EMI Calculator For
Products & Services
| Payment Number | Due Date | Principal | EMI | Interest | Principal Payment | Balance |
|---|---|---|---|---|---|---|
| 1 | 07 Jan,2025 | 767000 | 51724 | 16299 | 35426 | 731574 |
| 2 | 07 Feb,2025 | 731574 | 51724 | 15546 | 36179 | 695396 |
| 3 | 07 Mar,2025 | 695396 | 51724 | 14777 | 36947 | 658448 |
| 4 | 07 Apr,2025 | 658448 | 51724 | 13992 | 37732 | 620716 |
| 5 | 07 May,2025 | 620716 | 51724 | 13190 | 38534 | 582182 |
| 6 | 09 Jun,2025 | 582182 | 51724 | 12371 | 39353 | 542828 |
| 7 | 07 Jul,2025 | 542828 | 51724 | 11535 | 40189 | 502639 |
| 8 | 07 Aug,2025 | 502639 | 51724 | 10681 | 41043 | 461596 |
| 9 | 08 Sep,2025 | 461596 | 51724 | 9809 | 41916 | 419680 |
| 10 | 07 Oct,2025 | 419680 | 51724 | 8918 | 42806 | 376874 |
| 11 | 07 Nov,2025 | 376874 | 51724 | 8009 | 43716 | 333158 |
| 12 | 08 Dec,2025 | 333158 | 51724 | 7080 | 44645 | 288513 |
| 13 | 07 Jan,2026 | 288513 | 51724 | 6131 | 45594 | 242919 |
| 14 | 09 Feb,2026 | 242919 | 51724 | 5162 | 46562 | 196357 |
| 15 | 09 Mar,2026 | 196357 | 51724 | 4173 | 47552 | 148805 |
| 16 | 07 Apr,2026 | 148805 | 51724 | 3162 | 48562 | 100243 |
| 17 | 07 May,2026 | 100243 | 51724 | 2130 | 49594 | 50648 |
| 18 | 08 Jun,2026 | 50648 | 51724 | 1076 | 50648 | 0 |
Home > Personal Loan EMI Calculator
Personal Loan EMI Calculator
You can now meet all home renovation and repair needs with our customised Personal loan offering. You can spread out the loan over a longer tenure and repay in fixed monthly installments towards the principal outstanding amount.
Do you need money for a dream vacation, a sudden car repair, or even to consolidate debt? A personal loan can be a great solution, but amongst all of this, it’s easy to forget one important question: "Can I afford the monthly payments?"
This is where our Personal Loan EMI Calculator comes in! It's your one-stop solution to take the guesswork out of personal loan repayments.
All you need to do is enter your personal loan amount, interest rate, and tenure to see exactly what your EMI will be. This will give you a clear picture of how the loan will fit into your budget.
Benefits of LoanTap Personal Loan EMI Calculator
A personal loan EMI calculator offers several benefits that can make the loan application process smoother.
Enables Better Budgeting
Saves Time and Effort
Improves Accuracy
Customizable Parameters
Visual Representation
EMI Schedule
How to Calculate EMI for Personal Loan
With the LoanTap Personal Loan EMI Calculator, you only need to enter three essential details: the loan amount, interest rate, and loan tenure. This tool allows you to adjust these three parameters, changing the EMI amounts. For instance, increasing the tenure can lower the EMI amounts and vice versa.
Formula to Calculate Personal Loan EMI
The formula for calculating personal loan EMI is:
Here,
P – loan amount or principal
r – rate of interest per month
n – number of installments or tenure of the loan in months
Here is an example to help you understand how exactly an EMI is calculated:
Let the loan amount be ₹5,00,000, the rate of interest be 14%, and the tenure be 3 years (or 36 months). Adding this to the formula, we get:
P= 5,00,000, r= 14/(12X100)= 0.0116, and n= 36
As per this formula, your monthly EMI will be ₹17,089.
Basic Eligibility Criteria for availing availing Personal Loans with LoanTap
- Individuals with a minimum monthly income of INR 30,000
- Indian citizens/residents who are 21 years and above
Basic Eligibility Criteria for availing availing Personal Loans with LoanTap
- Individuals with a minimum monthly income of INR 30,000
- Indian citizens/residents who are 21 years and above
- General
Frequently Asked Questions
Can I create rounded corner FAQs questions for the WordPress website?
Yes, Use Advanced AccorThis loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. This loan offers multiple repayment options viz., EMI Free, Step Up, and Term Repayment Plan.dion provided by The Plus Addons and Elementor page builder to create fancy-styled FAQs.
Can I create rounded corner FAQs questions for the WordPress website?
Yes, Use Advanced AccorThis loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. This loan offers multiple repayment options viz., EMI Free, Step Up, and Term Repayment Plan.dion provided by The Plus Addons and Elementor page builder to create fancy-styled FAQs.
Can I create rounded corner FAQs questions for the WordPress website?
Yes, Use Advanced AccorThis loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. This loan offers multiple repayment options viz., EMI Free, Step Up, and Term Repayment Plan.dion provided by The Plus Addons and Elementor page builder to create fancy-styled FAQs.
Can I create rounded corner FAQs questions for the WordPress website?
Yes, Use Advanced AccorThis loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. This loan offers multiple repayment options viz., EMI Free, Step Up, and Term Repayment Plan.dion provided by The Plus Addons and Elementor page builder to create fancy-styled FAQs.
Can I create rounded corner FAQs questions for the WordPress website?
Yes, Use Advanced AccorThis loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. This loan offers multiple repayment options viz., EMI Free, Step Up, and Term Repayment Plan.dion provided by The Plus Addons and Elementor page builder to create fancy-styled FAQs.