Financial Planning
EMI Calculator
Estimate repayments instantly. Adjust loan amount, interest rate, or tenure to compare repayment plans and keep your budget on track.
Estimated EMI
₹7,489
Tenure
2 years
Loan Amount
₹1,50,000
Total Interest
₹29,727
Total Payment
₹1,79,727
Interest Share
16.5%
Customize your plan
Adjust inputs to instantly compare repayment scenarios.
Adjust Inputs
Fine tune amount, rate, and tenure
Monthly EMI
₹7,489
Fixed payment every month
Total Interest
₹29,727
Overall finance charge
Total Payment
₹1,79,727
Principal + interest
Interest Share
16.5%
Interest vs total outflow
Amortization snapshot
First 6 of 2 yearsMonth
1
Principal
₹5,239
Interest
₹2,250
Balance
₹1,44,761
Month
2
Principal
₹5,317
Interest
₹2,171
Balance
₹1,39,444
Month
3
Principal
₹5,397
Interest
₹2,092
Balance
₹1,34,047
Month
4
Principal
₹5,478
Interest
₹2,011
Balance
₹1,28,569
Month
5
Principal
₹5,560
Interest
₹1,929
Balance
₹1,23,009
Month
6
Principal
₹5,643
Interest
₹1,845
Balance
₹1,17,366
1. What our customers say
Real experiences from users who compared EMIs before applying.
“I compared EMIs from four banks in minutes and saved nearly ₹12,000 over the year by choosing a lower rate.”
Anita S., Mumbai
Product Manager
“The mobile sliders help me simulate different tenures during travel. A loan advisor called within an hour and the funds were approved the same day.”
Rahul K., Bengaluru
Startup Founder
“The amortization snapshot is incredibly clear. Planning for prepayments is easier when I know how much interest I pay each month.”
Meera D., Delhi
Data Analyst
2. Find the best personal loan deals
A quick snapshot of leading banks/NBFCs to start your comparison.
HDFC Bank
From 10.75%
Loan range: ₹1L – ₹40L
Highlight: 100% digital application
Axis Bank
From 10.99%
Loan range: ₹50K – ₹25L
Highlight: Approvals within 24 hours
Bajaj Finance
From 11.25%
Loan range: ₹1L – ₹35L
Highlight: Zero hidden charges
3. What is a Personal Loan EMI Calculator?
It is a simple annuity calculator that helps you estimate EMI, total interest, and total repayment using the same formula as lenders across India. Our layout mirrors Paisabazaar’s mobile-first design so you can experiment with sliders anywhere.
- Works for unsecured personal loans, balance transfers, or top-up loans.
- Lets you tweak amount, ROI, and tenure together to see impact.
- No sign-up required—just share or screenshot the results.
4. How to Use the Personal Loan EMI Calculator
Follow these Paisabazaar-inspired steps.
Enter loan amount
Use the slider or type the exact amount you plan to borrow.
Adjust interest rate
Apply the ROI quoted by each lender and note the EMI change.
Set repayment tenure
Choose the number of months or years that keeps EMI comfortable.
Review EMI & schedule
Study the highlighted EMI, total interest, and the amortization snapshot.
5. Compare Personal Loan EMIs Across Top Banks/NBFCs
Example: ₹1 lakh over 5 years.
| Lender | ROI | Reference EMI | Processing Fee | Tenure |
|---|---|---|---|---|
| HDFC Bank | 10.75% | ₹2,174 per ₹1L (5 yrs) | 1% (max ₹10,000) | 12–60 months |
| Axis Bank | 10.99% | ₹2,187 per ₹1L (5 yrs) | 1.5% | 12–84 months |
| ICICI Bank | 11.25% | ₹2,203 per ₹1L (5 yrs) | Up to ₹7,999 | 12–72 months |
| Bajaj Finance | 11.49% | ₹2,216 per ₹1L (5 yrs) | 2% | 12–60 months |
6. What Impacts Your Personal Loan EMIs?
Key drivers that shape your EMI.
