Can I determine the EMIs for various loan amounts using the personal loan EMI calculator?

Yes, you can use the personal loan EMI checker to calculate EMIs for different loan amounts. Here’s how you can use Tata Capital’s EMI calculator to determine these.Use the first slider in the EMI calculator to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.Next, use the second slider to specify the interest rateLastly, use the third slider to specify the loan tenure in months or yearsOnce these amounts are specified, the EMI calculator will display the monthly EMI, total amount payable, and total interest payable. You can repeat this process to determine the EMIs for various loan amounts.

Is there a limit to the number of times I can use the EMI calculator?

There is no limit to the number of times you can use the Tata Capital EMI calculator. This calculator is available online for free. Here are the benefits of using the EMI calculator.Ascertain your EMI in advanceManage your financial budget better by knowing how much EMI you must payFind the loan tenure that suits you by calculating a comfortable EMI amountSave time and get an accurate calculation

Can the EMI calculator help me understand the total interest payable over the loan tenure?

Yes, the EMI calculator will give you a clear picture of the total interest payable over the loan tenure.All you have to do is follow the steps below.Use the first slider in the personal loan EMI checker to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.Next, use the second slider to specify the interest rateLastly, use the third slider to specify the loan tenure in months or yearsOnce these amounts are fed into the calculator, the EMI calculator will display the total interest payable, the monthly EMI, and the total amount payable.

Can I compare the EMIs offered by several lenders using the personal loan EMI calculator?

While Tata Capital’s EMI calculator cannot explicitly compare EMIs offered by several lenders, it can help you. It can calculate EMIs offered for different loan amounts at different interest rates and tenures.All you have to do is follow the steps below.Use the first slider in the personal loan EMI calculator to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.Next, use the second slider to specify the interest rateLastly, use the third slider to specify the loan tenure in months or yearsBased on the above information, the calculator will display the monthly EMIs, total amount payable, and total interest payable. You can repeat this process with different amounts for each slider and get an accurate understanding of your financial obligations under different loan conditions.

Are the results generated by the EMI calculator inclusive of taxes and other charges?

No, the results generated by the EMI calculator are not inclusive of taxes and other charges. This calculator takes into account your loan amount, interest rate and tenure to calculate your EMI payment, exclusive of taxes and other charges.

Does the personal loan EMI calculator apply to loans with variable or floating interest rates?

No, the personal loan EMI calculator cannot calculate loans with variable or floating interest. Tata Capital’s EMI calculator calculates your EMI for fixed interest rates.

Can I calculate EMIs for a joint personal loan using the EMI calculator?

Yes, you can use Tata Capital’s EMI calculator for a joint personal loan as well. All you need to do is follow the steps below.Use the first slider in the personal loan EMI checker to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.Next, use the second slider to specify the interest rateLastly, use the third slider to specify the loan tenure in months or yearsOnce these amounts are specified, the EMI calculator will display the monthly EMI, total amount payable, and total interest payable.

How does personal loan EMI calculator work?

Select your desired loan amountSelect the loan durationThis will compute estimated EMI basis the ROI and the details you have entered

How to reduce Personal Loan EMIs?

To reduce personal loan EMIs, opt for a longer tenure, make partial prepayments, use balance transfers, or consolidate loans. Improving your credit score and taking advantage of lender promotions can also help lower EMIs.

Personal Loan EMI Calculator: Calculate Personal Loan EMI Online

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Personal Loan
EMI Calculator

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Overview Required Documents Application Process Rates & Charges

Calculators

EMI Options

Calculate Your Personal Loan EMI

Loan amount

₹

40,000%3,500,000%00100,000%

₹40,000₹35,00,000

Loan duration

1%6%002%

1 Year6 Years

Rate of interest

11.99%35%0011.99%

11.99% p.a35% p.a

Monthly EMI

₹4,707*

Total Amount Payable

₹1,12,965*
Total Interest Payable

₹12,965*

Total Amount Payable

₹1,12,965*

Total Interest Payable

₹12,965*

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Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

What is Personal Loan EMI Calculator?

Do you want to take a personal loan but don't know how the EMI will fit into your monthly budget? What if we tell you that you can easily arrive at an estimated value in seconds? That's right. If you're wondering how to calculate EMI for a personal loan, you need to use our online calculator. A Personal Loan EMI calculator is a simple, easy-to-use tool that helps you determine your potential monthly EMIs for a personal loan.

All you need to do is enter the Loan Amount, Rate of Interest, and the desired Loan Tenure. That's it. The PL calculator will instantly calculate the EMI Amount and the Interest Payable.

How to calculate EMI for personal loan?

The personal loan EMI calculator works by inserting the values in the above formula. The value of your personal loan EMI varies based on three key variables–the loan amount, loan tenure, and the interest rate.

The formula for calculating personal loan EMI is:

[P x R x (1+R) ^N] / [(1+R) ^N-1]

Where

P = Principal

R = Rate of Interest

N = Tenure (Number of years)

How to Use an online EMI calculator for personal loan?

Looking for how to calculate EMI for personal loan? A personal loan EMI calculator is just what you need. It has the following three important components –

Loan Amount or Principal: It is the total amount that you borrow as a loan and are required to pay back at the end of the term along with the interest.
Rate of Interest: Expressed as a percentage, the rate of interest is the rate at which interest will be charged on the principal loan amount for the loan duration.
Loan Tenure or Loan Duration: Expressed either in years or months, tenure is the period within which you are liable to pay back the total Personal Loan amount with interest.

