Interactive Financial Tool
Personal Loan EMI Calculator
Calculate your monthly installment (EMI), interest breakdown, and total repayment amount instantly.
₹
₹25,000₹50 Lakhs
%
8.5%30.0%
Yrs (60 m)
1 Year7 Years
Monthly Installment
₹ 10,747 / month
Principal Amount:₹ 5,00,000
Total Interest:₹ 1,44,820
Total Payable:₹ 6,44,820
Principal (78%)Interest (22%)
How to Calculate Personal Loan EMI?
Here is the formula used for calculating EMIs:
EMI = [P × R × (1+R)N] / [(1+R)N - 1]In this formula:
- P: Principal Amount
- R: Monthly Interest Rate
- N: Loan Tenure in Months
Example
- Principal (P): Rs. 10,00,000
- Annual Interest Rate: 10.5%
- Monthly Rate (R): 10.5% / 12 = 0.875%
- Loan Tenure (N): 120 Months (10 Years)
- Calculated EMI: Rs. 13,493
Rs. 10,00,000 × 0.00875 × (1 + 0.00875)120 / ((1 + 0.00875)120 - 1) = Rs. 13,493
Total Payable: Rs. 13,493 × 120 = Rs. 16,19,220
Interest Component: Rs. 6,19,220