Break-up of Total Payment
EMI Payment Schedule
| Year | Principal (A) | Interest (B) | Total Payment (A + B) | Balance | Loan Paid To Date |
|---|
What is Personal Loan EMI?
An Equated Monthly Installment (EMI) is the fixed amount you pay every month to repay a loan taken from a bank or financial institution.
The EMI includes both:
- Principal Amount – the original loan amount borrowed
- Interest Amount – the cost charged by the lender on the loan
Your EMI remains the same throughout the loan tenure, making it easier to plan your monthly finances.
In the initial months, a larger portion of the EMI goes toward paying the interest.
As the loan progresses, more of the EMI is used to repay the principal amount.
EMI Formula
=
P × r × (1 + r)n
(1 + r)n − 1
Where:
- E = EMI Amount
- P = Principal Loan Amount
- r = Monthly Interest Rate
- (Annual Interest Rate ÷ 12 ÷ 100)
- n = Loan Tenure in Months
Example Personal Loan EMI Calculation
Suppose you take a Personal Loan of ₹10,00,000 at an annual interest rate of 10.5% for 10 years (120 months).
Your monthly EMI would be approximately:
₹13,493 per month
- Total Amount Payable: ₹16,19,220
- Total Interest Payable: ₹6,19,220
Why Use an Personal Loan EMI Calculator?
Calculating EMI manually can be difficult and time-consuming. Our EMI Calculator helps you instantly calculate:
- Monthly EMI Amount
- Total Interest Payable
- Total Payment Amount
- Loan Repayment Schedule
- Principal vs Interest Breakdown
With easy-to-understand charts and detailed payment schedules, you can plan your finances smarter and choose the best loan option with confidence.