Urban Money

IDFC Personal Loan Calculator

  • 50 K
  • 1 Cr
Years
  • 1
  • 5
%
  • 8
  • 25

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Financial needs can arise at any time and anywhere, and more often than not, individuals might require external financial assistance to face their obstacles. Various financial institutions are in place offering various loan schemes to tackle these monetary difficulties. Some prominent lenders include IDFC First bank, which has designed various products to help customers meet their monetary shortcomings. With products like IDFC personal loans, customers can now easily think through their expense planning and put an end to their various needs, such as financing a home renovation, medical emergencies, vehicle financing, and so on.

Consequently, borrowers can benefit from using AI-powered online tools such as a personal loan EMI calculator. The IDFC first bank personal calculator is an excellent tool to help individuals calculate their EMI requirements and decide whether or not the loan plan is affordable. This blog is an extensive guide on how one can use an IDFC personal loan calculator and the various benefits associated with the same.  

Why Should You Use IDFC Personal Loan EMI Calculator?

Using IDFC Personal Loan EMI Calculator can be fruitful for everyone regardless of the situation. With the IDFC personal loan EMI calculator, users will have clarity regarding their loan affordability by estimating the expense structure. Additionally, you get better job efficiency by saving time and effort. The AI-powered calculator is easy to use and the user can use it multiple times. 

Furthermore, the IDFC First Bank Personal Loan Calculator can be extremely helpful in making comparisons with various interest rates, tenure, and loan amount values. One can also make comparative cases among different financial institutions. Lastly, one is always at the risk of wrongly calculating when doing manual computations. With the online IDFC personal loan calculator, users can accurately depict their loan expenses.  

Benefits of Using IDFC Bank Personal Loan EMI Calculator 

There are several benefits of using the IDFC Bank personal loan EMI calculator. You get the following benefits when you count on the personal loan EMI Calculator:

  • Easy and hassle-free computation of values. 
  • Anytime and anywhere access
  • Error-free calculation
  • It avoids manual calculation, which is erroneous and utilizes time and energy. 
  • Computes values in real-time.
  • Assists users in making sound financial decisions pertaining to monetary management. 
  • It gives clarity on whether a certain loan scheme is affordable or not.  

IDFC Bank Personal Loan EMI Calculator Formula & Example

EMIs are calculated based on the interest rate, loan tenure, and loan amount. For interest rates that are compounded, the computation becomes somewhat complex. Here is how one can calculate the EMI:

P x R x (1+R)^N / [(1+R)^N-1]

Here, 

  • P stands for the principal borrowed amount, 
  • R denotes the interest rate, 
  • N denotes how many instalments there will be.

For example, suppose you are applying for a personal loan with the IDBI bank of INR 1 Lakh for an interest rate of 10 percent, for a tenure of 1 year. In that case, the IDBI personal loan EMI calculator will depict the following terms. 

Factors Affecting IDFC Personal Loan EMI

The interest rate, tenure of a loan, and deployed loan amount are some of the factors that directly affect the equated monthly instalment or EMI. However, certain aspects of the loan EMI can fluctuate and be taken at variable values. These include the interest rate compounding factor and the flexible interest rate option.  Majorly, the loan amount sanctioned is based on the borrower's age, credit value, and bank policies and indirectly affects the IDFC personal loan EMI. 

Comparison of IDFC Personal Loan EMI with other Banks

In the financial market, customers can choose from various lenders. Various options create a competitive advantage for the borrowers as banks compete against each other with the best service providable. With rates of interest varying for each bank, loan applicants can use IDFC personal loan EMI calculator to narrow down their search for the best possible financial service provider. Here is a list of banks with their personal loan interest rate offers. Users can use the online IDFC Personal Loan Calculator to calculate the EMI outcome.

Bank Name Personal Loan Interest Rates
Axis Bank 13.70%
Bank of Baroda 8.50% onwards
Canara Bank 9.90%
HDFC Bank 11.57%
Kotak Mahindra Bank 11.5% to 24%
Punjab National Bank 10.45%
State Bank of India 10.50%
Avanse 10% to 16.50%
Credila 11.85% onwards
Allahabad Bank 9.20% onwards
Andhra Bank 10.80% onwards
Axis Bank 12% onwards
Bajaj Finserv 12.99% onwards
Bank of India 9.35% onwards
Bank of Maharashtra 9.70% onwards
CASHe 33% to 36%
Central Bank 8.45% onwards
Citibank 9.99% onwards
Early Salary 24% onwards
Federal Bank 11.49% onwards
Fullerton India 11.99% onwards
Home Credit 24% onwards

IDFC Bank Personal Loan Amortisation Calculator

IDFC personal loan EMI calculator can assist a user by clarifying the monthly payment structure. It could help the user make sound financial decisions, such as allocating funds for emergencies, meeting short-term goals, etc. Furthermore, an amortisation table can also help the borrower keep aside the expenses for EMI payments. Since IDFC keeps a minimum interest rate of 10.49%, we have presented the amortisation schedule with INR 10 Lakhs, INR 20 Lakhs, INR 25 Lakhs, INR 30 Lakhs, and INR 50 Lakhs. For these computations, the loan tenure is 60 months, i.e. five years. 

