Federal Bank Personal Loan EMI Calculator

Federal Bank Personal Loan EMI Calculator

Use this simple tool to estimate your monthly repayments for a personal loan from Federal Bank. The calculator helps you plan your loan by providing quick and accurate EMI figures based on your input values.

How the Calculator Works

The EMI (Equated Monthly Instalment) is calculated using three main inputs:

• Loan Amount (Principal): The total sum you wish to borrow.
• Loan Tenure: Duration of repayment, usually between 12 to 60 months.
• Interest Rate: Annual rate charged by Federal Bank.

EMI Formula

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

• P: Principal loan amount
• R: Monthly interest rate (annual rate ÷ 12 ÷ 100)
• N: Loan tenure in months

This formula calculates a fixed monthly payment amount that includes both interest and principal.

Example Calculation

If you borrow ₹3,00,000 at an annual interest rate of 11% for 36 months:

• Monthly Interest Rate (R): 11 / 12 / 100 = 0.00917
• EMI: ₹9,834 (approximately)

You will pay ₹9,834 per month for 3 years to fully repay the loan.

Benefits of Using the EMI Calculator

• Quick Estimates: Get results instantly.
• Smart Budgeting: Understand how EMIs fit into your finances.
• Customizable Inputs: Adjust amount, tenure, and interest rate easily.
• Compare Scenarios: Test different combinations before applying.

Federal Bank Personal Loan Features (Q1 FY 2024–25)

• Interest Rate: Starts at 11.49% p.a.
• Loan Amount: Up to ₹25 lakh
• Repayment Tenure: 12 to 60 months
• Processing Charges: As per the bank’s policy

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.