Tools · Free to Use
Personal Loan EMI Calculator
Pick a loan type, then move the sliders to match your amount, rate and tenure — the ledger on the right updates instantly.
This is an indicative estimate for planning purposes. Your actual EMI depends on the lender, your credit profile and applicable processing fees.
Your Monthly EMI
₹10,871
Principal amount—
Total interest payable—
Total amount payable—
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Understanding EMI
How this number is worked out.
EMI stands for Equated Monthly Instalment — the fixed amount you repay every month, made up of both principal and interest. Early in the loan, a larger share of each EMI goes toward interest; as the outstanding principal shrinks, more of each instalment starts paying down the principal itself.
| EMI formula | P × r × (1+r)ⁿ / ((1+r)ⁿ−1) |
|---|---|
| P | Principal loan amount |
| r | Monthly interest rate |
| n | Tenure in months |
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