Personal Loan Calculator
Loan Details
💡 How EMI is Calculated?
EMI (Equated Monthly Installment) is calculated using a standard
formula that ensures equal monthly payments over the loan tenure. Your
interest is calculated on the remaining balance each month.
Your EMI Breakdown
Monthly EMI
₹8,896
Per month payment
Total Interest
₹33,760
Interest over loan period
Total Amount Payable
₹5,33,760
Principal + Interest
📊 Payment Summary
Principal Amount
₹5,00,000
Total Interest Paid
₹33,760
Monthly Payment
₹8,896
Total Duration
60 months (5 years)