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Plan your future with our Personal Loan EMI calculator
  1. Loans
  2. Personal Loan EMI Calculator

Plan your future with our Personal Loan EMI calculator

Calculate, plan and choose to apply for a personal loan in simple steps. Check monthly EMI, eligibility & learn more

Personal Loan Calculator

Borrow up to 4x your monthly income

Apply online

Get an instant approval on your Personal Loan application when you apply online

Attractive Processing Fee

Get Loan amount up to INR 50 lakh at attractive interest rate with discounted processing fee for online applications. Terms and condition apply

Flexible solutions

Whether you are salaried or self-employed, get flexible repayment tenures of up to 60 months

Part payment facility

Avail Part Payment option on your loan up to a maximum of 25% of your outstanding in a year

Standard Chartered Bank has developed an online personal loan EMI calculator that helps you know EMI and total loan repayment amount payable to the bank within seconds. The loan EMI Calculator is quite easy to use, you have to enter the loan amount, interest rate and the number of years for which you will be taking the loan. Within a few seconds, the calculator displays the EMI and the total loan repayment amount.

EMI amount contains both the principal and the interest components of the loan amount. This personal loan EMI amount can be calculated using the formula- P x R x (1+R)^N] / [(1+R)^N-1], where
P= Principal or your loan amount
R= Rate of interest
N= Loan tenure in number of years

EMI or equated monthly instalments is the amount a loan borrower must pay every month until the end of loan tenure, with complete repayment of the principal and interest amounts.

Standard Chartered Bank offers personal loans ranging from INR 1 lakhs to INR 50 lakhs. Depending on the loan amount you borrow, the interest rates vary from 12% to 17%.

Personal loan interest rate is typically calculated based on the parameters such as credit history, monthly income, total amount borrowed, and the total repayment tenure.

APR or Annual Percentage Rate is the annual rate that is charged by the bank for borrowing a loan. It is the interest rate applicable on the total amount of loan borrowed by a person in a year. The APR is decided by the bank based on the financial profile of the applicant, the banks normally look into the past financial history of the candidate (credit score, credit repayment history, etc.). While calculating the APR, banks also consider the total interest rate, processing fees, penalties, and all other charges that are applicable on the loan.