EMI Calculator
Personal Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI) for personal loans instantly. Adjust loan amount, interest rate, and tenure to find your ideal repayment plan.
EMI Calculator
Adjust the sliders to calculate your monthly EMI
₹ 35,000
12 %
12 months
12
24
36
48
60
72
Your Monthly Personal Loan EMI
₹ 2,320
₹ 35,000
Loan Amount
₹ 2,320
Total Interest
₹ 37,320
Total Amount
EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where:
- P = Principal Loan Amount
- R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
- N = Loan Tenure in Months
This formula calculates the fixed monthly payment (EMI) required to repay a loan over a specified period at a specified interest rate.