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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 is EMI Calculated 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 a Personal Loan EMI Calculator?

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

Excellent and quick service response. Thanks for prompt action.

MIHIR CHANDRA JHA

Personal Loan | 17 February, 2024

Good and helpful service. Your co operation is excellent. Thank You.

KALI SHANKAR DUTTA

Personal Loan | 17 February, 2024

Customer Service was excellent and helpful.Thanks.

Aritra Ghosal

Personal Loan | 17 February, 2024

Excellent service and very fast response. Really appreciate. One of the Best service that I have dealt with.

MIHIR CHANDRA JHA

Personal Loan | 15 February, 2024

Excellent company and response is so good.

VARATI RAMAIAH SIVARAMAIAH

Personal Loan | 08 February, 2024

Good and Trustful company I have ever seen in Indian Finance companies

MICHAEL ANTONY SUDHAKARS

Personal Loan | 25 January, 2024

Good approach and customer service

HARIHARAN VENKATRAMAN

Personal Loan | 24 January, 2024

I like services very much . Tata capital provide urgent loan. Whenever I need loan I will contact them. Thank you.

Shankar Kumar

Personal Loan | 18 January, 2024

Fast resolution on any request. Good service for customers. I hope to come new bank from TATA

YEGILISETTY MALLESWARA RAO

Personal Loan | 16 January, 2024

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