How to use it
- 1.Enter the amount required rather than the maximum offered.
- 2.Use the lender's quoted rate.
- 3.Compare tenure and total interest.
- 4.Check fees, late charges and prepayment rules in the agreement.
Updated
Personal Loan EMI Calculator
The calculator uses a reducing-balance EMI formula for a fixed principal, rate and tenure. Change every input and see the estimate update immediately.
Adjust your assumptions
₹
₹0₹5,00,00,000
%
024
years
130
Your estimate
₹11,122
Monthly EMI
Principal
₹5,00,000
Total interest
₹1,67,333
Total repayment
₹6,67,333
View amortisation schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹11,122 | ₹6,122 | ₹5,000 | ₹4,93,878 |
| 2 | ₹11,122 | ₹6,183 | ₹4,939 | ₹4,87,694 |
| 3 | ₹11,122 | ₹6,245 | ₹4,877 | ₹4,81,449 |
| 4 | ₹11,122 | ₹6,308 | ₹4,814 | ₹4,75,141 |
| 5 | ₹11,122 | ₹6,371 | ₹4,751 | ₹4,68,771 |
| 6 | ₹11,122 | ₹6,435 | ₹4,688 | ₹4,62,336 |
| 7 | ₹11,122 | ₹6,499 | ₹4,623 | ₹4,55,837 |
| 8 | ₹11,122 | ₹6,564 | ₹4,558 | ₹4,49,273 |
| 9 | ₹11,122 | ₹6,629 | ₹4,493 | ₹4,42,644 |
| 10 | ₹11,122 | ₹6,696 | ₹4,426 | ₹4,35,948 |
| 11 | ₹11,122 | ₹6,763 | ₹4,359 | ₹4,29,185 |
| 12 | ₹11,122 | ₹6,830 | ₹4,292 | ₹4,22,355 |
| 13 | ₹11,122 | ₹6,899 | ₹4,224 | ₹4,15,456 |
| 14 | ₹11,122 | ₹6,968 | ₹4,155 | ₹4,08,489 |
| 15 | ₹11,122 | ₹7,037 | ₹4,085 | ₹4,01,451 |
| 16 | ₹11,122 | ₹7,108 | ₹4,015 | ₹3,94,343 |
| 17 | ₹11,122 | ₹7,179 | ₹3,943 | ₹3,87,165 |
| 18 | ₹11,122 | ₹7,251 | ₹3,872 | ₹3,79,914 |
| 19 | ₹11,122 | ₹7,323 | ₹3,799 | ₹3,72,591 |
| 20 | ₹11,122 | ₹7,396 | ₹3,726 | ₹3,65,195 |
| 21 | ₹11,122 | ₹7,470 | ₹3,652 | ₹3,57,724 |
| 22 | ₹11,122 | ₹7,545 | ₹3,577 | ₹3,50,179 |
| 23 | ₹11,122 | ₹7,620 | ₹3,502 | ₹3,42,559 |
| 24 | ₹11,122 | ₹7,697 | ₹3,426 | ₹3,34,862 |
| 25 | ₹11,122 | ₹7,774 | ₹3,349 | ₹3,27,089 |
| 26 | ₹11,122 | ₹7,851 | ₹3,271 | ₹3,19,237 |
| 27 | ₹11,122 | ₹7,930 | ₹3,192 | ₹3,11,308 |
| 28 | ₹11,122 | ₹8,009 | ₹3,113 | ₹3,03,298 |
| 29 | ₹11,122 | ₹8,089 | ₹3,033 | ₹2,95,209 |
| 30 | ₹11,122 | ₹8,170 | ₹2,952 | ₹2,87,039 |
| 31 | ₹11,122 | ₹8,252 | ₹2,870 | ₹2,78,787 |
| 32 | ₹11,122 | ₹8,334 | ₹2,788 | ₹2,70,453 |
| 33 | ₹11,122 | ₹8,418 | ₹2,705 | ₹2,62,035 |
| 34 | ₹11,122 | ₹8,502 | ₹2,620 | ₹2,53,533 |
| 35 | ₹11,122 | ₹8,587 | ₹2,535 | ₹2,44,946 |
| 36 | ₹11,122 | ₹8,673 | ₹2,449 | ₹2,36,274 |
| 37 | ₹11,122 | ₹8,759 | ₹2,363 | ₹2,27,514 |
| 38 | ₹11,122 | ₹8,847 | ₹2,275 | ₹2,18,667 |
| 39 | ₹11,122 | ₹8,936 | ₹2,187 | ₹2,09,732 |
| 40 | ₹11,122 | ₹9,025 | ₹2,097 | ₹2,00,707 |
| 41 | ₹11,122 | ₹9,115 | ₹2,007 | ₹1,91,592 |
| 42 | ₹11,122 | ₹9,206 | ₹1,916 | ₹1,82,385 |
| 43 | ₹11,122 | ₹9,298 | ₹1,824 | ₹1,73,087 |
| 44 | ₹11,122 | ₹9,391 | ₹1,731 | ₹1,63,695 |
| 45 | ₹11,122 | ₹9,485 | ₹1,637 | ₹1,54,210 |
| 46 | ₹11,122 | ₹9,580 | ₹1,542 | ₹1,44,630 |
| 47 | ₹11,122 | ₹9,676 | ₹1,446 | ₹1,34,954 |
| 48 | ₹11,122 | ₹9,773 | ₹1,350 | ₹1,25,181 |
| 49 | ₹11,122 | ₹9,870 | ₹1,252 | ₹1,15,311 |
| 50 | ₹11,122 | ₹9,969 | ₹1,153 | ₹1,05,342 |
| 51 | ₹11,122 | ₹10,069 | ₹1,053 | ₹95,273 |
| 52 | ₹11,122 | ₹10,169 | ₹953 | ₹85,104 |
