homeCalculatorsPersonal Loan EMI Calculator


Personal Loan EMI calculator is a valuable online automatic tool to ascertain how much will be your EMI outgo.
TENURE (Years)
Monthly EMI18,871.23
Prinicipal Amount10,00,000
Total Interest1,32,274.02
  • Principal Amount10,00,000
  • Interest Amount 1,32,274.02
Total Value 11,32,274.02

NDTV Profit Personal Loan EMI Calculator

For every type of loan a customer borrows from the bank, they’re liable to pay a certain amount every month as an EMI. It is nothing but the Equated Monthly Installment that one needs to pay till their loan from a bank or financial institution is paid off.

Personal Loan is one of the most commonly taken loans as it does not require any collateral. Moreover, the bank won’t even be concerned about the end use of the loan. However, interest rates are pretty high on personal loans, in comparison to other loans. Hence, it is imperative for a borrower to figure out the amount of interest and EMI payable, well in advance.

NDTV Profit’s Personal Loan EMI Calculator is designed to accurately calculate the EMI payable by considering three important factors in any loan:

1. Principal amount or Loan amount.

2. Rate of interest per annum.

3. Loan repayment tenure.

How To Find Out EMI With NDTV Profit’s Personal Loan EMI Calculator?

NDTV Profit’s Personal Loan EMI calculator India is an easy way to find out your EMI before you apply for a loan. Here’s how you can find out your EMI payable using the Personal Loan EMI Calculator online:

1. Scroll to the top of this page.

2. Enter/adjust your loan amount.

3. Enter/adjust your rate of Interest per annum.

4. Enter/adjust the tenure in which you plan to completely repay your loan.

You will be shown your principle amount, total interest and total amount payable according to the above-mentioned factors. You can check and figure out an EMI that suits your interest by changing your tenure. As your tenure increases, the EMI goes down. However, at the same time, the total amount of interest you pay goes up. So decide carefully.

What Is The Personal Loan EMI Calculator Formula?

The formula to calculate the EMI on a personal loan is quite complicated. Hence, it’s always advised to use a Personal Loan Calculator for EMI. However, if you want to do it manually, here’s the Personal Loan EMI Calculator formula:

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

Here, EMI refers to the Equated Monthly Payment, P stands for the Principal amount, R represents the Rate of interest, and N stands for the Number of years needed for repayment, that is the Tenure.

For example: If a person borrows ₹20,00,000 from the bank at an interest rate of 7.2% per annum, with a repayment tenure of 5 years, the monthly EMI would be ₹39,791.

Why Use The NDTV Profit Personal Loan EMI Calculator?

As you can see in the aforementioned text, the formula to calculate EMI on a Personal Loan is quite a complex one. It can take up quite some time if you go to calculate manually. Thus, it’s always better to use a Personal Loan EMI Calculator to reduce that burden and save some time.

Moreover, this EMI Calculator not only tells you an average EMI but also gives you a breakdown of the EMIs payable throughout your loan tenure. So, it’s always better to use NDTV Profit’s Personal Loan EMI Calculator online to get an accurate result.