Personal Loan EMI Calculator

The personal loan EMI calculator helps you instantly determine your EMI based on principal, tenure and rate of interest. This helps you plan monthly finances and avoid cash-flow issues.

Simply move the three sliders—Loan Amount, Tenure & Interest Rate— and the EMI updates automatically.

Calculate Your EMI Instantly

A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan.

₹
Selected:
Years
Selected:
% p.a.
Selected:
Monthly Payable

0 / month

Principal

Interest

Total Payable

Breakdown: Principal vs Interest
Repayment Schedule
Month-Year EMI Interest Principal Balance

How to Calculate Personal Loan EMI?

Here is the formula used for calculating EMIs:

EMI = [P × R × (1+R)N] / [(1+R)N − 1]

In this formula:

Example

  • Principal (P): Rs. 10,00,000
  • Annual Interest Rate: 10.5%
  • Monthly Rate (R): 10.5% / 12 = 0.875%
  • Loan Tenure (N): 120 Months (10 Years)
  • Calculated EMI: Rs. 13,493

Rs. 10,00,000 × 0.00875 × (1 + 0.00875)120 / ((1 + 0.00875)120 – 1) = Rs. 13,493

Total Payable: Rs. 13,493 × 120 = Rs. 16,19,220
Interest Component: Rs. 6,19,220

Compare the best Personal loan offers

idfc-first-bank
IDFC First Bank
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
1%
Max Loan Amount
₹ 1 cr
Tenure Range
6 months to 5 years
incred
Incred
Interest Rate Range
Starting at 13.99 % onwards
Processing Fee
0-1%
Max Loan Amount
₹ 15 Lakhs
Tenure Range
1 to 5 years
bajaj-finserv
Bajaj Finserv
Interest Rate Range
Starting from 10.25% onwards
Processing Fee
0.5-3.93%
Max Loan Amount
upto 55 lakhs
Tenure Range
Upto 8 Years
axis-bank
Axis Bank
Interest Rate Range
Starting at 10.49% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 15 Lacs
Tenure Range
1 to 5 years
tata-fly
TATA FLY
Interest Rate Range
Starting at 18% onwards
Processing Fee
1- 3%
Max Loan Amount
₹25,00,000
Tenure Range
1 to 6 years
tata-capital
Tata Capital
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
0-1%
Max Loan Amount
₹ 35 lakhs
Tenure Range
upto 6 Years
bajaj-growth-location
Bajaj Growth Location
Interest Rate Range
NA
Processing Fee
NA
Max Loan Amount
NA
Tenure Range
NA
hdfc-bank
HDFC Bank
Interest Rate Range
Starting at 10.75% onwards
Processing Fee
2.50%
Max Loan Amount
₹ 40 Lakhs
Tenure Range
1 to 5 years
fibe
Fibe
Interest Rate Range
Starting at 18% onwards
Processing Fee
2%
Max Loan Amount
5 Lakhs
Tenure Range
6 to 36 months
smfg-india-credit
SMFG India Credit
Interest Rate Range
Starting at 13% onwards
Processing Fee
Up to 5%
Max Loan Amount
Up to INR 30 Lakh*
Tenure Range
1 to 5 years
bajaj-sol
Bajaj SOL
Interest Rate Range
Starting at 13% onwards
Processing Fee
0-4%
Max Loan Amount
upto 25 Lakhs
Tenure Range
1-5 years
Poonawalla-Fincorp
Poonawalla Fincorp
Interest Rate Range
Starting at 10.25% onwards
Processing Fee
3%
Max Loan Amount
50 Lakhs
Tenure Range
1-7 years
bajaj-prime-location
Bajaj Prime Location
Interest Rate Range
NA
Processing Fee
NA
Max Loan Amount
NA
Tenure Range
NA
axis-finance
Axis Finance
Interest Rate Range
Starting at 10% onwards
Processing Fee
0-3%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
1 to 7 years
bandhan-bank
Bandhan Bank
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
3%
Max Loan Amount
₹ 35 Lakhs
Tenure Range
1 to 5 years
finnable
Finnable
Interest Rate Range
Starting at 12% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 10 Lacs
Tenure Range
1-5 years
faircent
FairCent
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
0-3%
Max Loan Amount
₹ 10 lakhs
Tenure Range
6 months to 3 years
upwards
Upwards
Interest Rate Range
Starting at 18% onwards
Processing Fee
0-2%
Max Loan Amount
₹ 5 Lakhs
Tenure Range
1 to 5 years
moneyview
Moneyview
Interest Rate Range
Starting at 14% onwards
Processing Fee
2%
Max Loan Amount
₹ 10 Lakhs
Tenure Range
1 to 5 years
iifl
IIFL
Interest Rate Range
Starting at 12.75% onwards
Processing Fee
0-3%
Max Loan Amount
₹ 1 lacs to 25 lacs
Tenure Range
1 to 5 years
indusind-bank
IndusInd Bank
Interest Rate Range
Starting at 10.49% onwards
Processing Fee
0-2%
Max Loan Amount
50 Lakhs
Tenure Range
1 to 4 years
kotak-bank
Kotak Bank
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
0-2%
Max Loan Amount
₹ 30 Lakhs
Tenure Range
1 to 5 years
icici-bank
ICICI Bank
Interest Rate Range
Starting at 10.25% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
1 to 6 years
hdb-financial
HDB Financial
Interest Rate Range
Starting at 10% onwards
Processing Fee
0-3%
Max Loan Amount
upto ₹ 20 lakhs
Tenure Range
1 to 5 years
karur-vysya-bank
Karur Vysya Bank
Interest Rate Range
Starting at 11.15% onwards
Processing Fee
0.50%
Max Loan Amount
upto ₹ 75 lacs
Tenure Range
1 to 6 years
union-bank-of-india
Union Bank of India
Interest Rate Range
Starting at 11.35% onwards
Processing Fee
1.0%
Max Loan Amount
upto 15 lakhs
Tenure Range
1 to 5 years
canara-bank
Canara Bank
Interest Rate Range
Starting at 10.95% onwards
Processing Fee
0.50%
Max Loan Amount
Upto 30 Lakhs
Tenure Range
1 to 7 years
federal-bank
Federal Bank
Interest Rate Range
Starting at 11.49 % onwards
Processing Fee
2.50%
Max Loan Amount
₹ 50 lakhs
Tenure Range
1 to 5 years
muthoot-finance
muthoot finance
Interest Rate Range
10.25%
Processing Fee
0-3%
Max Loan Amount
25 Lkahs
Tenure Range
1 to 6 year
yes-bank
Yes Bank
Interest Rate Range
Starting at 10.99% onwards
Processing Fee
2%
Max Loan Amount
₹ 40 lakhs
Tenure Range
1 to 5 years
aditya-birla-capital
Aditya Birla Capital
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
2%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
0 to 7 years
Compare (0)