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Calculate Personal Loan EMI Online

While taking an instant personal loan online, you should review your current financial commitments and income to arrive at a suitable loan amount and affordable EMIs. Our personal loan EMI calculator cracks your Equated Monthly Instalments (EMIs) in seconds to assist you in planning your finances better.

The personal loan EMI is calculated based on the loan amount, repayment tenure, and interest rate. While the loan amount and tenure depend on your financial needs and repayment capabilities, the personal loan interest rate is set on the basis of your eligibility. Fullerton India’s personal loan EMI calculator makes your loan planning easier.

12 Months
36 Months
60 Months

Your Calculated EMI*

Created with Highcharts 8.2.2Principal Amt : 84%
Principal Amount
Total Interest Payable
Total Amount Payable

Personal Loan EMI Repayment Schedule

MonthOpening Principal OutstandingInterest paidPrincipal repaidResulting Principal Outstanding
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Disclaimer The above calculator with graph & below table provide an approximate calculation of the EMI (... Read More

*Terms and conditions apply

How to use Personal Loan EMI Calculator?

Our online personal loan EMI calculator comes with three tabs to arrive at your Equated Monthly Instalment or EMI in an instant. Follow these simple steps below to find yours:

  • Choose the loan amount you are seeking. You can select an amount up to `25 lakhs.
  • Next, select the tenure. For a personal loan, you can choose a repayment tenure of up to 5 years or 60 months.
  • Finally, set the ‘Rate of Interest’

Here's an example to show you how the personal loan EMI calculator works. If you are looking for a loan of `1,00,000 for a repayment tenure of 3 years at an interest rate of 12 per cent per annum, complete the following actions on the calculator:

  • Move the 'Loan Amount' slider to `1,00,000
  • Next, select ‘3’ years as ‘Loan Tenure’
  • Finally, shift the slider to 12 in the ‘Rate of Interest’ box.


Please see our example of the EMIs on a Personal Loan of `1,00,000 for varying tenure with 12% interest rate at Fullerton India


Payment Type

EMI Payable by Tenure

2 Years

3 Years

4 Years

5 Years






Amount Payable (Total)





Interest Payable (Total)





Disclaimer: The above table provides an approximate calculation of the EMI ( Equated Monthly Installment) amount and interest payable. Actual numbers may vary.

How is Personal Loan EMI Calculated?

Your personal loan EMI depends on three factors: the loan amount, the rate of interest and the tenure of the loan. The mathematical formula for calculating personal loan EMI is:

EMI = P × r × (1 + r)n/((1 + r)n - 1)

Where, P = Loan amount, r = the rate of interest, and n = tenure in months.

Thus, you can see that the EMI increases with the loan amount and the rate of interest, but decreases as the tenure gets larger. This may make you think that a longer tenure is better as the monthly outlay towards the loan will be lower. But this is not necessarily true, as longer tenure also results in the overall cost of the funds getting higher as the total amount that you would pay back gets larger with the tenure.

How is Personal Loan Interest Calculated?

Now that you know how to calculate the EMI, you must be wondering how personal loan interest rate is calculated. The interest rate offered by the lender depends on multiple factors. These include:

  1. Your credit history
  2. Your monthly income
  3. The loan amount
  4. Your fixed monthly obligations including any outstanding loans

As a rule, the lower the credit risk that the lender perceives, the lower is the interest rate they can offer. Therefore, to get a good interest rate ensure that you service all your outstanding loans on time, and have enough income over your fixed obligations to service the loan you are applying for.

How to Reduce your EMI for a Personal Loan?

You can reduce your personal loan EMI either by choosing a longer repayment tenure or negotiating a lower rate of interest with the lender.

By using the personal loan calculator, you can calculate the loan EMI for different tenure and select the one that suits best according to your repayment capability. Also, a good CIBIL score will help you to enjoy lower interest rates.

What are the Factors That Can Affect Personal Loan EMI?

The personal loan EMI is affected by factors like the loan amount, rate of interest and loan tenure. Please note that your personal loan EMI may also contain other charges such as insurance and service fees, which will not be indicated by the EMI calculator. The final EMI amount will be communicated to you after your loan gets approved through your loan agreement and schedule. However, the EMI calculator gives a near accurate estimate of the monthly EMI you will need to pay by taking into account the most important factors which are interest rate, tenure and loan amount. 

Using the personal loan calculator, you can calculate the personal loan EMI of different tenure and check how a change in different factors impacts the EMI.

EMI calculator for personal loan helps borrowers to select the right loan tenure based on repayment capacity.

What is the Personal Loan Amortization Schedule?

A personal loan amortization schedule is a detailed table of periodic loan EMI payments of the chosen loan tenure. The table includes the total breakdown of principal and interest amount in EMI payments of every year of the chosen loan tenure.

It is calculated using the personal loan calculator and the table is generated automatically and helps borrowers to keep track of what they owe at any given point.

How is the Personal Loan EMI to be Paid?

Your personal loan EMIs are fixed and are debited directly from your bank account on a fixed date of every month until the completion of loan tenure, the details of which are intimated at the time of approval.

Using the EMI calculator for personal loan, you can determine the EMI amount and select the right loan tenure for yourself. The personal loan EMI calculator can also be used to check how different factors impact loan EMI.


What is Personal Loan EMI?

You can use our free personal loan EMI calculator to know your monthly EMI. Additionally, if you would like to get a clearer picture, after you submit the personal loan application, our team will calculate your EMI (Equated Monthly Instalment) on the basis of the loan amount, interest rate, and repayment tenure.

How to calculate Personal Loan EMI?

The personal loan interest calculator requires you to know the loan amount you want to borrow, tenure, and applicable rate. Upon feeding these details in our free-to-use online personal loan EMI calculator, you will get to know the exact EMI to pay every month. Knowing the EMI amount will help you plan your monthly budget better. Thus, you will be able to keep enough funds for monthly repayments.

How to calculate personal loan eligibility?

Personal loan eligibility depends on factors like your monthly income (if you are salaried) or yearly profit after tax (if you are self-employed), credit worthiness (determined by CIBIL score), existing monthly obligations (including credit cards), and so on. There are also various other factors, such as your age at the time of loan application, your location, and the company's policy at the time of loan application. To know the maximum amount you can be eligible for, you can use our free personal loan eligibility calculator.

Why should you know your EMI in advance?

Knowing your personal loan EMI in advance helps in budgeting and planning out your loan repayments. Using an online EMI calculator for personal loan, you can calculate and determine the loan EMI amount, which you can pay without straining your finances, and thereby decide an optimum loan tenure.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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