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Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Loan amount
₹75,000 ₹35,00,000
Loan duration
1 Years 6 Years
Loan duration
12 Months 72 Months
Rate of interest
%
10% p.a 19% p.a

Monthly EMI

  • Total Amount Payable

    0*

  • Total Interest Payable

    0*

Total Amount Payable

Total Interest Payable

Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

What is Personal Loan EMI Calculator?

Do you want to take a personal loan but don't know how the EMI will fit into your monthly budget? What if we tell you that you can easily arrive at an estimated value in seconds? That's right. If you're wondering how to calculate EMI for a personal loan, you need to use our online calculator. A Personal Loan EMI calculator is a simple, easy-to-use tool that helps you determine your potential monthly EMIs for a personal loan.

All you need to do is enter the Loan Amount, Rate of Interest, and the desired Loan Tenure. That's it. The PL calculator will instantly calculate the EMI Amount and the Interest Payable.  

How to calculate EMI for personal loan?

The personal loan EMI calculator works by inserting the values in the above formula. The value of your personal loan EMI varies based on three key variables–the loan amount, loan tenure, and the interest rate.

The formula for calculating personal loan EMI is:

[P x R x (1+R) ^N] / [(1+R) ^N-1]

Where

P = Principal

R = Rate of Interest

N = Tenure (Number of years)

How to Use an online EMI calculator for personal loan?

Looking for how to calculate EMI for personal loan? A personal loan EMI calculator is just what you need. It has the following three important components –

  • Loan Amount or Principal: It is the total amount that you borrow as a loan and are required to pay back at the end of the term along with the interest.
  • Rate of Interest: Expressed as a percentage, the rate of interest is the rate at which interest will be charged on the principal loan amount for the loan duration.
  • Loan Tenure or Loan Duration: Expressed either in years or months, tenure is the period within which you are liable to pay back the total Personal Loan amount with interest.

1

Set Loan Amount

Using the first slider in the PL EMI Calculator, set the desired Loan Amount. You can even use the ‘+’ and ‘-‘ symbols to increase or decrease the amount or enter the amount manually in the box.

2

Set Rate of Interest

Use the second slider in the personal loan instalment calculator to set the Rate of Interest. You can use the ‘+’ and ‘-‘ symbols to increase or decrease the interest rate or manually enter it in the given box

3

Setup Loan Duration

You can even use the ‘+’ or ‘-‘ symbols to increase or decrease the loan duration or you can manually enter the same in the box while using the Personal Loan EMI calculator online.

4

Display Result

The Personal Loan rate of interest calculator will automatically show you the EMI amount that you need to pay every month.

Benefits of using personal loan EMI calculator

Accurate Financial Planning

 It allows you to plan your finances better by providing an accurate estimate of your monthly EMI. This helps in budgeting and ensures you can comfortably manage your monthly expenses.

Loan Tenure Adjustment

By adjusting the loan tenure in the calculator, you can see how it impacts your EMI and total interest payable. This helps in finding the optimal tenure that balances your EMI affordability and interest savings.

Interest Rate Analysis

The calculator allows you to understand how changes in interest rates affect your EMI.

Informed Decision-Making

With a clear understanding of your EMI and the total cost of the loan, you can make informed decisions about borrowing, ensuring it aligns with your financial goals and capabilities.

More Personal Loan products for you

Personal Loan for government employees
Personal Loan for government employees

Personal Loan for government employees

If you are a government employees looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

Personal Loan for salaried employees
Personal Loan for salaried employees

Personal Loan for salaried employees

If you are a salaried employees looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

Personal Loan for women
Personal Loan for women

Personal Loan for women

If you are a women looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

What our customers say about us

Everything was smooth and accurate. I appreciate your help and support.

KALPESH NARESH PARMAR

Personal Loan | 14 Nov, 2024

Tata Capital is always very good and provides very nice service.

Girvar Adlakha

Personal Loan | 10 Nov, 2024

Best service and customer support.

RINARANI SETHY

Personal Loan | 10 Nov, 2024

Best service, very good experience.

ISHWAR CHAND GOSWAMI

Personal Loan | 09 Nov, 2024

Best service, no need for any suggestions. Thank you so much for your best service.

Pranali Parab

Personal Loan | 08 Nov, 2024

Customer support is the best and takes prompt action.

SUBHANKAR GHOSH

Personal Loan | 06 Nov, 2024

As of now, my experience with Tata Capital service executives has been excellent. I appreciate their response. Thanks.

PRABODH SUBBODH NAYAK

Personal Loan | 21 Oct, 2024

All is excellent, and you maintain the TATA corporate brand.

VIKAS KANHAIYALAL JADHAV

Personal Loan | 10 Oct, 2024

All services are the best.

VAIBHAV UTTAM SHINDE

Personal Loan | 03 Oct, 2024

Find the right Loan for you

Overdraft Loan

Need instant cash for those unexpected needs? Tata Capital offers Personal Loan Overdraft facility with the flexibility to withdraw funds as per your need and pay interest only on the utilized amount.

Avail multiple withdrawals and part-payment facilities without any extra charges.

Overdraft Loan Overdraft Loan

Personal Loan for Wedding

A marriage today comes with its fair share of frills, thrills and not to mention - Bills.

An equal lifetime as partners, with highs and lows, joys and woes for better or worse, must begin with taking equal financial responsibility for your wedding too

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Personal Loan for Medical

In times of emergency, getting funds should be a hassle free experience. That’s how we have designed our Medical Loan - a loan that is easy, fast and convenient.

We provide flexible repayment options for all cosmetic, medical and dental procedures.

Personal Loan for Medical Personal Loan for Medical

Personal Loan for Travel

Want to fund your vacation but falling short on funds? An EMI based loan can be an ideal way to pay for a holiday that you can’t quite cover in one go.

Tata Capital Personal Loan for Travel is how you can make it happen. Head off on your next adventure.

Personal Loan for Travel Personal Loan for Travel

Personal Loan for Home Renovation

Thinking of revamping your home? A home that reflects your personality, your style and your taste. We help you do just that with our Personal Loan for Home Renovation.

From making extensive upgrades to your interiors to finally addressing your basic repair and maintenance needs, we are the answer to your home needs. You deserve a better home. We’re here to help you.

Personal Loan for Home Renovation Personal Loan for Home Renovation

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