Personal Loan EMI Calculator
Monthly EMI:
₹0
EMI Breakdown
Principal:
₹0
Total Interest:
₹0
Total Payment:
₹0
About Personal Loan EMI Calculator
A personal loan EMI calculator helps you determine the monthly installment amount for your personal loan based on the loan amount, interest rate, and tenure.
EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where P = Principal, R = Monthly rate, N = Number of months
Tips for Personal Loans
- Compare rates from multiple lenders
- Check your credit score before applying
- Choose appropriate tenure to balance EMI and interest
- Read all terms and conditions carefully
- Consider prepayment options