ABC Home
Loans
Investments
Insurance
Payments
Cards
Download ABCD

Scan to Download the App

Playstore
Appstore
1800-270-7000

Personal Finance

ABC Solutions

Calculate Personal Loan EMI

To calculate your monthly EMI, please enter the following information:

Loan Amount

50K 50L

Loan Tenure

Years
1 7

Interest Rate

%
9% 30%
Note: The first step towards availing a Personal Loan is not the application but the calculation of the specifics. This implies your EMI – Equated Monthly Installments. Ideally, your EMI must not exceed 50% of your monthly income to safeguard your finances from being strained.

0/Month

Principal Amount

Interest Amount

Total Payable Amount

Apply Now

Paperless process and online loan disbursal in just one day.

Note: The first step towards availing a Personal Loan is not the application but the calculation of the specifics. This implies your EMI – Equated Monthly Installments. Ideally, your EMI must not exceed 50% of your monthly income to safeguard your finances from being strained.

Emi Calculator FAQ’s

EMI means Equated Monthly Installment. It's an amount the borrower pays to a lender at a specified monthly date for loan repayment. EMIs are composed of both principal repayment and interest payment components. The borrower pays the same EMI amount throughout the loan tenure. However, the proportion of principal and interest within the EMI changes over time as the loan is gradually paid off.

EMI Calculator: Personal loan EMI is calculated using the following formula.


EMI = P × r × (1 + r)n


(1 + r)n - 1


Where:


· P = Principal amount(loan)

· r = Monthly rate of interest (yearly interest rate divided by 12 and in decimal)

· n = number of months | loan tenure

A Personal Loan EMI Calculator is a tool that helps borrowers estimate their monthly loan repayment amount by entering details like loan amount, interest rate, and tenure. It assists in planning finances and making informed borrowing decisions.

The personal loan EMI calculator online is the same for all lenders.


The rate of interest can differ depending on the financial institutions.

Factors affecting personal loan EMI are:


  • Loan Amount
  • Interest Rate
  • Loan Tenure
  • Type of Interest
  • Frequency of Payments
  • Prepayment or Foreclosure
  • Processing Fees
  • Credit Score