Calculate Monthly Repayments Effortlessly
IDBI Bank Personal Loan EMI Calculator
Principal Amount
₹10,00,000
Total Interest
₹0
Total Amount
₹0
IDBI Bank provides personal loans to individuals with financial difficulties and more. They can also be easily processed and availed for medical emergencies, homes, travel, money management, land money, and urgent needs.
IDBI Bank provides personal loans to salaried individuals, personal loans to self-employed professionals, salary accounts with an in-built overdraft facility, and pensioners' personal loans.
These loans could be simply repaid through EMIs, or equated monthly installments. When you are looking forward to knowing how much the EMI would be, you can use the IDBI Bank Personal Loan Calculator.
What is the IDBI Personal Loan Calculator?
The IDBI Bank personal loan calculator is an online tool that anyone can use when they want to know the EMI amount that needs to be paid for a personal loan from the IDBI Bank.
All that you will have to do is enter some basic details such as tenure, principal, and more, and you can instantly see the results displayed on your screen.
The calculator works on a preprogrammed formula, and anyone can find the most accurate results by using the personal loan calculator of IDBI Bank. You will also not have to have any technical skills in order to use the IDBI Bank personal loan calculator, and it has been built to be the most user-friendly tool.
Why Use the IDBI Bank Personal Loan EMI Calculator?
- Instant Results: Calculate EMIs in real-time by entering the loan amount, tenure, and interest rate.
- Financial Planning: Adjust variables to find a repayment plan that fits your budget.
- Zero Errors: Automated calculations eliminate manual errors.
- Free & Unlimited Access: Use the tool as often as needed without restrictions.
How the IDBI Personal Loan EMI Calculator Works
The calculator uses the standard EMI formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]
Where:
- P = Principal Loan Amount
- r = Monthly Interest Rate (Annual Rate ÷ 12)
- n = Loan Tenure in Months
Example:
Mr. Sharma borrows ₹8 lakh from IDBI Bank at 10.5% p.a. interest for 5 years (60 months).
- Monthly Interest Rate (r): 10.5% / 12 = 0.875%
- EMI: ₹17,215
Step-by-Step Guide to Using the IDBI Bank EMI Calculator
- Enter Loan Amount: Input your desired principal (e.g., ₹5 lakh to ₹25 lakh).
- Adjust Tenure: Choose repayment duration (12–84 months).
- Input Interest Rate: Enter IDBI Bank’s current personal loan rate (10%–16% p.a.).
- View Results: See your EMI, total interest payable, and amortization schedule instantly.
Benefits of the IDBI Bank Personal Loan Calculator
✅ Compare Loan Scenarios: Test shorter vs. longer tenures to save on interest.
✅ Budget-Friendly Planning: Avoid financial strain by adjusting EMIs to match your income.
✅ Transparent Breakdown: Get a year-wise amortization table showing principal vs. interest splits.
✅ No Registration Required: Use the tool anonymously for quick results.
IDBI Bank Personal Loan EMI Calculator: Amortization Table
| Year | Principal Paid (₹) | Interest Paid (₹) | Total Payment (₹) | Remaining Loan (₹) |
|---|---|---|---|---|
| 1 | 1,20,000 | 58,000 | 1,78,000 | 6,80,000 |
| 2 | 1,45,000 | 45,500 | 1,90,500 | 5,35,000 |
| 3 | 1,70,000 | 30,200 | 2,00,200 | 3,65,000 |
Illustrative table based on ₹8 lakh loan at 10.5% p.a.
FAQs: IDBI Bank Personal Loan EMI Calculator
Q1. Is the IDBI EMI calculator free to use?
Yes – it’s completely free with unlimited access.
Q2. What details do I need to calculate EMIs?
Only the loan amount, tenure, and IDBI Bank’s current interest rate.
Q3. Can I check EMIs for a ₹15 lakh loan over 7 years?
Yes! The calculator supports amounts up to ₹50 lakh and tenures up to 7 years.
Q4. Does the calculator include processing fees?
No – contact IDBI Bank directly for exact processing charges (typically 1-3% of the loan amount).
Q5. How does my credit score affect EMI calculations?
A higher credit score (750+) may help you secure lower interest rates, reducing EMIs.