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Loan amount
Loan duration
Loan duration
Rate of interest
%

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

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.

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What our customers say about us

Thanks for the support provided by Tata Capital during my bad days. The team gave me valuable support.

S BALASUBRAMANIAN

Personal Loan | 03 May, 2024

I have already appreciated the patience and professionalism that your staff has given during the entire tenure of this loan with Tata Capital. The practices and the way you interact with customers are best and are testimony of the TATA GROUP legacy. I am sincerely obliged to you for your help and cooperation.

PRASHANT BALASAHEB NEHE

Personal Loan | 02 May, 2024

Your services are very good. You understand the problems of your customers, and you will continue to be the first to help your customers in the future.

RANJEEV SINGH BAKSHI

Personal Loan | 01 May, 2024

Tata Capital's work is very good, and their customer support is very helpful. Thank you, Tata.

RAGHUVIR BABULAL OZA

Personal Loan | 30 April, 2024

Our experience with Tata Capital seems excellent. We are grateful for their consistent financial support tailored to Our needs. Tata Capital appears to be a humble organization with supportive and helpful staff, always treating customers with respect and value. We express gratitude to all Tata Capital members.

SUHEL AHMED

Personal Loan | 27 April, 2024

Excellent service. Tata Capital is my go-to source for funds in an emergency. I will refer all my friends and family members to get financial services from Tata Capital.

SHANTA YADAV

Personal Loan | 22 April, 2024

Excellent services provided. Looking forward for future requirements. Like to travel with tata capital along journey of life.

P PRAVEEN KUMAR

Personal Loan | 18 April, 2024

Dear Team, That was a really good experience for me. I have a good history and experience with Tata capital. Whatever feedback I give, they take it seriously and work on it to resolve the same. Tata capital is good as always. Thanks for the loan.

NISAND DURAI

Personal Loan | 14 April, 2024

It is going to be a good relation with Tata Capital as I got help from here when I was not getting help from anywhere. Thanks for the trust.

ARSHAD JAAN

Personal Loan | 09 April, 2024

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