Equitas SFB Personal Loan EMI Calculator
Estimate monthly instalments on Equitas Small Finance Bank Personal Loans designed for salaried professionals and micro-entrepreneurs.
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Official Rate Formula & Benchmark:
Equitas Personal Loans offer unsecured borrowing up to ₹10 Lakh with reducing balance interest starting from 12.50% p.a.
Current official starting rate: 12.50% p.a. (Range: 12.50% – 18.00% p.a.).
Equitas SFB Personal Loan EMI Calculator
Interactive calculation engine using official Equitas SFB rates
Official Equitas SFB Rate (12.50%)
₹2,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 12.5% - 18%20.00%
3 Years(36 mo)
1 Yr30 Yrs
Monthly EMI
₹6,691
For 3 years at 12.50% p.a. reducing balance
Principal Loan Amount₹2,00,000
Total Interest Payable₹40,864
Total Amount Payable₹2,40,864
Principal (83.0%)Interest (17.0%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹58,572 | ₹21,720 | ₹80,292 | ₹1,41,428 |
| Year 2 | ₹66,328 | ₹13,964 | ₹80,292 | ₹75,099 |
| Year 3 | ₹75,099 | ₹5,181 | ₹80,280 | ₹0 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
12.50% p.a.
Effective Rate Range
12.50% – 18.00% p.a.
fixed RateBenchmark Index
RBI Repo Linked / Card Rate
Applicable Conditions & Eligibility Factors:
- Tailored for small business owners and salaried individuals
- Up to ₹10 Lakh quantum
Source: Equitas Personal Loan Terms
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Unsecured personal loans up to ₹10 Lakh.
- 2Tenures from 12 to 36 months with simplified documentation.
Key Factors Influencing Your Rate
- •Salary profile or verified micro-business revenue
- •Credit bureau risk band
Worked Numerical Example: Equitas SFB Personal Loan EMI Calculator
Principal₹2,00,000
Rate Applied12.5% p.a.
Tenure3 Years
Monthly EMI₹6,691
For a ₹2,00,000 loan at 12.50% p.a. for 3 years (36 months), your monthly EMI is ₹6,691, with total interest of ₹40,864.
Frequently Asked Questions: Equitas SFB Personal Loan EMI Calculator
- Max loan amount?
- Up to ₹10 Lakh.
- Starting rate?
- Starts from 12.50% p.a.