Personal Loan EMI Calculator

Loan Amount

Enter value between 25K and 10 Cr
25K 10 Crore

Tenure (Years)

Enter value between 1 and 30
1 30

Interest Rate (P.A)

Enter value between 1 and 20
1 20
Monthly EMI
Principal Amount
Interest Amount
₹ 9,57,568
Total Payment

All about Personal Loan Calculator Explained

What Is a Personal Loan EMI Calculator?

What Are the Factors Affecting Personal Loan?

What Is an Online Personal Loan EMI Calculator?

What Is the Formula to Calculate Personal Loan EMI?

Given below is the personal loan EMI calculator formula -

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

The 3 components that make up equated monthly instalments of a personal loan are mentioned in the above personal loan calculation formula as P, R and N.

These denote –

P = Principal amount

R = Interest rate

N = Loan tenure 

The following table will enable you to understand the above formula better. In this example, consider that the amount borrowed or principal is ₹10,00,000. The rate of interest charged annually is 10.5%. In this formula, the interest rate is calculated on a monthly basis. This implies R = Rate of Annual interest/12/100. Therefore, as the interest rate is 10.5% per annum here, then R = 10.5/12/100=0.00875.

The computed EMI will be ₹13,493. Thus, you need to pay ₹13,493 for 120 months for repaying the complete loan amount. The total amount payable will be ₹13,493 * 120 = ₹16,19,220. This includes ₹6,19,220 as interest toward the acquired loan.





Annual interest rate


Loan tenure

10 years or 120 months



Benefits of a Personal Loan EMI Calculator

Documents Required for a Personal Loan

What Are the Tax Benefits on Personal Loan?

Frequently Asked Questions