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Personal Loan EMI calculator interest rates

Personal Loan Interest Rates

Bank
 Interest Rate
Processing Fee

SBI Personal Loan
12.50%
In the range of 2% to 3%

HDFC Bank Personal Loan
11.25%
Min 0.99%, Max 2.50% Up to Rs. 10,000

ICICI Bank Personal Loan
11.25%
Starting from 0.99%, Up to 2.25%

Bajaj Finserv
11.99%
Starting from 1.50%, Up to 3%

PNB
12.00%
1.8% + taxes

Personal Loan EMI Calculator


 

first emi goes to mostly interest 70% 30% principal (loan foreclosure)

1.6pm =19.2
1.68 pm=22.2%

2 rupees pm=24%

lending company
SBI (reduced)
Bajaj finserv (flat)

loan amount
40k (zeo processing fee / 1% up 2 lakh)
35k (31k after 3%gst,pApolicy)

emi
2467
2049

tenure
18
24

rate
13.5% (reduced)
20.22%  (flat/fixed)

interest paid
2470*18=44460 -40k (4460)18m
2049*24=49176-35000 =14176 24m

 

 

fixed rate loans
foreclosure
part payment no benefit,
because interest calculated @20.22/YR FOR 1/2/3 Years then emi calculated.

where areas reduced rate emi calculated monthly basis.
interest amount goes down while prical decreases

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