Taking a personal loan? Want to know how much EMI you’ll be paying every month? Our Personal Loan EMI Calculator helps you calculate your monthly repayment instantly based on your loan amount, interest rate, and tenure.
This tool is designed to make your financial planning easy—whether you’re borrowing for travel, education, medical expenses, or any personal need.
Monthly Loan EMI
₹
Total Interest Payable
₹
Total Payment
(Principal + Interest)
₹
What is a Personal Loan EMI?
EMI stands for Equated Monthly Installment, which is the fixed amount you pay every month towards repaying your personal loan. It includes:
- 🟢 Principal – The loan amount you borrow
- 🟠 Interest – The cost of borrowing from the bank or lender
Your EMI remains fixed during the loan tenure, making it easy to plan your monthly budget.
How to Use the Personal Loan EMI Calculator?
Using our calculator is super simple:
- Enter the loan amount (e.g., ₹3,00,000)
- Select the interest rate (e.g., 11.5% per annum)
- Choose your repayment tenure (e.g., 3 years)
Click “Calculate” and instantly get:
- Monthly EMI
- Total interest payable
- Total repayment amount
You can change the values to compare different scenarios and choose the best loan plan.
Benefits of Using Our EMI Calculator
- ⚡ Instant Results – No need to do manual calculations
- 📉 Budget Planning – Know your EMI before applying
- 🏦 Works for All Banks – Supports loans from all Indian banks and NBFCs
- 📊 Smart Comparison – Test different interest rates and tenures easily
Example: Personal Loan EMI Calculation
Suppose you take a personal loan of ₹5,00,000 at 12% interest for 4 years.
Your EMI would be around ₹13,167/month, and you’d pay approx. ₹1.32 lakh in total interest.
Try different amounts and terms in the calculator to find what suits your pocket.
Who Can Use This Calculator?
Anyone planning to take a personal loan from:
- 🏦 Banks (SBI, HDFC, ICICI, Axis, etc.)
- 🧾 NBFCs (Bajaj Finserv, Tata Capital, etc.)
- 💼 Digital lenders (PaySense, KreditBee, etc.)
This calculator is ideal for salaried individuals, self-employed professionals, or even first-time borrowers.
Tips to Reduce Your EMI
- Choose a longer tenure (but keep in mind you’ll pay more interest overall)
- Maintain a high CIBIL score to get lower interest rates
- Compare loan offers from multiple banks
- Opt for prepayment or part payment when possible
Final Thoughts
Before applying for a personal loan, use our Personal Loan EMI Calculator to plan your repayments with confidence. It’s a free, easy-to-use tool that helps you make informed borrowing decisions.
👉 Try the calculator now and borrow smartly!