Free & Online EMI Tool – FinLecture
Federal Bank Personal Loan EMI Calculator
Principal Amount
₹10,00,000
Total Interest
₹0
Total Amount
₹0
Federal Bank offers tailored personal loans up to ₹25 lakhs with flexible tenures of up to 4 years, including specialized schemes like FedPremia. To simplify your financial planning, use the Federal Bank Personal Loan EMI Calculator – a free, user-friendly tool to estimate your Equated Monthly Instalments (EMIs) and interest outgo in seconds.
What is the Federal Bank Personal Loan EMI Calculator?
The Federal Bank Personal Loan EMI Calculator is an online tool designed to help borrowers estimate their monthly repayments and total interest costs before applying for a loan. Powered by a standardized algorithm, it eliminates manual calculations and provides instant results without requiring personal details or technical expertise.
Key Features:
✅ Free & Instant Results
✅ No Registration or Personal Data Required
✅ Compare Loan Tenures & Interest Rates
✅ Plan Budgets with Accurate EMI Forecasts
How to Use the Federal Bank Personal Loan EMI Calculator?
Follow these 3 simple steps:
- Enter Loan Amount: Input your desired principal (up to ₹25 lakhs).
- Select Tenure: Choose a repayment period between 1–4 years.
- Add Interest Rate: Input Federal Bank’s current personal loan rate.
The calculator will instantly display your monthly EMI, total interest payable, and a detailed amortization schedule.
Benefits of Using the Federal Bank EMI Calculator
- Smart Financial Planning: Adjust loan amounts, tenures, or rates to find EMI options that fit your budget.
- Transparency: Break down principal vs. interest components annually.
- Time-Saving: Skip complex manual calculations – get results in seconds.
- Comparison Tool: Test multiple loan scenarios to choose the best offer.
How the Federal Bank EMI Calculator Works: Formula & Example
The calculator uses the standard EMI formula:
EMI=P×r×(1+r)n(1+r)n−1EMI=(1+r)n−1P×r×(1+r)n
Where:
- P = Principal Loan Amount
- r = Monthly Interest Rate (Annual Rate / 12)
- n = Tenure in Months
Example Calculation:
- Loan Amount (P): ₹15 lakhs
- Interest Rate: 10% p.a.
- Tenure: 3 years (36 months)
Monthly EMI = ₹48,417
Total Interest Payable: ₹2,93,012
Amortization Schedule (Example)
| Year | Interest Paid (₹) | Principal Paid (₹) | Total Payment (₹) | Remaining Loan (₹) |
|---|---|---|---|---|
| 1 | 1,45,000 | 4,36,000 | 5,81,000 | 10,64,000 |
| 2 | 98,500 | 4,82,500 | 5,81,000 | 5,81,500 |
| 3 | 49,512 | 5,31,488 | 5,81,000 | 0 |
FAQs: Federal Bank Personal Loan EMI Calculator
Q1. What details do I need to use the EMI calculator?
You only need the loan amount, tenure, and Federal Bank’s current interest rate.
Q2. Is the calculator free to use?
Yes – FinLecture’s Federal Bank EMI calculator is 100% free with unlimited access.
Q3. Can I check EMIs for different tenures?
Absolutely! Adjust the tenure (1–4 years) to compare EMI options side-by-side.
Q4. Does Federal Bank charge prepayment penalties?
Federal Bank allows prepayment with minimal charges – confirm terms before applying.
Q5. How accurate are the calculator’s results?
Results are based on the latest RBI-approved formula and match Federal Bank’s actual EMI calculations.