Set Loan Amount

Using the first slider in the PL EMI Calculator, set the desired Loan Amount. You can even use the ‘+’ and ‘-‘ symbols to increase or decrease the amount or enter the amount manually in the box.

Set Rate of Interest

Use the second slider in the personal loan instalment calculator to set the Rate of Interest. You can use the ‘+’ and ‘-‘ symbols to increase or decrease the interest rate or manually enter it in the given box

Setup Loan Duration

You can even use the ‘+’ or ‘-‘ symbols to increase or decrease the loan duration or you can manually enter the same in the box while using the Personal Loan EMI calculator online.

Display Result

The Personal Loan rate of interest calculator will automatically show you the EMI amount that you need to pay every month.

Benefits of using personal loan EMI calculator

Accurate Financial Planning

It allows you to plan your finances better by providing an accurate estimate of your monthly EMI. This helps in budgeting and ensures you can comfortably manage your monthly expenses.

Loan Tenure Adjustment

By adjusting the loan tenure in the calculator, you can see how it impacts your EMI and total interest payable. This helps in finding the optimal tenure that balances your EMI affordability and interest savings.

Interest Rate Analysis

The calculator allows you to understand how changes in interest rates affect your EMI.

Informed Decision-Making

With a clear understanding of your EMI and the total cost of the loan, you can make informed decisions about borrowing, ensuring it aligns with your financial goals and capabilities.

FAQs on Personal Loan EMI calculator

A personal loan EMI calculator will give you an accurate answer within seconds. All you need to do is adjust the slider to specify the loan amount you wish to borrow, the rate of interest, and loan tenure on the Tata Capital EMI calculator.

Our EMI calculator will then automatically calculate your monthly EMIs, total amount payable, and total interest payable. Using this calculator, you can plan your repayment schedule with ease.

Yes, you can use the personal loan EMI checker to calculate EMIs for different loan amounts. Here’s how you can use Tata Capital’s EMI calculator to determine these.

Use the first slider in the EMI calculator to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years

Once these amounts are specified, the EMI calculator will display the monthly EMI, total amount payable, and total interest payable. You can repeat this process to determine the EMIs for various loan amounts.

There is no limit to the number of times you can use the Tata Capital EMI calculator. This calculator is available online for free. Here are the benefits of using the EMI calculator.

Ascertain your EMI in advance
Manage your financial budget better by knowing how much EMI you must pay
Find the loan tenure that suits you by calculating a comfortable EMI amount
Save time and get an accurate calculation

Yes, the EMI calculator will give you a clear picture of the total interest payable over the loan tenure.

All you have to do is follow the steps below.

Use the first slider in the personal loan EMI checker to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years

Once these amounts are fed into the calculator, the EMI calculator will display the total interest payable, the monthly EMI, and the total amount payable.

While Tata Capital’s EMI calculator cannot explicitly compare EMIs offered by several lenders, it can help you. It can calculate EMIs offered for different loan amounts at different interest rates and tenures.

All you have to do is follow the steps below.

Use the first slider in the personal loan EMI calculator to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years

Based on the above information, the calculator will display the monthly EMIs, total amount payable, and total interest payable. You can repeat this process with different amounts for each slider and get an accurate understanding of your financial obligations under different loan conditions.

No, the personal loan EMI checker will not be able to provide you with any tips or suggestions for managing your personal loan EMI effectively.

However, it will help you get a clear understanding of your monthly EMIs. Here are the benefits of using Tata Capital’s EMI calculator.

Ascertain your EMI in advance
Manage your financial budget better by knowing how much EMI you must pay
Find the loan tenure that suits you by calculating a comfortable EMI amount
Save time and get an accurate calculation

No, you cannot calculate prepayment or part-payment using our personal loan EMI calculator. However, we offer a separate calculator to help you evaluate your pre and part payment- our prepayment EMI calculator.

All you need to do is enter the loan amount, loan duration, rate of interest, part-payment amount and payment months. Based on this, the calculator will display the revised EMI (fixed tenure), revised tenure (fixed EMI), total payment and remaining principal.

No, processing fees and other costs aren’t considered by personal loan EMI calculators. Tata Capital’s EMI calculator takes the loan amount, interest rate and tenure in to account to calculate your monthly EMI. Processing fees and other charges must be calculated separately.

Yes, you can use Tata Capital’s EMI calculator for a joint personal loan as well. All you need to do is follow the steps below.

Use the first slider in the personal loan EMI checker to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years

Once these amounts are specified, the EMI calculator will display the monthly EMI, total amount payable, and total interest payable.

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Personal Loan | 19 Jan, 2025

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Personal Loan | 16 Jan, 2025

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Personal Loan | 09 Jan, 2025

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Personal Loan | 08 Jan, 2025

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Calculate Your Personal Loan EMI

Loan amount

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Loan duration

Rate of interest

What is Personal Loan EMI Calculator?

How to calculate EMI for personal loan?

How to Use an online EMI calculator for personal loan?

Set Loan Amount

Set Rate of Interest

Setup Loan Duration

Display Result

Benefits of using personal loan EMI calculator

Accurate Financial Planning

Loan Tenure Adjustment

Interest Rate Analysis

Informed Decision-Making

FAQs on Personal Loan EMI calculator

More Personal Loan products for you

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