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###### Loan amount
₹75,000 ₹35,00,000
1 Years 6 Years
###### Rate of interest
%
10% p.a 19% p.a

Monthly EMI

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

The third and final slider in the PL EMI Calculator will help you set the Loan Duration, in months or years. 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.

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

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

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

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

It was great dealing with Tata Capital. Thank you for the prompt response and solution.

###### Prerna Saxena

Personal Loan | 17 Jul, 2024

It was a great experience with a smooth process to talk with the expert. Both executives explained things to me in a great way. I will definitely recommend Tata Capital

###### CHANDAN SINGH

Personal Loan | 05 Jul, 2024

###### NAGOORSHAREEF SHAIK

Personal Loan | 02 Jul, 2024

The staff's behavior with us was very nice and their communication was excellent. The documentation process and disbursement were very quick and perfect. Thanks to Tata Capital Finance for being helpful to me.

###### SANJIV KUMAR MAHARANA

Personal Loan | 25 Jun, 2024

Customer care of Tata Capital was very helpful and patiently resolved my request

Personal Loan | 23 Jun, 2024

Exellent Service by Tata capital and I was completely impressed with their professionalism and customer service.

###### KIRANKUMAR G

Personal Loan | 21 Jun, 2024

Tata Capital is a well-organized company. Your customer service is excellent and very polite. I hope I get a loan again. Thank you.

###### KAMALAKAR Rao SHANKARRAOBASPALLY

Personal Loan | 20 Jun, 2024

A wonderful service and Tata capital PL policy

###### VISHAL KUMAR TIWARI

Personal Loan | 16 Jun, 2024

Excellent no words as Tata Capital is faster than the bank finance system.Thanks.

###### Rahim Vasanji Dodhiya

Personal Loan | 15 Jun, 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.

### 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

### 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 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.