Personal Loan EMI Calculator (India)
Last updated: May 2026
Reviewed by Mahendra Patel · Methodology · Affiliate disclosure
Use this guide to estimate monthly EMI for a personal loan. For a loan of ₹5,00,000 at 14% p.a. for 36 months, indicative EMI is about ₹17,100/month (total interest ~₹1.16 lakh). Always confirm with your lender.
Sample EMI table
| Loan amount | Rate | Tenure | Indicative EMI |
|---|---|---|---|
| ₹3,00,000 | 14% | 24 mo | ~₹14,450 |
| ₹5,00,000 | 14% | 36 mo | ~₹17,100 |
| ₹10,00,000 | 12% | 48 mo | ~₹26,300 |
EMI formula
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P = principal, r = monthly rate (annual ÷ 12 ÷ 100), n = tenure in months.
Interactive calculator: JavaScript widget ships in the next update. Instant loan apps guide · Disclaimer — estimates only, not a loan offer.
FAQ
How is personal loan EMI calculated? EMI uses the reducing-balance formula above on principal, annual interest rate, and tenure in months. Lenders may add processing fees separately — not included in basic EMI.
Does EMI include GST or processing fees? Usually no. Processing fee, insurance, and GST are charged upfront or added per the lender’s KFS — always read the Key Fact Statement.
Sources
- Reserve Bank of India — fair practices and lending disclosures
- Your lender’s sanction letter and KFS for exact EMI and charges
Risk warning: Borrowing has cost and legal obligation. Rates and approval are at the lender’s discretion. Not financial advice. Report an error.