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. Whether it’s for education, travel, wedding, home renovation, or business needs—know your EMI and plan smarter.

₹
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

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