Personal and other Loan EMI Calculator
Use this simple calculator to calculate how much EMI and Interest you will need to pay in Indian Rupees (INR) for any personal loans or other loans such as marriage loan, loan for gadgets, Education loan etc that you have taken or planning to take.
This is the total loan amount you are planning to take.
Number of months
This is how long you plan to take the loan in months. Eg: 60 months = 5 years.
Annual Interest rate
This is the interest rate you are going to be paying for the loan
How to use the Personal Loan EMI calculator
Once you have entered all the above fields, click on the blue button “Calc”. This will calculate your personal or other loan details in Indian Rupees (INR). Once this is calculated, you will be able to see the total Payment amount, this is the monthly EMI you need to pay back for the loan you have taken.
You will also be able to see the total interest for this loan. The last field is the overall money you need to payback (Principal + Interest).
Other features in the loan EMI calculator
- Payment Schedule: This will show the monthly EMI breakup along with how much of the EMI goes towards Principal and how much of it is for the interest throughout the loan tenure.
- Print: This feature allows you to take a print of the details for easier reference
- Charts: This gives you a visual representation of your loan, how much interest and principal needs to be paid and other interesting details
Personal loan interest rates can be anywhere between 8.5% pa to 14% pa. Reputed banks such as SBI offer 9-11%pa. Where as third party lenders offer between 12% to 14% per annum.
This depends on how much you earn, how much are your expenses, other loans you already are paying and your credit history
Credit history from agencies such as CIBIL show how much you have as outstanding debt, your repayment history and tell the lender how likely you are to pay back the loan you are taking