EMI calculator for

Medical Loan

Enter your requirements below 👇🏻

₹1,00,000

18 %

12 Months

Estimated EMI

₹9,168 per month

Principal: ₹1,00,000

Interest: ₹10,016

APR

25%

Total Interest

₹10,016

Processing Fee (3%)

₹3,540

Total Amount Payable

₹1,13,556

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Your EMI over the months

Your Amortization Details

Month	EMI	Principal	Interest	Balance
0	₹0	₹0	₹0	₹1,00,000
1	₹9,168	₹7,668	₹1,500	₹92,332
2	₹9,168	₹7,783	₹1,385	₹84,549
3	₹9,168	₹7,900	₹1,268	₹76,649

4	₹9,168	₹8,018	₹1,150	₹68,631
5	₹9,168	₹8,139	₹1,029	₹60,492
6	₹9,168	₹8,261	₹907	₹52,232
7	₹9,168	₹8,385	₹783	₹43,847
8	₹9,168	₹8,510	₹658	₹35,337
9	₹9,168	₹8,638	₹530	₹26,699
10	₹9,168	₹8,768	₹400	₹17,932
11	₹9,168	₹8,899	₹269	₹9,033
12	₹9,168	₹9,033	₹135	₹0

Medical Loan

A medical loan or doctor loan EMI calculator is an online tool that enables you to estimate EMIs on loans. These loans are specifically designed for medical professionals and healthcare practitioners to offer flexible repayment options and higher loan amounts, compared to traditional loans.

Factors determining a medical loan are:

Principal amount borrowed
Interest rate
Loan term

Throughout the loan term, the EMI remains constant. Consequently, you can plan your finances more efficiently since you know exactly how much you need to repay each month. Use the tool to select the desired loan amount and tenure and get an idea of the total interest amount and amount you must pay.

Need ₹500000? Get the cash you need at low interest rates on Fi App

FAQs

Can I use this calculator for different types of personal loans?

Yes, an APR calculator can calculate the APR for various loans, including personal loans, mortgages, and credit cards.

What are the eligibility criteria for a personal loan?

Eligibility criteria includes: Employees working in private sector, public sector undertakings (including central, state, and local bodies), individuals between 21 and 60 years of age, net income of 25000/- month, and individuals who have had a job for at least 2 years, with a minimum of 1 year with current employer.

How can I apply for an instant personal loan?

To apply for an instant personal loan, visit your preferred lender's website or Fi Money's app, fill out the application form, upload the required documents (like ID proof, income proof, etc.), and submit. Approval is usually quick, and the funds are disbursed instantly upon approval.
Know all about a personal loan.

What are the types of APRs?

There are two main categories of APRs: Credit Card APRs (including Purchase, Cash Advance, Balance Transfer, Penalty, and Introductory rates) and Bank Loan APRs (including Fixed rates).

Disclaimer: The above content is for informational purposes only and is not meant to be taken as investment, financial, or any other kind of advice. This is not a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments.