Personal Loan EMI Calculator
Plan your repayment before you borrow. Move the sliders to see your monthly EMI, total interest and total repayment for a personal loan of up to ₹15 lakh at rates starting from 13.49% per annum.
Calculate Your Monthly EMI
Monthly EMI
₹13,536
- Principal
- ₹5,00,000
- Total interest
- ₹1,49,712
- Total repayment
- ₹6,49,712
Indicative figures only. Your final EMI depends on the rate and charges approved by the partner lender.
Happy with the EMI? Check the eligibility criteria and the documents required before applying for a personal loan.
EMI Calculator FAQs
How is personal loan EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate divided by 12 and by 100) and n is the tenure in months.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
Is the calculated EMI final?
No. It is an indicative estimate. Your actual EMI depends on the rate sanctioned by the lender and any applicable processing fee or charges.
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