Personal Loan EMI Calculator
Estimate personal loan EMI, interest and total repayment.
Loan Summary
Amortization Schedule
| Month | Payment | Principal | Interest | Prepayment | Balance |
|---|
How this loan calculator works
For a reducing-balance loan, monthly interest is the outstanding principal multiplied by the annual rate divided by 1,200. EMI is calculated using the standard amortizing-loan formula. The schedule rounds each monthly amount to paise and adjusts the final payment to clear the remaining balance.
Fees and vehicle financing
Processing fees are separate unless you choose to finance them. Vehicle down payment is deducted only when the calculation is based on vehicle price; it is not deducted from a direct loan amount.
Frequently asked questions
Is this the lender’s final EMI?
No. The result is an estimate; the lender’s agreement determines actual terms and fees.
Can I use a zero interest rate?
Yes. At zero interest, the principal is divided across the selected months, with a final rounding adjustment.