| 53 | ₹11,122 | ₹10,271 | ₹851 | ₹74,832 |
| 54 | ₹11,122 | ₹10,374 | ₹748 | ₹64,459 |
| 55 | ₹11,122 | ₹10,478 | ₹645 | ₹53,981 |
| 56 | ₹11,122 | ₹10,582 | ₹540 | ₹43,399 |
| 57 | ₹11,122 | ₹10,688 | ₹434 | ₹32,710 |
| 58 | ₹11,122 | ₹10,795 | ₹327 | ₹21,915 |
| 59 | ₹11,122 | ₹10,903 | ₹219 | ₹11,012 |
| 60 | ₹11,122 | ₹11,012 | ₹110 | ₹0 |
Educational estimate only. Methodology 2026.08. This is not a return promise, loan offer, tax filing or financial recommendation.
Results are estimates for learning and planning only. Tax rules, interest rates and scheme terms change from time to time, and your actual figures may differ. Please talk to a qualified financial advisor or chartered accountant before making any financial decision.
Personal Loan EMI Calculator: what it calculates.
Personal loans are usually unsecured and can carry higher rates than secured borrowing. This calculator estimates the monthly payment and total interest so offers can be compared on more than headline EMI.
The calculator uses a reducing-balance EMI formula for a fixed principal, rate and tenure.
How the calculation works.
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
- P is the disbursed loan principal.
- r is the monthly interest rate.
- n is the total number of payments.
Worked example. A ₹5 lakh personal loan at 12% for 5 years has an illustrative EMI of about ₹11,122 before fees.
What it helps with
- Makes repayment pressure visible.
- Compares rates and tenures.
- Separates principal from interest.
What it does not include
- Approval and pricing depend on lender assessment.
- Fees and insurance are excluded.
- A calculated EMI is not an offer.
Common questions.
What is a Personal Loan EMI Calculator?
It is an educational tool that applies the disclosed reducing-balance loan method to the assumptions you enter.
Are the results guaranteed?
No. Results are estimates, not forecasts, approvals, quotations or guarantees.
Why should I change the assumptions?
Testing conservative and optimistic inputs exposes uncertainty instead of hiding it behind one number.
Does it include tax and fees?
Only when a tax or fee is shown as an explicit input or result. Otherwise it is excluded.
How accurate is the calculator?
The mathematics follows the stated methodology, while real outcomes depend on rates, timing, rules, fees and circumstances.
Can I use this result as financial advice?
No. Use it for education and scenario comparison, then verify decisions with official documents or a qualified professional.
Why is inflation shown?
Inflation translates a future amount into approximate present-day purchasing power. The default 6% is editable and is not a forecast.
How often should I recalculate?
Recalculate when rates, income, contributions, rules, goals or repayment terms change.
Can the result differ from a bank or platform?
Yes. Institutions may use different compounding dates, rounding, charges and eligibility rules.
Is my data uploaded?
No. Calculations run locally in your browser and the input values are not sent to a calculation server.