Personal Loan EMI Calculator

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.

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)