TOOLS · PERSONAL LOAN
Personal loan EMI calculator
Set the amount, rate and tenure — see your monthly EMI, total interest and full repayment picture before you speak to a single lender.
EMI CALCULATOR
Personal loan, planned to the rupee.
YOU PAY MONTHLY
₹14,122
for 24 months at 12% p.a.
₹38,929Principal
₹3,00,000Total payable
₹3,38,929
OVERVIEW
Why plan the EMI before the loan?
An EMI — equated monthly instalment — is the fixed amount you repay each month, blending principal and interest so the loan retires exactly at tenure's end. Early instalments are interest-heavy; later ones repay mostly principal.
Working the number out first tells you what tenure your salary can absorb comfortably — most advisors suggest keeping all EMIs within 40–50% of monthly income. It also gives you a benchmark: when a lender's quote arrives, you'll know exactly what each 0.5% of interest costs you.
FORMULA
The arithmetic, in the open.
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P = principal · r = monthly rate (annual ÷ 12 ÷ 100) · n = tenure in months
WORKED EXAMPLE
Borrow ₹3,00,000 at 12% p.a. for 24 months. Monthly rate r = 0.01, and (1.01)24 ≈ 1.2697. EMI = 3,00,000 × 0.01 × 1.2697 ÷ 0.2697 ≈ ₹14,123 a month — about ₹38,950 of total interest over the two years.
FACTORS
What moves your EMI.
Principal
EMI scales linearly — borrow 20% less and the EMI drops 20%. Borrow only what the purpose truly needs.
Interest rate
Set by the lender on your credit profile. On ₹3L over 24 months, each 1% p.a. is roughly ₹140 a month.
Tenure
Longer tenure shrinks the EMI but grows total interest. Stretch only as far as comfort demands.
Credit profile
A 750+ score, stable income and low existing EMIs earn you the lower end of every lender's rate band.
BENEFITS
What the ten seconds buy you.
Budget certainty — know the exact monthly outflow before committing, and test it against your other obligations.
Tenure comparison — slide between 24 and 48 months and watch the interest cost of comfort, in rupees.
Negotiating power — when you know what 11.5% versus 13% costs monthly, lender conversations change tone.
Zero footprint — calculators involve no bureau enquiry. Model as many scenarios as you like.
HOW TO USE
Three moves, one clear answer.
STEP 01
Set the amount you actually need — type it or slide between ₹50,000 and ₹10,00,000.
STEP 02
Enter the rate you expect. Personal loans on our panel currently run 10.49%–24% p.a. by profile.
STEP 03
Adjust tenure until the EMI sits comfortably inside your monthly budget — then apply with confidence.
FAQS
Calculator questions, answered.
The number works? Let's find the lender.
Three minutes to apply — a named advisor compares your profile across 40+ lenders and reaches you on WhatsApp.
Apply now →ESTIMATES ONLY — OFFERS DEPEND ON LENDER ELIGIBILITY AND YOUR CREDIT PROFILE.