EMI Calculator

EMI is calculated on a reducing balance basis. Your monthly payment depends on the loan amount (principal), annual interest rate, and tenure in years. As you repay, interest is charged only on the remaining principal, which is the method most lenders use for personal loans.

Higher loan amount or interest rate increases EMI. Longer tenure lowers monthly EMI but usually means more total interest over the full term. Use the calculator to compare combinations of amount, rate, and years before you apply.

No. This tool shows an indicative EMI only. Actual rate, tenure, fees, and monthly amount depend on the lender, your credit profile, and final sanction terms. Always check the offer documents before accepting a personal loan.