IDFC Bank Personal Loan EMI for ₹ 10 Lakh

Month Principal (Rs.) Interest (Rs.) Principal + Interest (Rs.) Balance to be Paid (Rs.)
1 12747 8742 21489 987253
2 12859 8630 21489 974394
3 12971 8518 21489 961423
4 13085 8404 21489 948338
5 13199 8290 21489 935139
6 13314 8175 21489 921825
7 13431 8058 21489 908395
8 13548 7941 21489 894846
9 13667 7822 21489 881180
10 13786 7703 21489 867394
11 13906 7582 21489 853488
12 14028 7461 21489 839459
13 14151 7338 21489 825309
14 14274 7215 21489 811034
15 14399 7090 21489 796635
16 14525 6964 21489 782110
17 14652 6837 21489 767458
18 14780 6709 21489 752678
19 14909 6580 21489 737769
20 15040 6449 21489 722729
21 15171 6318 21489 707558
22 15304 6185 21489 692254
23 15437 6051 21489 676817
24 15572 5917 21489 661245
25 15709 5780 21489 645536
26 15846 5643 21489 629690
27 15984 5505 21489 613706
28 16124 5365 21489 597581
29 16265 5224 21489 581316
30 16407 5082 21489 564909
31 16551 4938 21489 548358
32 16695 4794 21489 531663
33 16841 4648 21489 514822
34 16989 4500 21489 497833
35 17137 4352 21489 480696
36 17287 4202 21489 463409
37 17438 4051 21489 445971
38 17590 3899 21489 428381
39 17744 3745 21489 410637
40 17899 3590 21489 392737
41 18056 3433 21489 374682
42 18214 3275 21489 356468
43 18373 3116 21489 338095
44 18533 2956 21489 319562
45 18695 2794 21489 300866
46 18859 2630 21489 282007
47 19024 2465 21489 262984
48 19190 2299 21489 243794
49 19358 2131 21489 224436
50 19527 1962 21489 204909
51 19698 1791 21489 185211
52 19870 1619 21489 165341
53 20044 1445 21489 145298
54 20219 1270 21489 125079
55 20396 1093 21489 104683
56 20574 915 21489 84109
57 20754 735 21489 63356
58 20935 554 21489 42421
59 21118 371 21489 21302
60 21303 186 21489 0

IDFC Bank Personal Loan EMI for ₹ 20 Lakh

Month Principal (Rs.) Interest (Rs.) Principal + Interest (Rs.) Balance to be Paid (Rs.)
1 25495 17483 42978 1974505
2 25717 17260 42978 1948788
3 25942 17036 42978 1922846
4 26169 16809 42978 1896677
5 26398 16580 42978 1870279
6 26629 16349 42978 1843650
7 26861 16117 42978 1816789
8 27096 15882 42978 1789693
9 27333 15645 42978 1762360
10 27572 15406 42978 1734788
11 27813 15165 42978 1706975
12 28056 14922 42978 1678919
13 28301 14677 42978 1650618
14 28549 14429 42978 1622069
15 28798 14180 42978 1593271
16 29050 13928 42978 1564221
17 29304 13674 42978 1534917
18 29560 13418 42978 1505356
19 29819 13159 42978 1475538
20 30079 12899 42978 1445459
21 30342 12636 42978 1415117
22 30607 12370 42978 1384509
23 30875 12103 42978 1353634
24 31145 11833 42978 1322489
25 31417 11561 42978 1291072
26 31692 11286 42978 1259380
27 31969 11009 42978 1227412
28 32248 10730 42978 1195163
29 32530 10448 42978 1162633
30 32815 10163 42978 1129819
31 33101 9877 42978 1096717
32 33391 9587 42978 1063326
33 33683 9295 42978 1029644
34 33977 9001 42978 995667
35 34274 8704 42978 961393
36 34574 8404 42978 926819
37 34876 8102 42978 891943
38 35181 7797 42978 856762
39 35488 7490 42978 821274
40 35799 7179 42978 785475
41 36112 6866 42978 749364
42 36427 6551 42978 712936
43 36746 6232 42978 676191
44 37067 5911 42978 639124
45 37391 5587 42978 601733
46 37718 5260 42978 564015
47 38047 4930 42978 525968
48 38380 4598 42978 487588
49 38716 4262 42978 448872
50 39054 3924 42978 409818
51 39395 3582 42978 370423
52 39740 3238 42978 330683
53 40087 2891 42978 290596
54 40438 2540 42978 250158
55 40791 2187 42978 209367
56 41148 1830 42978 168220
57 41507 1471 42978 126712
58 41870 1108 42978 84842
59 42236 742 42978 42606
60 42605 372 42978 0

