Personal Loan EMI Calculator

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Personal Loan EMI Calculator
Calculate your monthly EMI, total interest and total repayment for any personal loan.
Total loan you plan to take
₹
Typical personal loan: 11% – 20% p.a.
14%
In years (we’ll convert to months)
3 years (36 months)
Many banks charge 1%–3%
Monthly EMI
₹0
Enter the loan details on the left to see your EMI breakdown.
Total loan amount
₹0
Total interest payable
₹0
Total amount payable
₹0
Processing fee (one-time)
₹0
Tenure: 0 years (0 months)
Interest rate: –
Effective cost (interest + fee): ₹0
Note: This is a simplified EMI calculation based on a flat interest rate and standard EMI formula. Actual EMI may differ slightly depending on your bank’s rounding and charges.

About This Personal Loan EMI Calculator

This Personal Loan EMI Calculator helps you estimate how much you will pay every month towards your loan, along with the total interest and overall repayment amount. It uses the standard reducing balance EMI formula used by banks and NBFCs.

How to Use

  • Enter your desired loan amount (for example ₹5,00,000).
  • Add the expected interest rate per annum (e.g. 14%).
  • Select the loan tenure in years – we show months automatically.
  • Optionally, enter the processing fee % charged by the bank.
  • Click “Calculate EMI” or simply edit the fields to auto-update the results.

EMI Formula Used

EMI is calculated using the formula:
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
where P is the loan amount, r is the monthly interest rate (annual rate / 12 / 100), and n is the total number of months.

This calculator is for planning and educational purposes only. It does not constitute financial advice or a loan offer. Please check the exact EMI and charges with your bank or a registered financial advisor before taking a loan.