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EMI Calculator for Loan Interest Rates

The document contains an EMI calculator to calculate monthly loan repayments for different loan amounts, terms and interest rates. It provides examples of calculating the EMI for loans of Rs. 37500 for 12 months at 17.88% interest and Rs. 250000 for 60 months at 11.5% interest. It also lists sample interest rates for various tenures from major banks like HDFC for personal loans and cash loans. Finally, it shows an example calculation for a Rs. 140000 loan over 24 months at 15.48% interest.

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gopinath8406
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70 views3 pages

EMI Calculator for Loan Interest Rates

The document contains an EMI calculator to calculate monthly loan repayments for different loan amounts, terms and interest rates. It provides examples of calculating the EMI for loans of Rs. 37500 for 12 months at 17.88% interest and Rs. 250000 for 60 months at 11.5% interest. It also lists sample interest rates for various tenures from major banks like HDFC for personal loans and cash loans. Finally, it shows an example calculation for a Rs. 140000 loan over 24 months at 15.48% interest.

Uploaded by

gopinath8406
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd

EMI CALCULATOR FOR DIMINISHING RATE OF INTEREST ON MONTHLY BASIS

CAUTION:- DON'T ENTER ANY THING IN BLUE COLOR COLUMN (ie EMI ) ENTER VALUES IN YELLOW MARKED COLUMNS ONLY

LOAN TENURE OF ANNUAL EEMIEEMIEM AMOUNT LOAN(MONTHS) INTEREST(%) I (Rs) 37500 12 17.88 3435.9

LOAN TENURE OF ANNUAL EEMIEEMIEM AMOUNT LOAN(MONTHS) INTEREST(%) I (Rs) 250000 60 11.5 5498.2

HING RATE OF BASIS


COLOR COLUMN (ie EMI )

EMI Loan Interest Rates: 6 Months 12 Months 24 Months 36 Months Cash Loan Interest Rates: 12 Months 24 Months 36 Months 48 Months Loan Amount Eligible 1.49% 0.99% 0.99% 0.99% p.m p.m p.m p.m 17.88% 11.88% 11.88% 11.88% HDFC p.a p.a p.a p.a 1.49% 1.39% 1.29% 1.29% p.m p.m p.m p.m 17.88% 16.68% 15.48% 15.48% p.a p.a p.a p.a

140000 Banker

Loan Amount

Tenure of Annual Loan(Months) Interest(%)

EMI

140000
Actual loan amount Processing fee by Merchant Processing fee by Banker Total amount re-paid Total Interest Amount paid 1 st Month EMI amount 2 nd & Consecutive Months EMI amount

24
140000 2800 2800 169282.45 23682.45 12420.1

15.48
Rs. Rs. Rs. Rs. Rs. Rs.

6820.1

6820.1 Rs.

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