Online Personal Loan EMI Calculator
Plan your personal loan repayments with ease. Use our Personal Loan EMI Calculator to instantly find out your monthly EMI, interest outgo, and total repayment amount — so you can borrow smart and stress-free.
What Is a Personal Loan EMI Calculator?
A Personal Loan EMI Calculator is a free online tool that helps you calculate your Equated Monthly Instalments (EMIs) for a personal loan. Whether you’re planning a wedding, a dream vacation, a medical emergency, or a home renovation, this calculator helps you know in advance what you’ll pay every month — so there are no surprises.
Loan Amount
Interest rate
Tenure
Amortization Schedule
| Month | EMI | Interest Paid During The Month |
Principal Repaid During The Month |
Principal Outstanding |
|---|
How to Use Personal Loan EMI Calculator?
To use the calculator effectively, you only need three simple inputs:
Loan Amount
The total amount you plan to borrow. Most personal loans in India range from ₹50,000 to ₹25 lakhs.
Example: If you want to borrow ₹5 lakhs, enter that amount and adjust the tenure and rate to see the EMI.
Loan Tenure
The time over which you’ll repay the loan.
Longer tenure → Lower EMI → Higher total interest
Shorter tenure → Higher EMI → Lower total interest
Interest Rate
Enter the annual interest rate offered by the lender
(e.g., 12.5%). The calculator will automatically convert it to a monthly rate and compute the EMI.
How Does the Personal Loan EMI Calculator Work?
The personal loan EMI is calculated using below mentioned formula:
Where P = Principal Loan Amount | R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100) | N = Loan Tenure in Months
Instead of crunching numbers manually, our calculator does the math for you in milliseconds.
Example EMI Calculation
Loan Amount
₹5,00,000
Tenure
36 months (3 years)
Interest Rate
13% per annum
Output
Monthly EMI
~₹16,915
Total Interest Payable
₹1,08,940
Total Repayment
₹6,08,940
You can change any of the three values and instantly see how the EMI changes.
Try Multiple Scenarios
Use the calculator to test different combinations
What if you increase tenure from 24 to 48 months?
What if the interest rate drops by 1%?
What’s the EMI difference between ₹5 lakhs and ₹7 lakhs?
This gives you complete control and helps you make informed borrowing decisions.
How EMI Changes with Loan Tenure?
| Tenure | EMI (₹5L @ 13%) | Total Interest |
|---|---|---|
| 12 months | ₹44,747 | ₹36,964 |
| 24 months | ₹23,834 | ₹72,014 |
| 36 months | ₹16,915 | ₹1,08,940 |
| 48 months | ₹13,469 | ₹1,46,523 |
| 60 months | ₹11,377 | ₹1,82,617 |
Longer tenures offer smaller EMIs but increase your total interest paid. Choose wisely based on your cash flow and repayment ability.
Why Use a Online Personal Loan EMI Calculator?
Instant Results
No need for spreadsheets or manual calculations — just enter a few details and get your EMI instantly.
Better Loan Planning
Compare different loan amounts, tenures, or interest rates to choose the most affordable EMI for your budget.
Avoid Over-Borrowing
Knowing your EMI in advance helps you borrow within your repayment capacity, reducing the risk of default.
Compare Lenders Easily
Use the tool to compare EMI offerings from different lenders based on the interest rates and terms they offer.
Completely Online & Free
Use anytime, anywhere
No Personal Details Needed
Instant calculation without login
Helps with Prepayment Planning
Know how much you’ll save by closing the loan early
Smart Borrowing
Choose loan options that work best for you
FAQs about Personal Loan EMI calculator
It gives a close estimate. Your final EMI may differ slightly based on processing fees, GST, or other charges by the lender.
Absolutely. You can use it as many times as you want — no sign-up, no charges.
