Personal Loan EMI Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Personal Loan Amortization

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What is a Personal Loan EMI Calculator?

A personal loan EMI calculator helps you calculate your personal loan EMI (Equated Monthly Instalment) obligations. Calculating your EMI beforehand can help you plan your loan and manage your finances in a better way.

Navi’s personal loan EMI calculator carries a user-friendly design and is extremely easy to use. All you need to do is just select the loan amount you wish to borrow, interest rate and tenure. The online calculator will give you the EMI details in just a few seconds.

How to Calculate Personal Loan EMI?

Your personal loan EMI depends on three factors – loan amount, interest rate and tenure. You can calculate your EMI obligations manually. However, the process can be extremely time-consuming. Navi Personal Loan EMI Calculator helps you calculate EMI in seconds. The online calculator is extremely simple and easy to use.

Here’s how you can calculate your personal loan EMI:

Select the loan amount

Choose the amount you need with the help of slide bar

Select the loan tenure

Use the slide bar to choose the loan tenure

Select the interest rate

Move the slide bar to select the interest rate.

You will be able to view your personal loan EMI

What is the Personal Loan EMI Formula?

The mathematical formula to calculate EMI is:

EMI = P × r × (1 + r)n/((1 + r)n – 1) where,

P = loan amount
r = interest rate
n = tenure in number of months

For instance, for a principal amount of ₹1 lakh, 10% interest rate and 12 months tenure, using the formula, your EMI would be ₹8792.

Advantages of Using Navi Personal Loan EMI Calculator

Here are some of the advantages of Navi Personal Loan EMI Calculator

User-friendly design

Our EMI calculator is easy-to-use and intuitive

Saves time

Calculate and check your loan EMI in seconds

Helps you plan better

Calculate your EMI beforehand to manage your finances in a better way

Frequently asked questions

Your loan amount, interest rate and tenure are the three primary factors that can affect your personal loan EMI.

When you repay your loan in EMIs, initially you pay more towards the interest. At the end of your loan tenure, you pay more towards the principal amount. An amortisation schedule provides a detailed break-up of these amounts repaid towards principal and interest along with their respective balances through every year of the loan.

Your EMI would be due on a specific date every month, for which you would be notified prior. You can link your bank account and set up auto debit so as to not miss the due date. That way every month, your EMI would be auto-debited from your bank account.

In case you skip your EMI for any reason, your tenure would increase. However, missing EMI payments doesn’t reflect well on you and can hurt your credit score as well as creditworthiness.

Other than your loan amount, your personal loan EMI also depends on the interest rate and tenure. Let’s say, you have taken a loan of ₹1 lakh at 10% p.a. for a tenure of 3 years. Upon calculation, your EMI would come up to ₹2,536. Use Navi Personal Loan EMI Calculator to instantly calculate your EMI.

In case you have an excellent credit score and a great repayment history, you could get preferential rates or low-interest rates from the lender.
You could reduce your personal loan EMI via a personal loan balance transfer. This facility allows you to switch to a new lender under favourable terms and conditions.
The maximum personal loan amount varies for each bank and depends on a lot of factors such as your income, liabilities, place of residence, etc. However, you must ensure that you opt for a personal loan amount where its EMI is under 30% of your salary to help you better manage your expenses.

Most lenders require the following documents to assess your eligibility for a personal loan: 

  • Proof of income
  • Proof of address
  • ID proof
  • Proof of business (if you are self-employed)
A few lenders allow you to prepay or foreclose your personal loan. However, its terms and conditions vary for each lender. Ensure that you check whether a lender has such a policy and if they have any prepayment or foreclosure charges before you sign on the dotted line.
Disclaimer : Navi does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User’s own risk.


Aug 2

How To Calculate Personal Loan EMI And Eligibility Online?

Want a personal loan? Calculate your eligibility and EMIs first. Check how to calculate personal loan EMI and eligibility online here!

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