Personal Loan EMI Calculator
Use our free online EMI calculator to estimate your monthly installments, total interest payable, and view a detailed month-wise repayment schedule — so you can compare lenders and choose the smartest loan offer.
Your Monthly EMI
₹8,814
per month
₹1,05,773
Total Payable
₹1,00,000
₹5,773
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. Each EMI consists of two components: principal repayment (the actual loan amount being repaid) and interest payment (the cost of borrowing).
In the early months of a loan, a larger portion of your EMI goes toward interest. As the loan matures, the interest component decreases and more of your payment goes toward reducing the principal. Understanding your EMI before choosing a lender helps you plan your monthly budget and pick a tenure that keeps your payments comfortable.
How to Use the BankCreds EMI Calculator
Three simple steps to calculate your personal loan EMI.
Enter Loan Amount
Use the slider or type in your desired loan amount between ₹5,000 and ₹10,00,000
Set Rate & Tenure
Adjust the interest rate (10.49% – 26%) and choose your repayment tenure (3 – 60 months)
View Results
Your EMI, total interest, and total payable are calculated instantly. Click "View EMI Schedule" for month-wise breakdown
EMI Table for Popular Loan Amounts
Approximate monthly EMI at the lowest lender rate of 10.49% p.a. available on BankCreds.
| Loan Amount | 12 Months | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|---|
| ₹25,000 | ₹2,204 | ₹1,159 | ₹812 | ₹640 | ₹537 |
| ₹50,000 | ₹4,407 | ₹2,319 | ₹1,625 | ₹1,280 | ₹1,074 |
| ₹1,00,000 | ₹8,814 | ₹4,637 | ₹3,250 | ₹2,560 | ₹2,149 |
| ₹2,00,000 | ₹17,629 | ₹9,274 | ₹6,500 | ₹5,120 | ₹4,298 |
| ₹3,00,000 | ₹26,443 | ₹13,911 | ₹9,749 | ₹7,680 | ₹6,447 |
| ₹5,00,000 | ₹44,072 | ₹23,186 | ₹16,249 | ₹12,799 | ₹10,744 |
| ₹10,00,000 | ₹88,144 | ₹46,371 | ₹32,498 | ₹25,599 | ₹21,489 |
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Calculate EMI for your specific loan amount — click to see dedicated page.
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Frequently Asked Questions
Common questions about EMI calculation and personal loans.
What is an EMI?
What is the formula to calculate EMI?
What is the EMI for a ₹1 lakh personal loan?
What factors affect my personal loan EMI?
Does a longer tenure reduce my EMI?
Is the EMI calculator accurate?
About BankCreds
BankCreds.com is India's trusted loan comparison platform — we are not a lender. We help you compare instant personal loan offers from 30+ leading banks and NBFCs, with interest rates starting from 10.49% p.a. and loan amounts up to ₹10 Lakhs. Our free EMI calculator, eligibility checker, and side-by-side lender comparison help you make an informed, smart choice.