Personal Loan EMI calculator

Plan your monthly loan repayments efficiently

Monthly EMI :

Loan details as specified by you

Total Amount to be paid :

From meeting an unplanned expense for health care to paying for that spur-of-the-moment trip, Personal Loan is the quickest way out to meet all your expenses without any collateral. However, repaying back the entire loan amount at once is not easy, therefore Equated Monthly Instalments (EMI) are the most convenient way to get the Personal Loan off your back.

EMI calculator is a quick, transparent and easy way to know your monthly outflow of cash. Manage your expenses competently by knowing the amount that will be debited every month from your account towards your Personal Loan. Calculate the EMI using the Personal Loan Calculator by selecting the interest rate, loan tenure and the amount you wish to borrow.

All you need to do is enter a few loan parameters such as your principal loan amount, interest rate and loan term in the EMI Calculator to arrive at the EMI. The complex and time consuming task of manual calculations is automated by using the below EMI formula.

The mathematical formula used to calculate Personal Loan EMI is:

E = [P x R x (1+R)^N)]/ [(1+R)^N-1]

  • Where,
  • E is EMI
  • P is Principal Loan Amount
  • R is Interest rate calculated on monthly basis
  • N is loan duration in number of months
  • N is loan duration in number of months