IDFC Bank Personal Loan EMI for ₹ 25 Lakh

Month Principal (Rs.) Interest (Rs.) Principal + Interest (Rs.) Balance to be Paid (Rs.)
1 31868 21854 53722 2468132
2 32147 21576 53722 2435985
3 32428 21295 53722 2403557
4 32711 21011 53722 2370846
5 32997 20725 53722 2337849
6 33286 20437 53722 2304563
7 33577 20146 53722 2270986
8 33870 19852 53722 2237116
9 34166 19556 53722 2202950
10 34465 19257 53722 2168485
11 34766 18956 53722 2133719
12 35070 18652 53722 2098649
13 35377 18346 53722 2063272
14 35686 18036 53722 2027586
15 35998 17724 53722 1991588
16 36313 17410 53722 1955276
17 36630 17092 53722 1918646
18 36950 16772 53722 1881695
19 37273 16449 53722 1844422
20 37599 16123 53722 1806823
21 37928 15795 53722 1768895
22 38259 15463 53722 1730636
23 38594 15129 53722 1692042
24 38931 14791 53722 1653111
25 39271 14451 53722 1613840
26 39615 14108 53722 1574225
27 39961 13761 53722 1534264
28 40310 13412 53722 1493954
29 40663 13060 53722 1453291
30 41018 12704 53722 1412273
31 41377 12346 53722 1370896
32 41738 11984 53722 1329158
33 42103 11619 53722 1287054
34 42471 11251 53722 1244583
35 42843 10880 53722 1201740
36 43217 10505 53722 1158523
37 43595 10127 53722 1114928
38 43976 9746 53722 1070952
39 44360 9362 53722 1026592
40 44748 8974 53722 981844
41 45139 8583 53722 936704
42 45534 8188 53722 891170
43 45932 7790 53722 845238
44 46334 7389 53722 798905
45 46739 6984 53722 752166
46 47147 6575 53722 705019
47 47559 6163 53722 657459
48 47975 5747 53722 609484
49 48394 5328 53722 561090
50 48818 4905 53722 512272
51 49244 4478 53722 463028
52 49675 4048 53722 413353
53 50109 3613 53722 363244
54 50547 3175 53722 312697
55 50989 2734 53722 261709
56 51435 2288 53722 210274
57 51884 1838 53722 158390
58 52338 1385 53722 106052
59 52795 927 53722 53257
60 53257 466 53722 0

IDFC Bank Personal Loan EMI for ₹ 30 Lakh

Month Principal (Rs.) Interest (Rs.) Principal + Interest (Rs.) Balance to be Paid (Rs.)
1 38242 26225 64467 2961758
2 38576 25891 64467 2923182
3 38913 25553 64467 2884269
4 39254 25213 64467 2845015
5 39597 24870 64467 2805418
6 39943 24524 64467 2765476
7 40292 24175 64467 2725184
8 40644 23823 64467 2684540
9 40999 23467 64467 2643540
10 41358 23109 64467 2602182
11 41719 22747 64467 2560463
12 42084 22383 64467 2518379
13 42452 22015 64467 2475927
14 42823 21644 64467 2433103
15 43197 21269 64467 2389906
16 43575 20892 64467 2346331
17 43956 20511 64467 2302375
18 44340 20127 64467 2258035
19 44728 19739 64467 2213307
20 45119 19348 64467 2168188
21 45513 18954 64467 2122675
22 45911 18556 64467 2076764
23 46312 18154 64467 2030451
24 46717 17750 64467 1983734
25 47126 17341 64467 1936608
26 47538 16929 64467 1889070
27 47953 16514 64467 1841117
28 48372 16094 64467 1792745
29 48795 15672 64467 1743950
30 49222 15245 64467 1694728
31 49652 14815 64467 1645076
32 50086 14381 64467 1594989
33 50524 13943 64467 1544466
34 50966 13501 64467 1493500
35 51411 13056 64467 1442089
36 51861 12606 64467 1390228
37 52314 12153 64467 1337914
38 52771 11696 64467 1285143
39 53233 11234 64467 1231910
40 53698 10769 64467 1178213
41 54167 10300 64467 1124045
42 54641 9826 64467 1069404
43 55118 9348 64467 1014286
44 55600 8867 64467 958686
45 56086 8381 64467 902599
46 56577 7890 64467 846023
47 57071 7396 64467 788952
48 57570 6897 64467 731381
49 58073 6393 64467 673308
50 58581 5886 64467 614727
51 59093 5374 64467 555634
52 59610 4857 64467 496024
53 60131 4336 64467 435894
54 60656 3810 64467 375237
55 61187 3280 64467 314050
56 61722 2745 64467 252329
57 62261 2206 64467 190068
58 62805 1662 64467 127263
59 63354 1112 64467 63908
60 63908 559 64467 1

