Personal Loan EMI Calculator
Compute personal loan EMI, total payment and amortization for unsecured personal loans.
Inputs
₹
₹5.00 L
% p.a.
14%
yrs
3 yrs
Monthly EMI
₹17,089
Total interest
₹1.15 L
Total payment
₹6.15 L
Year-wise breakdown
| Year | Principal paid | Interest paid | Outstanding |
|---|---|---|---|
| 1 | ₹1,44,079 | ₹60,987 | ₹3,55,921 |
| 2 | ₹1,65,596 | ₹39,470 | ₹1,90,326 |
| 3 | ₹1,90,326 | ₹14,740 | ₹0 |
Formula & assumptions
EMI = P × r × (1+r)n / ((1+r)n − 1)
where P = principal, r = monthly rate, n = months.
Reducing balance method. Floating-rate revisions and processing fees excluded.