Personal Loan EMI Calculator
Calculate your exact monthly payments before you apply. Adjust loan amount, interest rate, and tenure to find what fits your budget.
EMI Calculator
Calculate your monthly loan repayments instantly
$10,000
$500$50,000
12% APR
4%36%
24 months
3 months84 months
Monthly EMI
$471
Total Interest
$1,298
Total Payment
$11,298
Principal
Interest
* This is an estimate. Actual payments may vary based on lender terms.
How Is EMI Calculated?
The Equated Monthly Installment (EMI) formula calculates your fixed monthly repayment that covers both principal and interest:
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ – 1)
P
Principal
The total loan amount borrowed
r
Monthly Rate
Annual rate divided by 12 × 100
n
Tenure
Total number of monthly payments