Personal Loan EMI Calculator
Check the EMI and total cost of a personal loan before you apply.
Result
How to use
- 1
Move the sliders or type the loan amount, interest rate and tenure.
- 2
Your EMI, total interest and total payment update instantly.
- 3
Scroll down for the year-by-year repayment schedule.
Questions
How is EMI calculated?
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate and n is the number of monthly instalments.
Does a longer tenure save money?
A longer tenure lowers the EMI but increases the total interest you pay. Choose the shortest tenure whose EMI you can comfortably afford.
About this Personal Loan tool
Personal Loan EMI Calculator — Check the EMI and total cost of a personal loan before you apply. It is one of 200 free tools on namasivayam.in, made by software engineer Namasivayam Vadivelan for everyday use in India.
Everything is calculated instantly in your browser: nothing you type or upload is sent to any server, there is no sign-up, and it works on mobile and desktop. Move the sliders or type the loan amount, interest rate and tenure.
Related reading
Articles that go with this tool
Rooftop Solar for Indian Homes: A Simple Guide to PM Surya Ghar Muft Bijli Yojana
Can solar panels on your roof cut your electricity bill to near zero? How rooftop solar works, the PM Surya Ghar subsidy of up to ₹78,000, and what to check before you install.
Credit Score and CIBIL Explained: How to Build and Improve Yours
Your credit score decides whether you get a loan and at what interest rate. Learn what affects it, how often it updates now, how to fix errors, and simple habits to push it above 750.
CTC vs In-Hand Salary: Why Your Offer Letter Number Isn’t What Reaches Your Bank
A ₹15 lakh CTC doesn’t mean ₹1.25 lakh a month in your account. A simple breakdown of CTC, gross and in-hand salary — PF, tax, gratuity and more — so you can compare job offers properly.
Related tools
More money tools you may like
Results are estimates to help you plan. They are not financial, tax or medical advice.