Personal Loan EMI Calculator
Plan your loan with confidence. Calculate EMI, interest costs, and see how much you could save with better rates.
Monthly EMI: ₹0
Total Interest Paid
₹-1,00,000
Interest Savings with 1% Lower Rate
₹-1,04,942
Payment Schedule
| Month | EMI | Principal | Interest | Remaining Balance |
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Frequently Asked Questions
How is personal loan EMI calculated?
Personal loan EMI is calculated using the formula: EMI = P × r × (1 + r)^n/((1 + r)^n - 1), where P is principal, r is monthly interest rate, and n is tenure in months.
What factors affect my EMI amount?
Your EMI amount is affected by three main factors: loan amount, interest rate, and loan tenure. A higher loan amount or interest rate increases EMI, while a longer tenure reduces it.