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Personal Loan EMI Calculator

Monthly EMI:

3299/month
Principal Amount: 150000
Total Interest: 47933
Total Payable: 197933

Amortization Schedule

Month Opening Balance Monthly Interest Monthly Principal Outstanding Balance
1 150000.0 1437.5000000000002 1861.3911062305745 148138.60889376941
2 148138.60889376941 1419.6616685652905 1879.2294376652842 146259.37945610413
3 146259.37945610413 1401.6523864543315 1897.2387197762432 144362.14073632788
4 144362.14073632788 1383.470515389809 1915.4205908407657 142446.7201454871
5 142446.7201454871 1365.1144013942517 1933.776704836323 140512.9434406508
6 140512.9434406508 1346.5823746395702 1952.3087315910045 138560.63470905978
7 138560.63470905978 1327.8727492951564 1971.0183569354183 136589.61635212437
8 136589.61635212437 1308.9838233745254 1989.9072828560493 134599.7090692683
9 134599.7090692683 1289.913878580488 2008.9772276500867 132590.73184161822
10 132590.73184161822 1270.6611801488414 2028.2299260817333 130562.50191553649
11 130562.50191553649 1251.2239766905582 2047.6671295400165 128514.83478599647
12 128514.83478599647 1231.6005000324662 2067.2906061981084 126447.54417979837
13 126447.54417979837 1211.7889650564011 2087.1021411741735 124360.4420386242
14 124360.4420386242 1191.7875695368155 2107.1035366937595 122253.33850193044
15 122253.33850193044 1171.5944939768335 2127.296612253741 120126.0418896767
16 120126.0418896767 1151.2079014427352 2147.6832047878397 117978.35868488885
17 117978.35868488885 1130.6259373968517 2168.265168833723 115810.09351605513
18 115810.09351605513 1109.8467295288617 2189.044376701713 113621.04913935342
19 113621.04913935342 1088.8683875854704 2210.0227186451043 111411.02642070831
20 111411.02642070831 1067.6890031984547 2231.2021030321202 109179.82431767619
21 109179.82431767619 1046.3066497110635 2252.584456519511 106927.23986115668
22 106927.23986115668 1024.7193820027517 2274.171724227823 104653.06813692885
23 104653.06813692885 1002.9252363122349 2295.9658699183396 102357.10226701052
24 102357.10226701052 980.9222300588509 2317.968876171724 100039.13339083879
25 100039.13339083879 958.7083616622052 2340.1827445683693 97698.95064627042
26 97698.95064627042 936.2816103600916 2362.609495870483 95336.34115039994
27 95336.34115039994 913.6399360246662 2385.2511702059082 92951.08998019402
28 92951.08998019402 890.7812789768595 2408.109827253715 90542.9801529403
29 90542.9801529403 867.7035597990114 2431.1875464315635 88111.79260650874
30 88111.79260650874 844.4046791457088 2454.4864270848657 85657.30617942387
31 85657.30617942387 820.8825175528123 2478.0085886777624 83179.29759074611
32 83179.29759074611 797.1349352446503 2501.7561709859247 80677.54141976018
33 80677.54141976018 773.1597719393685 2525.731334291206 78151.81008546897
34 78151.81008546897 748.954846652411 2549.9362595781636 75601.87382589081
35 75601.87382589081 724.5179574981204 2574.3731487324544 73027.50067715836
36 73027.50067715836 699.8468814894343 2599.04422474114 70428.45645241722
37 70428.45645241722 674.9393743356651 2623.9517318949097 67804.50472052231
38 67804.50472052231 649.7931702383389 2649.0979359922358 65155.406784530074
39 65155.406784530074 624.40598168508 2674.4851245454947 62480.92165998458
40 62480.92165998458 598.775499241519 2700.115606989056 59780.806052995526
41 59780.806052995526 572.8993913412072 2725.9917148893674 57054.81433810616
42 57054.81433810616 546.7753040735174 2752.1158021570573 54302.6985359491
43 54302.6985359491 520.4008609695122 2778.4902452610622 51524.20829068804
44 51524.20829068804 493.77366278576045 2805.1174434448144 48719.09084724323
45 48719.09084724323 466.89128728608097 2831.9998189444937 45887.09102829873
46 45887.09102829873 439.7512890211962 2859.1398172093786 43027.951211089356
47 43027.951211089356 412.35119910627304 2886.539907124302 40141.411303965055
48 40141.411303965055 384.6885249963318 2914.2025812342426 37227.208722730815
49 37227.208722730815 356.76075025950365 2942.130355971071 34285.07836675974
50 34285.07836675974 328.5653343481142 2970.3257718824607 31314.75259487728
51 31314.75259487728 300.099712367574 2998.791393863001 28315.96120101428
52 28315.96120101428 271.36129484305354 3027.529811387521 25288.43138962676
53 25288.43138962676 242.34746748392314 3056.5436387466516 22231.88775088011
54 22231.88775088011 213.0555909459344 3085.83551528464 19146.052235595467
55 19146.052235595467 183.48300059112324 3115.4081056394516 16030.644129956016
56 16030.644129956016 153.62700624541182 3145.264099985163 12885.380029970853
57 12885.380029970853 123.48489195388736 3175.4062142766875 9709.973815694166
58 9709.973815694166 93.05391573373576 3205.837190496839 6504.136625197327
59 6504.136625197327 62.33130932480772 3236.559796905767 3267.5768282915597
60 3267.5768282915597 31.314277937794117 3267.5768282927806 0.0

What is Personal Loan EMI?

Personal Loan EMI is the fixed monthly installment you pay to repay your loan. It covers both the interest and principal components. EMIs depend on the loan amount, interest rate, and tenure.

How is EMI Calculated?

EMI = [P x R x (1 + R)^N] / [(1 + R)^N - 1]
  • P = Loan amount
  • R = Monthly interest rate
  • N = Loan tenure in months

Why Use an EMI Calculator?

An EMI calculator helps you plan your loan repayment efficiently. It enables better budgeting, lets you compare loan offers, and prevents financial surprises.

What is a Loan Amortization Schedule?

A loan amortization schedule shows a month-wise breakdown of your EMI into principal and interest. It gives clarity on how your debt reduces over time.

Types of Personal Loan Repayment Plans

  • Standard EMI: Fixed monthly payments till the end of the tenure.
  • Step-Up EMI: Gradually increasing EMIs based on income growth.
  • Lump-Sum Prepayment: Extra payments towards principal to reduce interest burden.

How to Use the Personal Loan EMI Calculator

Enter the desired loan amount, interest rate, and tenure in months. The calculator will show your monthly EMI, interest payable, and total repayment.

Frequently Asked Questions (FAQs)

Can I prepay a personal loan?

Yes, most lenders allow prepayment. It helps reduce your interest burden, but some banks may charge a small penalty.

Does my credit score affect personal loan EMI?

Yes, a good credit score can help you get lower interest rates, which directly reduces your EMI.

Is collateral required for a personal loan?

No, personal loans are usually unsecured and do not need any collateral. Approval depends on credit profile.

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