Personal Loan EMI Calculator
Principal (Loan Amount)
₹0
Monthly EMI
₹0
Rounded up to next rupeeTotal Interest
₹0
Total Payment
₹0
Processing Charge
₹0
Total Cost (Incl. Processing)
₹0
View Amortization Schedule
| Month | EMI | Principal | Interest | Balance |
|---|
Personal Loan EMI Calculator – Calculate EMI, Total Interest & Total Cost Instantly
Taking a personal loan is easy. But calculating the correct EMI, interest and total repayment is always confusing. That is why I built this Personal Loan EMI Calculator for my readers. This tool shows you the actual EMI you have to pay every month, along with the total interest amount and even the extra processing fees charged by banks & NBFCs.
This EMI calculator works for all Indian banks. You can use it for any personal loan – SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak, Bajaj etc.
Key Features of This Personal Loan EMI Calculator
| Feature | Details |
|---|---|
| EMI rounds UP | EMI is automatically rounded to the next rupee for accurate real-life matching |
| Processing Charge option | You can add processing fees percentage or flat amount (optional) |
| Principal vs Interest chart | A circular donut chart visually highlights how much of your money is principal vs how much is interest |
| Amortisation Table | Full month–wise schedule showing EMI breakdown & remaining balance every month |
| Mobile Responsive | Fully responsive for Mobile + Desktop WordPress websites |
| Indian Number Format | All values shown in ₹ rupee format with Indian comma style |
| Instant calculator | No page reload, all results change instantly on screen |
How to Use this EMI Calculator
- Enter your Loan Amount (Example – 500000)
- Enter Interest Rate (Example – 12% per year)
- Enter Loan Tenure months / years
- Add processing charge if required (optional)
- Click Calculate EMI
Within 1 second, you will see:
- Exact Monthly EMI (rounded to next rupee)
- Total Interest payable
- Total Amount payable
- One-time processing charge
- Final Total Cost including processing fee
Plus, the bottom section shows a month-wise table. Here you can see how much principal and interest is paid in each month.
Why this calculator is better than others?
Normal online EMI calculators only show EMI.
They do not show:
- processing fee measurement
- EMI rounding logic
- principal vs interest chart
- detailed amortisation table
But this calculator gives everything in one page.
Who can use this calculator?
- normal salaried people
- business owners
- self employed individuals
- finance bloggers
- students learning finance
- loan agents
If you take loan from any bank or fintech app, this calculator will help you understand the real cost before applying.
Conclusion
Using this EMI calculator you can clearly understand how much you actually pay per month, how much interest you are giving to the bank and what is the final total cost of your loan. Always compare EMI + Interest + Processing charge before choosing any personal loan, because small changes in rate or tenure can change the cost massively.
Use the calculator above, change values and see what tenure gives you the lowest interest total.
FAQ – Personal Loan EMI Calculator
What is EMI in personal loan?
EMI means Equated Monthly Instalment. It is the fixed amount you pay every month to repay your loan. EMI includes both principal + interest.
Does this calculator round the EMI?
Yes. This calculator automatically rounds EMI to the next rupee. This matches actual bank EMI values.
Can I add processing fee in this calculator?
Yes. You can add processing charge in percentage (%) or as a flat ₹ amount. The calculator adds this cost separately so you can see the true total repayment.
Can I change the loan tenure in years instead of months?
Yes. You can select Months or Years from the drop-down in the calculator.
What is amortisation schedule?
Amortisation schedule shows month-wise EMI breakdown. It shows how much of EMI goes to principal and how much goes to interest every month until the loan ends.
Does this EMI calculator work on mobile?
Yes. This calculator is fully responsive for Mobile, Tablet & Desktop WordPress websites.
Which banks personal loan I can calculate?
You can calculate EMI for all banks like SBI, HDFC Bank, ICICI, Axis Bank, Kotak, Federal Bank, IDFC First and NBFCs like Bajaj, Tata Capital etc.
Does this calculator show interest percentage visually?
Yes. The calculator has a donut chart that highlights how much part of total repayment is principal and how much is interest.
Is EMI calculation same for every bank?
Banks may have different processing fees, but the EMI formula is the same. The calculator uses the standard EMI formula that every bank uses.
Can this calculator help me choose better loan?
Yes. Because you can change interest rate and tenure to find the lowest interest cost. Use it to compare multiple bank offers.
Is personal loan EMI based on reducing balance?
Yes. In India, personal loan EMI is calculated on a reducing balance method. Every month your principal reduces, so interest part also reduces.
Is it better to take short tenure or long tenure in personal loan?
Short tenure gives higher EMI but lowest interest cost. Long tenure gives small EMI but highest interest cost. For saving money, short tenure is better.
How bank calculates personal loan EMI?
Banks use the standard EMI formula:
EMI = P × R × (1+R)^N / ((1+R)^N – 1)
Our calculator uses the same formula.
Will changing interest by 1% make big difference?
Yes. Even 1% higher interest can increase total interest by thousands of rupees, especially in higher loan amounts.