IDFC Bank Personal Loan EMI for ₹ 50 Lakh

Month Principal (Rs.) Interest (Rs.) Principal + Interest (Rs.) Balance to be Paid (Rs.)
1 63736 43708 107445 4936264
2 64294 43151 107445 4871970
3 64856 42589 107445 4807114
4 65423 42022 107445 4741692
5 65994 41450 107445 4675697
6 66571 40873 107445 4609126
7 67153 40291 107445 4541973
8 67740 39704 107445 4474233
9 68332 39112 107445 4405900
10 68930 38515 107445 4336970
11 69532 37912 107445 4267438
12 70140 37305 107445 4197298
13 70753 36691 107445 4126544
14 71372 36073 107445 4055172
15 71996 35449 107445 3983177
16 72625 34820 107445 3910552
17 73260 34185 107445 3837292
18 73900 33544 107445 3763391
19 74546 32898 107445 3688845
20 75198 32247 107445 3613647
21 75855 31589 107445 3537791
22 76519 30926 107445 3461273
23 77187 30257 107445 3384085
24 77862 29583 107445 3306223
25 78543 28902 107445 3227680
26 79229 28215 107445 3148451
27 79922 27523 107445 3068529
28 80621 26824 107445 2987908
29 81325 26119 107445 2906583
30 82036 25408 107445 2824546
31 82753 24691 107445 2741793
32 83477 23968 107445 2658316
33 84207 23238 107445 2574109
34 84943 22502 107445 2489167
35 85685 21759 107445 2403481
36 86434 21010 107445 2317047
37 87190 20255 107445 2229857
38 87952 19493 107445 2141905
39 88721 18724 107445 2053184
40 89496 17948 107445 1963688
41 90279 17166 107445 1873409
42 91068 16377 107445 1782341
43 91864 15581 107445 1690477
44 92667 14778 107445 1597810
45 93477 13968 107445 1504332
46 94294 13150 107445 1410038
47 95119 12326 107445 1314919
48 95950 11495 107445 1218969
49 96789 10656 107445 1122180
50 97635 9810 107445 1024545
51 98489 8956 107445 926057
52 99349 8095 107445 826707
53 100218 7227 107445 726489
54 101094 6351 107445 625395
55 101978 5467 107445 523418
56 102869 4576 107445 420549
57 103768 3676 107445 316780
58 104676 2769 107445 212105
59 105591 1854 107445 106514
60 106514 931 107445 0

Frequently Asked Questions (FAQs)

What is the EMI of a 1 lakh loan in IDFC bank?

If a borrower opts for a personal loan worth INR 1,00,000 for 12 months, they will have to incur a recurring EMI of INR 8,814. If any user needs to calculate their EMI status, they can use the IDFC personal loan calculator online. Here the interest rate is assumed to be 10.49%.

How much loan can I get on my salary of 15000 from IDFC bank?

Borrowers with a salary of INR 15,000 can expect a personal loan of up to INR 1,50,000. Furthermore, depending on an individual’s credit history, they can get better deals as well. Lastly, if an individual has some collateral to offer, there are good chances that they can land a personal loan with up to 90% of collateral value.

How can I check my personal loan eligibility in IDFC Bank?

To start with, any borrower should be aware of their financial disposition. With the help of the IDFC personal loan calculator, they can estimate the outcome of taking a personal loan. Furthermore, a user’s CIBIL score determines a major eligibility criterion.

How can I check my personal loan EMI status in IDFC bank?

Anyone can now use the IDFC personal loan EMI calculator online, which is a tool that enables one to calculate the outcome of their loan about the recurring monthly interest payment. The borrower can use the payment structure to anticipate the expense pattern for better repayment planning.

What is the EMI for a 1.5 lakhs personal loan?

If borrowers opt for a personal loan worth INR 1,50,000 for 12 months, they will have to incur a recurring EMI of 13,222. If any user needs to calculate their EMI status, they can use the IDFC personal loan calculator online. Here the interest rate is assumed to be 10,49%.

Is Cibil score required for a personal loan from IDFC bank?

IDFC bank personal loan requires applicants to have a CIBIL score of at least 650 points.