Personal Loan Calculator
Calculate your monthly loan payments and total cost with ease using our free Personal Loan Calculator. Whether it’s for a home renovation, medical emergency, or any personal need, get instant EMI and interest insights to plan your finances effectively.
Personal Loan Calculator
Frequently Asked Questions
Quick Tips for Using the Personal Loan Calculator
Our Personal Loan Calculator helps you plan your borrowings—here’s how to use it efficiently:
- Input Details: Enter your loan amount (e.g., ₹2,00,000), interest rate (e.g., 10% p.a.), and tenure (e.g., 3 years) to calculate your monthly EMI accurately.
- Adjust Tenure: Experiment with different loan tenures to find an EMI that fits your monthly budget—shorter tenures save interest but increase payments.
- Total Cost Check: Review the total repayment amount (principal + interest) to understand the full cost of your loan before committing.
For example, a ₹5,00,000 personal loan at 12% interest over 5 years results in an EMI of approximately ₹11,122, with a total repayment of ₹6,67,320. Try it now with your own loan details to see what works best for you!