Online EMI Calculator for Personal Loan

With a Personal Loan EMI calculator, you can easily calculate your monthly EMI online and plan your loan effectively.

Use calculator here.
×
Loan Amount
INR
|
0
|
50L
|
10M
|
15.5M
|
20M
|
25M
Tenor
Months
|
3
|
15
|
26
|
38
|
49
|
60
Interest Rate
%
|
6
|
9
|
12
|
15
|
18
|
21
|
24
|
27
|
30
|
33
|
35

Loan EMI

Rs. 23,444

Total Interest Payable

Rs.4,89,722

Total Payment (Principle + Interest)

Rs.13,59,722

 

Total Interest

 

Principle Amount

EMI Repayment Schedule
  • Year
  • Principal
  • Interest
  • Total Payment
  • Balance
  • Loan Paid to Date

What is Personal Loan?

A personal loans is an amount of money you can borrow from different sources for a variety of purposes. A personal loan is offered by public or private sector banks or financial institutions like, bajaj finance, etc.

  • Personal loan are loans that are basically taken for personal expenses.
  • You can get loan at banks, financial institutions, credit unions or online lenders.
  • These loans are difference from other loans, like car loans, home loans, education loans etc.
  • Personal Loan basically covers, Debt consolidation, Medical bills, Wedding expenses, Home renovations or repairs, Funeral costs, Vacation costs etc.

How to Calculate Personal Loan?

You can use Bankaddress.in (Branch Locator) Personal loan EMI calculator to calculate loan online by just selecting amount, duration and loan interest. It will calculate your interest payable amount automatically just like a magic.

In this calculator, you can set amount about 0 to 2.5 crore. We have increase the amount because of public demand.

  • First Select the bank from which you want to take a personal loan.
  • After that, set desired amount. It should be more than 1000
  • Now select the interest rate and sit back, this calculator calculate personal loan automatically.

Note that, you can set amount, duration, interest rate manually.

How does Personal Loan EMI Calculator Work?

An EMI calculator uses a simple formula to determine your EMI.

This formula is used is: e = p * r * (1+r)^n / ((1+r)^n-1) Where,

  • E is EMI
  • P for Principal loan amount
  • R is the rate of interest calculated on monthly basis
  • n is the tenor/duration