Loan > Retail Loan > Personal loan EMI calculator
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Month | Opening Balance | Interest Paid During The Month | Principal Repaid During The Month | Closing Balance |
---|---|---|---|---|
1 | 500,000 | 4,271 | 25,815 | 474,185 |
2 | 474,185 | 4,050 | 26,036 | 448,149 |
3 | 448,149 | 3,828 | 26,258 | 421,891 |
4 | 421,891 | 3,604 | 26,482 | 395,408 |
5 | 395,408 | 3,377 | 26,709 | 368,700 |
6 | 368,700 | 3,149 | 26,937 | 341,763 |
7 | 341,763 | 2,919 | 27,167 | 314,596 |
8 | 314,596 | 2,687 | 27,399 | 287,197 |
9 | 287,197 | 2,453 | 27,633 | 259,564 |
10 | 259,564 | 2,217 | 27,869 | 231,695 |
Principle Amount
Total Interest
Total repayment = Principle amount + Total interest
Monthly Payment EMI
Total Interest
Total Repayment
Use an EMI Calculator to Manage Your Personal Loan: Easily Arrange For Your Finances!
You can use an EMI calculator to figure out your monthly payments, total interest due, and the total amount you'll have to repay during the loan's term. With the aid of this tool, you can organize your money more effectively and determine whether getting a personal loan is the best course of action for you.
A personal loan EMI calculator is an online tool that calculates the monthly installments you need to pay towards your personal loan based on the amount, interest rate, and tenure.
Using a personal loan EMI calculator is easy. Just enter the amount, interest rate, and loan tenure, and the calculator will show you the monthly EMI, total interest payable, and the total amount payable.
Yes, you can use a personal loan EMI calculator to compare loan offers from different lenders. You can enter the loan amount, interest rate, and loan tenure of different loan offers, and compare the monthly EMI, total interest payable, and the total amount payable to choose the best offer.
The EMI calculated by the personal loan EMI calculator is an approximation and may differ slightly from the actual EMI you need to pay. However, it is a good tool to get an idea of your monthly payments.
Yes, you can change the loan amount, interest rate, and loan tenure while using the personal loan EMI calculator. You can enter different values to see how they affect the monthly EMI, total interest payable, and the total amount payable.
Yes, using a personal loan EMI calculator is free. Most lenders and financial websites offer this tool for free to help borrowers calculate their monthly payments.
Yes, you can use a personal loan EMI calculator for other types of loans, such as home loans, car loans, or education loans. You just need to enter the relevant loan details to calculate the EMI.
The results of the personal loan EMI calculator can help you plan your finances better. You can use the EMI amount to budget your monthly expenses, and the total interest payable to decide if the loan is affordable for you.
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