Personal Loan Calculator
Calculate EMI for personal loans with flexible tenure options
Loan Details
Enter your personal loan information
| Month | EMI | Principal | Interest | Balance |
|---|
Calculate Your EMI for Personal Loans Easily
Planning to take a personal loan? Before you apply, it’s smart to know how much you’ll actually pay each month. Our personal loan EMI calculator helps you estimate your monthly payments in seconds — no math, no confusion, just clarity.
With EMI Wale’s calculator, you can instantly check your EMI based on loan amount, interest rate, and repayment tenure. It’s fast, accurate, and works on all devices — from mobile to desktop.
How EMI Calculation Works
Every EMI (Equated Monthly Instalment) includes principal + interest components. Our calculator uses the standard amortization formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
P = Loan amount
R = Monthly interest rate (annual rate ÷ 12 ÷ 100)
N = Loan tenure in months
As soon as you enter or adjust values, your EMI updates instantly — helping you plan repayments before committing.
Why Use EMI Wale’s Personal Loan Calculator
Instant EMI results without login or sign-up
Detailed breakup of principal vs. interest
Compare short vs. long tenures easily
Helps you choose the most affordable repayment option
You can also explore our Personal Loan Eligibility Calculator to check how much loan you qualify for before applying.
Example: Personal Loan EMI Breakdown
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹5,00,000 | 11% p.a. | 3 years | ₹16,373 | ₹88,428 |
| ₹10,00,000 | 10.5% p.a. | 5 years | ₹21,493 | ₹2,89,580 |
(Values are approximate. Actual EMI may vary based on lender policies.)
Common Questions about Personal Loan EMIs
Q1. Can I reduce my EMI amount?
Yes, by extending the loan tenure or negotiating a lower interest rate. You can also make part prepayments to lower your balance.
Q2. Does this calculator include processing fees?
No, it only calculates your EMI based on interest and principal. Fees depend on your lender.
Q3. Can I use this tool for all banks?
Absolutely. It works universally — whether you’re calculating for HDFC Bank, SBI, Axis Bank, or ICICI Bank personal loans.
Smart Tips to Save on Personal Loan Interest
Maintain a high credit score (750+) for lower interest rates
Avoid late payments — they affect your eligibility
Compare offers from multiple banks using our Compare Loan Calculators
Opt for part-prepayment if your lender allows — it reduces total interest
You can also check our Car Loan EMI Calculator for more financial tools.
Plan Better, Borrow Smarter
A personal loan can empower your financial goals — from medical emergencies to weddings or travel. But knowing your repayment capacity is key. Use EMI Wale’s Personal Loan Repayment Calculator to get transparency before applying.
Final Thoughts
Understanding your EMI before borrowing helps you stay financially confident and debt-free.
Start with our Personal Loan EMI Calculator, explore related tools like:
and make every financial move smarter with EMI Wale — your trusted partner for simplified loan planning.