Interest Rate EMI for 12 Months EMI for 24 Months
1 Lakh Personal Loan EMI 11.49% ₹1,283 ₹4,684
1.5 Lakh Personal Loan EMI 11.49% ₹1,924 ₹7,025
2 Lakh Personal Loan EMI 11.49% ₹2,565 ₹9,367
3 Lakh Personal Loan EMI 11.49% ₹3,848 ₹14,051
4 Lakh Personal Loan EMI 11.49% ₹5,131 ₹18,734
5 Lakh Personal Loan EMI 11.49% ₹6,414 ₹23,418
10 Lakh Personal Loan EMI 11.49% ₹88,610 ₹46,836
11 Lakh Personal Loan EMI 11.49% ₹97,471 ₹51,519

How to Use Federal Bank Personal loan EMI calculator?

Federal Bank Personal Loan offers a convenient approach for managing your loan repayments. If you're seeking quick results, you can swiftly utilize the Buddy Loan EMI Calculator by following these steps:

  • Step1 - Open the EMI Calculator Page:Visit the dedicated EMI calculator page.
  • Step 2- Input Essential Details:Provide the loan particulars such as the loan amount, interest rate, and loan tenure.
  • Step 3 - View Calculated EMI:Instantly get a comprehensive table showcasing the EMI calculation based on the provided details.

Advantages of Using Buddy Loan EMI Calculator

The Personal Loan EMI calculator offers various advantages to individuals considering loans or aiming to manage their financial obligations effectively:

  • Precision in Planning: Provides precise and accurate estimates of monthly repayments, aiding in effective financial planning.
  • Ease of Comparison: Enables quick comparison of loan options by adjusting variables like loan amount, tenure, and interest rates.
  • Financial Awareness: Enhances understanding of EMI composition, assisting in better financial decision-making and budgeting.
  • Time Saving: Eliminates manual calculations, saving time and reducing the possibility of errors in EMI calculation.
  • Prepayment Projection: Helps visualize the impact of prepayments on loan tenure and interest, facilitating informed repayment strategies.

Tips to Manage your Federal Bank Personal Loan EMI

Effectively management of your Federal Bank personal loan involves careful planning and financial discipline. Here are some valuable tips to help you manage your EMI payments efficiently:

  • Understand the Loan Terms and conditions: Read the loan agreement thoroughly to understand the interest rate, tenure, EMI amount, and any additional charges or fees.
  • Create a budget: Develop a detailed budget that includes all your monthly expenses, including the EMI payment. Ensure that your income can comfortably cover these expenses.
  • Prioritize EMI Payments: Make timely EMI payments a priority to avoid late fees, penalties, and a negative impact on your credit score. Set up automatic payments if possible to ensure you never miss a payment.
  • Avoid Additional Borrowing:Refrain from taking on more debt while repaying your personal loan. Taking on additional loans can strain your finances further and make it difficult to manage your EMI payments.
  • Make Partial Prepayments: Whenever you have surplus funds, consider making partial prepayments on your loan. This can help reduce the outstanding principal and, ‌the overall interest burden.
  • Negotiate Loan Terms: If your financial situation changes or your face difficulties in repaying the EMI, consider discussing your situation with the bank. They may offer a temporary solution, like extending the tenure or adjusting the EMI amount.

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Ready to take the next step? Apply for a Personal loan now!

Frequently Asked Questions

You can use a Federal Bank Personal Loan EMI Calculator by following the steps provided in the webpage above.

Federal Bank Personal loans provide interest rate up to 11.49% p.a.

You can borrow up to 25 Lakhs maximum loan amount from Federal Bank as a personal loan.

Federal Bank Personal loan provides a loan repayment tenure of up to 5 years.

The EMI calculated using a standard EMI calculator, including the Federal Bank Personal Loan EMI Calculator, rarely incorporates processing fees or other charges associated with the loan.

In order to arrive at a proper breakdown of how much of the EMI goes towards principal repayment, you can also use Buddy Loan Calculator.

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