Personal Loan EMI Calculator
💰 Personal Loan EMI Calculator
Calculate your monthly loan payments instantly
Loan Details
₹50K
₹50L
6%
24%
1 Year
30 Years
EMI Breakdown
Monthly EMI
₹11,122
Principal Amount
₹5,00,000
Total Interest
₹1,67,347
Total Amount Payable
₹6,67,347
Payment Summary
Loan Amount:
₹5,00,000
Interest Rate:
12% per annum
Loan Tenure:
5 years
Total EMIs:
60
💡 EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Principal loan amount
R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
N = Number of monthly installments