Personal Loan Calculator

In times of emergency or sudden major expenses, taking a personal loan often becomes necessary. But if you can find out in advance how much EMI (Equated Monthly Installment) you will have to pay every month, it becomes much easier to plan your budget. In that case, our Personal Loan Calculator can be your best companion.

How does this tool work?

Using this calculator is extremely easy. You just need to enter the following three details:

• Loan Amount - The total amount you wish to borrow
• Interest Rate (Annual) - The yearly interest rate offered by your lender
• Loan Tenure - The repayment period in months

Then, simply click on the "Calculate EMI" button, and within a second, you'll get to know:

• How much EMI you need to pay each month
• The total interest payable over the loan tenure
• The overall repayment amount during the entire tenure

Why use our Personal Loan Calculator?

Who is this tool useful for?

This tool is specially designed for:

• Those who are planning to take a loan during an emergency
• Those who want to plan their EMI and budget in advance
• Anyone looking for a simple, mobile-friendly calculator
• Individuals comparing loan offers from different lenders

Example: For a ₹5,00,000 loan at 10.5% interest for 36 months, your EMI would be approximately ₹16,250.

Tips for Managing Your Personal Loan

• Compare interest rates from multiple lenders before applying
• Choose the right tenure - longer tenure means lower EMI but higher total interest
• Check for prepayment options to save on interest
• Maintain a good credit score to get better interest rates

If you are considering taking a personal loan, make sure to calculate your EMI beforehand—so that you don't face unexpected financial pressure later. For that, use our Personal Loan Calculator — completely free and reliable.