All you need to know
Personal loan for all your needs
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreHome Loan with instant approval starting
@ 8.75% p.a
All you need to know
Home Loan for all your needs
Calculators
Business loan to suit your growth plan
All you need to know
Business loan for all your needs
Looking for Secured Business Loans?
Get secured business loans with affordable interest rates with Tata Capital. Verify eligibility criteria and apply today
Know MoreExplore Used Car Loans
Explore New Car Loans
Explore Two Wheeler Loans
Calculators
Avail Loan Against Securities up to ₹40 crores
All you need to know
Explore Loan Against Securities
Calculators
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreAvail Loan Against Property up to ₹ 7.5 Crores
All you need to know
Loans for all your needs
Calculators
All you need to know
Calculators
All you need to know
Calculators
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.
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.
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)
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 –
Yes, you can use the personal loan EMI checker to calculate EMIs for different loan amounts. Here’s how you can use Tata Capital’s EMI calculator to determine these.
Use the first slider in the EMI calculator to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years
Once these amounts are specified, the EMI calculator will display the monthly EMI, total amount payable, and total interest payable. You can repeat this process to determine the EMIs for various loan amounts.
There is no limit to the number of times you can use the Tata Capital EMI calculator. This calculator is available online for free. Here are the benefits of using the EMI calculator.
Ascertain your EMI in advance
Manage your financial budget better by knowing how much EMI you must pay
Find the loan tenure that suits you by calculating a comfortable EMI amount
Save time and get an accurate calculation
By following the steps below, you can use Tata Capital’s EMI calculator to calculate the EMIs for different loan amounts in an easy and hassle-free manner-
Use the first slider in the personal loan EMI checker to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years
Once these amounts are specified, the EMI calculator will display the monthly EMI, total amount payable, and total interest payable. However, it is important to note that the calculator can only calculate EMIs for loan amounts between Rs 75,0000 and Rs 35,00,000.
Yes, the EMI calculator will give you a clear picture of the total interest payable over the loan tenure.
All you have to do is follow the steps below.
Use the first slider in the personal loan EMI checker to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years
Once these amounts are fed into the calculator, the EMI calculator will display the total interest payable, the monthly EMI, and the total amount payable.
While Tata Capital’s EMI calculator cannot explicitly compare EMIs offered by several lenders, it can help you. It can calculate EMIs offered for different loan amounts at different interest rates and tenures.
All you have to do is follow the steps below.
Use the first slider in the personal loan EMI calculator to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years
Based on the above information, the calculator will display the monthly EMIs, total amount payable, and total interest payable. You can repeat this process with different amounts for each slider and get an accurate understanding of your financial obligations under different loan conditions.
No, the personal loan EMI checker will not be able to provide you with any tips or suggestions for managing your personal loan EMI effectively.
However, it will help you get a clear understanding of your monthly EMIs. Here are the benefits of using Tata Capital’s EMI calculator.
Ascertain your EMI in advance
Manage your financial budget better by knowing how much EMI you must pay
Find the loan tenure that suits you by calculating a comfortable EMI amount
Save time and get an accurate calculation
No, you cannot calculate prepayment or part-payment using our personal loan EMI calculator. However, we offer a separate calculator to help you evaluate your pre and part payment- our prepayment EMI calculator.
All you need to do is enter the loan amount, loan duration, rate of interest, part-payment amount and payment months. Based on this, the calculator will display the revised EMI (fixed tenure), revised tenure (fixed EMI), total payment and remaining principal.
No, the results generated by the EMI calculator are not inclusive of taxes and other charges. This calculator takes into account your loan amount, interest rate and tenure to calculate your EMI payment, exclusive of taxes and other charges.
No, processing fees and other costs aren’t considered by personal loan EMI calculators. Tata Capital’s EMI calculator takes the loan amount, interest rate and tenure in to account to calculate your monthly EMI. Processing fees and other charges must be calculated separately.
No, the personal loan EMI calculator cannot calculate loans with variable or floating interest. Tata Capital’s EMI calculator calculates your EMI for fixed interest rates.
Yes, you can use Tata Capital’s EMI calculator for a joint personal loan as well. All you need to do is follow the steps below.
Use the first slider in the personal loan EMI checker to specify the loan amount. You can use the ‘-’ and ‘+ ‘symbols to decrease or increase the amount or manually enter the amount in the box.
Next, use the second slider to specify the interest rate
Lastly, use the third slider to specify the loan tenure in months or years
Once these amounts are specified, the EMI calculator will display the monthly EMI, total amount payable, and total interest payable.
Select the loan duration
This will compute estimated EMI basis the ROI and the details you have entered
To reduce personal loan EMIs, opt for a longer tenure, make partial prepayments, use balance transfers, or consolidate loans. Improving your credit score and taking advantage of lender promotions can also help lower EMIs.
Submitted successfully
Uh oh, something went wrong
Please try again later.
Start an SIP in minutes by signing up with the Tata Capital Moneyfy App. We are your one stop shop for all things investment.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Thank you for subscribing
We will send news and updates to your registered email ID
Trust the links that start from https://www.tatacapital.com
Do not make payments in any individual’s bank accounts.
Call our Customer Care Number 1860 267 6060 for assistance
For any assistance, contact our customer support
rahul.sharma@gmail.com
Click allow button to receive notifications
SMS sent successfully!
