IIFL Personal Loan EMI Calculator

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Calculate EMI for IIFL Personal loan

Loan Amount

Tenure

Rate of Interest

Your Monthly Personal Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

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Year	Payable Amount	Principal	Interest	Balance

IIFL Personal Loan EMI Calculation

Month	Opening principal outstanding	Interest paid	Principal repaid	Resulting principal outstanding
1	Rs. 2,00,000	Rs. 4,667	Rs. 31,441	Rs. 1,68,559
2	Rs. 1,68,559	Rs. 3,933	Rs. 32,175	Rs. 1,36,384
3	Rs. 1,36,384	Rs. 3,182	Rs. 32,926	Rs. 1,03,458
4	Rs. 1,03,458	Rs. 2,414	Rs. 33,694	Rs. 69,764
5	Rs. 69,764	Rs. 1,628	Rs. 34,480	Rs. 35,284
6	Rs. 35,284	Rs. 823	Rs. 35,285	Rs.0

How to Pay IIFL Personal Loan EMI?

You can choose to repay your IIFL Personal Loan EMI through any of the following ways:

Net banking
App
Wallets, such as GPay, PhonePe and more

IIFL Personal Loan EMI Charges in Case of Prepayment

You can opt for personal loan prepayment to lower the cost of borrowing. Since this feature allows you to reduce your principal corpus, you can enjoy lower EMIs after prepaying your loan. With IIFL, you do not have to pay any charges for prepayment or foreclosure. This ensures your overall cost of borrowing stays minimum.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

How to calculate IIFL Personal Loan EMI?

You can apply the EMI formula or use an online personal loan EMI calculator to compute your personal loan EMIs. This online tool is easy to use and displays accurate results within seconds.

What is the EMI for Rs.20 Lakhs Personal Loan in IIFL Bank?

The EMI of Rs.20 lakhs personal loan in IIFL would depend on the interest rate and loan tenure. Thus, you need to know for how long you would be planning on taking a loan. For instance, if you take a loan for a tenure of 10 years at an interest rate of 12% per annum, your EMI would be Rs. 28,694.