Personal loan EMI calculator
Move the sliders to see your monthly payment, or start from the EMI you can afford.
What will my EMI be?
months
%
- Monthly EMI
- ₹10,254
- Total interest
- ₹69,144
- Total you repay
- ₹3,69,144
An estimate. Your lender decides the final rate and EMI.
How much can I borrow?
months
%
You could borrow about
₹2,92,000
Rounded down to the nearest ₹1,000. Lenders also look at your salary, existing EMIs and credit history.
How EMI is worked out
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of months. Early EMIs are mostly interest; later ones are mostly principal.
Ways to lower your EMI
- Choose a longer tenure, though you will pay more interest overall
- Borrow only what you need
- Improve your credit score before applying for a better rate
- Compare offers by total cost, including the processing fee
See your offers in a few minutes
Free, no paperwork to start, and you choose whether to apply.