Bandhan Bank Personal Loan EMI Calculator

Bandhan Bank Personal Loan EMI Calculator

Easily estimate your monthly repayments using the Bandhan Bank Personal Loan EMI Calculator. This tool helps you plan your finances by showing how much you’ll pay each month based on your loan amount, interest rate, and tenure.

How the EMI Calculator Works

The calculator uses three key inputs to compute your EMI (Equated Monthly Instalment):

• Loan Amount: The total sum borrowed.
• Interest Rate: The annual interest rate charged by Bandhan Bank.
• Loan Tenure: The repayment period, in months or years.

Once you enter these values, the calculator instantly displays:

• Monthly EMI
• Total Interest Payable
• Total Amount Payable (Principal + Interest)

This helps you assess affordability and choose a suitable loan tenure.

Formula Used

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

• P: Principal loan amount
• R: Monthly interest rate (annual rate ÷ 12 ÷ 100)
• N: Total number of monthly installments

Example

For example, if you borrow ₹5 lakh at 12% p.a. for 5 years, your EMI will be approximately ₹11,122.

Key Features of Bandhan Bank Personal Loans

• Loan amount: Up to ₹5 lakh (subject to eligibility)
• Interest rates: Starting from 11.90% p.a. (as of Q1 FY 2024–25)
• Tenure: Flexible, up to 60 months
• Minimal documentation and quick disbursal

Benefits of Using the EMI Calculator

• Quick & Accurate: Instantly compute EMIs without manual calculations
• Financial Planning: Know your monthly liability in advance
• Compare Options: Try different combinations of amount, interest, and tenure to find the most suitable plan
• No Personal Details Needed: Use anonymously without login or registration

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.