Loan EMI Calculator-calculate monthly installment in Indian Rupees


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.

Loan Amount

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 “Calculate”. 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.

How much is the rate of interest for a personal loan in India?

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.

How much personal loan am I eligible for?

This depends on how much you earn, how much are your expenses, other loans you already are paying and your credit history

Why is credit history important for a personal loan?

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

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Abhi
Abhihttps://littlesaves.com
Abhi is a 29 yr old Indian, on FIRE to retire by 40. He has been investing and learning Finance for the past 12 years. After completing Mechanical engineering, he started working in a multi-national Bank and grew to become an AVP. Currently with an IT MNC as a VP. He lives in Bangalore with his wife and their 1 year old daughter. In his free time, Abhi loves to game on the Xbox, watch movies, read and blog.

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