Personal Loan EMI Calculator

Calculate your personal loan EMI, compare prepayment scenarios, analyze invest vs prepay trade-offs, and build a step-up EMI plan.

Loan Amount

₹

₹10K₹1Cr

Rate of Interest (p.a)

1%30%

Loan Tenure

1 Year30 Years

Smart Tips

Increasing your EMI can help you save interest and close your loan earlier.
Your EMI-to-income ratio should ideally be below 40%.
Your interest burden depends on the rate and tenure chosen.
If your credit score improves, explore refinancing for a lower rate.

Monthly EMI

₹0

Total Interest

₹0

Principal Amount

₹0

Total Amount

₹0

EMI Breakdown

Quick Scenarios

Monthly Income

Enter income to check EMI ratio.

Rate change (%)

Adjust rate to see impact.

Amortization Schedule

Year	Principal	Interest	Total Payment	Balance

Step-up EMI Plan

Expected Yearly Salary Hike (%)

Yearly EMI Increase (%)

Starting EMI

₹0

New Closure Period

Interest Saved

₹0

Months Saved

EMI Growth

Year	EMI	Principal	Interest	Balance

Key Features

Calculate precise personal loan EMI instantly

Interactive principal-vs-interest doughnut chart

Full month-by-month and year-by-year amortization schedule

Prepayment simulator with EMI or tenure reduction

Invest vs prepay comparator with after-tax returns

Step-up EMI planner for salary-hike scenarios

Smart tips and downloadable amortization CSV

How to use the Personal Loan EMI Calculator

Follow these steps to calculate, compare, and optimize your personal loan repayment.

Enter loan details

Input the loan amount, annual interest rate, and tenure in years or months.

View EMI breakdown

Check the monthly EMI, total interest, total payment, and interactive chart.

Explore amortization

Open the amortization schedule to see principal, interest, and balance for each period.

Simulate prepayment

Switch to the Prepayment tab to calculate interest and time savings.

Compare strategies

Use Invest vs Prepay and Step-up EMI tabs to find the best financial plan.

Frequently Asked Questions

What is a personal loan EMI calculator?

A personal loan EMI calculator computes the equated monthly installment, total interest payable, and complete repayment schedule for a personal loan.

How is EMI calculated?

EMI = [P × r × (1+r)^n] ÷ [(1+r)^n – 1], where P is principal, r is the monthly interest rate, and n is the number of months.

Can I compare prepayment options?

Yes. Use the Prepayment tab to see interest savings and tenure reduction from a one-time or recurring prepayment.

What is invest vs prepay analysis?

It compares the interest you would save by prepaying the loan against the after-tax returns you could earn by investing the same amount.

Is this calculator free?

Yes, the calculator is completely free and runs entirely in your browser.

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