Personal Loan EMI Calculator

₹
Yr
%

Estimated Monthly EMI

₹ 1,062

Principal₹ 50,000
Total Interest₹ 13,741
Total Payable₹ 63,741

EMI Amortization Schedule

Home Loan EMI Calculator

Calculate your monthly home loan EMI easily using our free, accurate, and fast online EMI calculator.

Why Use a Home Loan EMI Calculator?

Buying a home in India often requires financial assistance due to rising property prices. An EMI calculator helps estimate monthly installments (EMIs) and eliminates guesswork from your financial planning.

  • ✅ Accurate EMI values instantly
  • ✅ Saves time vs. manual calculations
  • ✅ Adjust loan values and compare plans
  • ✅ Free to use unlimited times

How Is EMI Calculated?

The EMI is calculated using the formula:

E = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
E = EMI, P = Principal, R = Interest Rate, N = Tenure in months

For example, ₹1 Crore loan over 15 years at 12% interest = ₹1,10,108 EMI.

How EMIs Change Over Time

Each EMI has a principal and an interest portion. Initially, interest is higher. Over time, interest reduces and principal increases. This breakdown helps in financial planning.

How to Use This Calculator

  1. Enter loan amount
  2. Enter interest rate
  3. Select loan tenure

Your EMI appears instantly. You can try various combinations.

Advantages of Using Our Calculator

100% Free

No sign-up required. Unlimited usage.

Accurate Results

Instant EMI based on real-world formula.

Financial Planning

Compare loan options easily.

Start Your EMI Calculation Now

Plan your home loan repayment with confidence.

Use EMI Calculator

Frequently Asked Questions (FAQs)

No, personal loans are unsecured loans, which means you do not need to pledge any asset or collateral. This makes them an ideal financing option for salaried individuals or self-employed professionals who need quick access to funds without risking personal assets.

Yes, in most cases, the EMI for a personal loan remains fixed throughout the loan tenure, especially if you have opted for a fixed interest rate loan. However, if you make a part-prepayment or your loan has a floating rate, the EMI or loan term may change accordingly.

To get a personal loan at a lower interest rate, ensure your credit score is above 750, maintain a low debt-to-income ratio, and compare loan offers from different banks and NBFCs. Applicants with stable income and good credit history are more likely to receive attractive offers with lower rates.