Loan Emi Calculator

A Personal Loan EMI Calculator is a simple piece of software that calculates the monthly EMI you’ll have to pay to pay back your loan. Simply enter the desired Loan Amount, Interest Rate, and Loan Tenure, and the calculator will calculate the EMI Amount and Annual Interest Payable.

How To Use A Personal Loan EMI Calculator?

A loan EMI calculator has the following important steps –

• Loan Amount or Principal –It is the total amount that you borrow as a loan and must repay at the end of the period, including interest.

• Rate of Interest – The rate of interest, expressed as a percentage, is the rate at which interest will be charged on the principal loan amount throughout the term of the loan.

• Loan Tenure or Loan Duration –Tenure is the duration of time you have to repay the whole amount of your personal loan plus interest, expressed in years or months.

  You can use our calculator to calculate your personal loan EMI. Just follow the steps mentioned below –

• Step 1 – Using the first Column, set the desired Loan Amount. Use increase or decrease the amount or enter the amount manually in the box

• Step 2 – The second column will help you set the Loan Duration, in months or years. You can manually enter the same in the box.

• Step 3 – Use the final column to set the Rate of Interest. Increase or decrease the interest rate or manually enter it in the given box 

  The personal loan EMI calculator will automatically show you the EMI amount that you need to pay every month.