Interest Rate (ROI)
A 0.5% drop in ROI lowers EMI by roughly ₹30-40 per ₹1 lakh, so rate shopping is critical.
Loan Tenure
Longer tenures reduce EMI but raise total interest, while shorter tenures save interest but increase EMI.
Loan Amount
EMI scales with principal. Use the calculator to ensure the EMI fits your cash flow.
Credit Score
Higher bureau scores unlock lower rates and processing fees, shrinking EMI and total cost.
Fees and Insurance
Processing fee and credit-protect insurance increase the overall outflow and sometimes get amortized into EMI.
7. Ways to Reduce Your Personal Loan EMI or Total Cost
Use these strategies to pay less.
- Pick a shorter tenure whenever your income rises.
- Make periodic part-prepayments so more of your EMI goes to principal.
- Refinance when market rates fall to lock a lower ROI.
- Consolidate costlier debts into one lower-rate personal loan.
- Maintain an excellent credit score to negotiate better terms.
8. Can Your Personal Loan EMI Change During the Loan?
Floating-rate loans and flexible EMI plans may reset. Typical triggers include:
- Floating-rate loans move when RBI repo or lender benchmarks change.
- Flexible EMI plans linked to income reviews may reset annually.
- Restructuring the remaining tenure recalculates EMI.
- Special campaigns where lenders cut rates mid-cycle.
9. What Happens If You Miss a Personal Loan EMI?
Missing payments hurts both credit score and wallet:
- Late payments are reported to bureaus and lower your credit score.
- Lenders charge late fees and penal interest, raising the effective ROI.
- Repeated misses trigger collection calls and legal notices.
- Auto-debit failures may incur bank bounce charges.
10. What Affects Your Personal Loan EMI?
Beyond interest rate, review these structural factors.
Debt-to-Income Ratio
Banks typically cap EMI at 40%-50% of net monthly income.
Rate Type
Fixed rates lock EMI while floating rates respond to market changes.
Add-on Products
Credit insurance or bundled cards can slightly increase EMI.
Fee Structure
Some lenders amortize fees into EMI, so confirm the exact structure.
11. How to Use the Calculator to Compare Offers Across Lenders
Standardize the inputs and record the outputs.
- Enter a common loan amount (for example ₹5 lakh) and tenure across lenders.
- Adjust the rate slider for each lender and note the EMI difference.
- Add processing fee or insurance cost to compute the true APR.
- Save the results or screenshot them to review with family or advisors.
12. How to calculate EMI manually for a personal loan?
Use the following steps to double-check lender numbers.
- Convert annual ROI to a monthly rate: r = ROI / 12 / 100.
- Convert tenure to months: n = years * 12.
- Use EMI = P * r * (1 + r)^n / ((1 + r)^n - 1).
- Total repayment = EMI * n; Total interest = Total repayment - P.
13. Check Personal Loan Offers in Your City
Regional partnerships matter—here are quick highlights.
Mumbai
Same-day approvals from HDFC, Axis, and select NBFCs for salaried IT/finance professionals.
Delhi NCR
ICICI and Kotak allow up to 72-month tenure with fully digital document upload.
Bengaluru
Bajaj Finance and IDFC FIRST offer processing-fee waivers for employees of top tech firms.
Hyderabad
Large NBFCs bundle top-up personal loans with home loans for existing customers.
FAQ
Everything else you might want to know.
What does this EMI calculator cover?Toggle
It uses the standard Equated Monthly Instalment formula to estimate EMI, total interest paid, and total outflow for unsecured personal loans.
Do banks use the same formula?Toggle
Yes. Lenders across India follow the same annuity formula, so the result you see here will match the bank’s number aside from rounding.
Can I save or share the result?Toggle
Absolutely. Take a screenshot or copy the numbers to compare with family members, financial planners, or the bank executive.