Loan Amount
₹
Upto 5 Lakhs
Rate Of Interest (p.a)
%
Upto 24%
Loan Tenure
Months
Upto 60 Months
EMI Amount
₹X,XXX
Total Interest
₹X,XXX
Principal Amount
₹X,XXX
Total
(Interest + Principle)
PERSONAL LOAN EMI CALCULATOR
It is quick and easy!
Meet Your Cash Needs In 3 Easy Steps
Enter your phone number and follow the simple steps to check eligibility.
Get instant online approvals on personal loans of upto ₹1.5 lakhs.
Get the loan amount disbursed within minutes of signing the agreement.
How EMI Calculator Works ?
The formula for calculating EMIs is :
EMI = P × R × (1 + R)N/((1 + R)N - 1)
| P | Principal Amount |
| R | Rate Of Interest |
| N | Loan Tenure In Months |
To determine your EMI amount, enter the loan amount that you wish to borrow, the loan tenure within which you intend to repay the money, and the interest rate that your borrower charges.
Disclaimer :
Our Personal Loan EMI calculator offers estimated monthly instalments which are indicative and tentative and are based upon the details populated by the user. Actual loan terms and eligibility are subject to approval.
Frequently Asked Questions
What is an EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you need to pay each month to repay your loan over a specified period. An EMI includes both the principal loan amount and the interest of your personal loan.
What factors affect my EMI?
The EMI for your personal loan is affected by several factors, including the loan amount (principal), the interest rate, and the loan tenure (duration). A higher loan amount or interest rate, or a longer tenure, can increase your EMI.
Can I prepay my loan before the end of the tenure?
Yes, you can prepay your loan before the end of the tenure. Prepaying can help reduce the total interest cost. However, some lenders may charge a prepayment penalty, so it's important to check the terms and conditions of your loan agreement.
What documents do I need to apply for a personal loan?
Typically, you will need the following documents to apply for a personal loan:
Proof of identity (e.g., pan card, passport, driver's licence)
Proof of address (e.g., aadhar card, utility bill, rental agreement)
Proof of income (e.g., salary slips, bank statements)
Can I use the EMI calculator for different types of loans?
Yes, EMI calculator can be used for various types of loans including personal loans, home loans, car loans, and education loans. However, Capital Now EMI calculator is specific for Personal Loan only. Just input the relevant details such as loan amount, interest rate, and tenure for the specific loan type.
What is an EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you need to pay each month to repay your loan over a specified period. An EMI includes both the principal loan amount and the interest of your personal loan.
What factors affect my EMI?
The EMI for your personal loan is affected by several factors, including the loan amount (principal), the interest rate, and the loan tenure (duration). A higher loan amount or interest rate, or a longer tenure, can increase your EMI.
Can I prepay my loan before the end of the tenure?
Yes, you can prepay your loan before the end of the tenure. Prepaying can help reduce the total interest cost. However, some lenders may charge a prepayment penalty, so it's important to check the terms and conditions of your loan agreement.
What documents do I need to apply for a personal loan?
Typically, you will need the following documents to apply for a personal loan:
Proof of identity (e.g., pan card, passport, driver's licence)
Proof of address (e.g., aadhar card, utility bill, rental agreement)
Proof of income (e.g., salary slips, bank statements)
Can I use the EMI calculator for different types of loans?
Yes, EMI calculator can be used for various types of loans including personal loans, home loans, car loans, and education loans. However, Capital Now EMI calculator is specific for Personal Loan only. Just input the relevant details such as loan amount, interest rate, and tenure for the specific loan type.
What is an EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you need to pay each month to repay your loan over a specified period. An EMI includes both the principal loan amount and the interest of your personal loan.
What factors affect my EMI?
The EMI for your personal loan is affected by several factors, including the loan amount (principal), the interest rate, and the loan tenure (duration). A higher loan amount or interest rate, or a longer tenure, can increase your EMI.
Can I prepay my loan before the end of the tenure?
Yes, you can prepay your loan before the end of the tenure. Prepaying can help reduce the total interest cost. However, some lenders may charge a prepayment penalty, so it's important to check the terms and conditions of your loan agreement.
What documents do I need to apply for a personal loan?
Typically, you will need the following documents to apply for a personal loan:
Proof of identity (e.g., pan card, passport, driver's licence)
Proof of address (e.g., aadhar card, utility bill, rental agreement)
Proof of income (e.g., salary slips, bank statements)
Can I use the EMI calculator for different types of loans?
Yes, EMI calculator can be used for various types of loans including personal loans, home loans, car loans, and education loans. However, Capital Now EMI calculator is specific for Personal Loan only. Just input the relevant details such as loan amount, interest rate, and tenure for the specific loan type.
What is an EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you need to pay each month to repay your loan over a specified period. An EMI includes both the principal loan amount and the interest of your personal loan.
What factors affect my EMI?
The EMI for your personal loan is affected by several factors, including the loan amount (principal), the interest rate, and the loan tenure (duration). A higher loan amount or interest rate, or a longer tenure, can increase your EMI.
Can I prepay my loan before the end of the tenure?
Yes, you can prepay your loan before the end of the tenure. Prepaying can help reduce the total interest cost. However, some lenders may charge a prepayment penalty, so it's important to check the terms and conditions of your loan agreement.
What documents do I need to apply for a personal loan?
Typically, you will need the following documents to apply for a personal loan:
Proof of identity (e.g., pan card, passport, driver's licence)
Proof of address (e.g., aadhar card, utility bill, rental agreement)
Proof of income (e.g., salary slips, bank statements)
Can I use the EMI calculator for different types of loans?
Yes, EMI calculator can be used for various types of loans including personal loans, home loans, car loans, and education loans. However, Capital Now EMI calculator is specific for Personal Loan only. Just input the relevant details such as loan amount, interest rate, and tenure for the specific loan type.
What is an EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you need to pay each month to repay your loan over a specified period. An EMI includes both the principal loan amount and the interest of your personal loan.
What factors affect my EMI?
The EMI for your personal loan is affected by several factors, including the loan amount (principal), the interest rate, and the loan tenure (duration). A higher loan amount or interest rate, or a longer tenure, can increase your EMI.
Can I prepay my loan before the end of the tenure?
Yes, you can prepay your loan before the end of the tenure. Prepaying can help reduce the total interest cost. However, some lenders may charge a prepayment penalty, so it's important to check the terms and conditions of your loan agreement.
What documents do I need to apply for a personal loan?
Typically, you will need the following documents to apply for a personal loan:
Proof of identity (e.g., pan card, passport, driver's licence)
Proof of address (e.g., aadhar card, utility bill, rental agreement)
Proof of income (e.g., salary slips, bank statements)
Can I use the EMI calculator for different types of loans?
Yes, EMI calculator can be used for various types of loans including personal loans, home loans, car loans, and education loans. However, Capital Now EMI calculator is specific for Personal Loan only. Just input the relevant details such as loan amount, interest rate, and tenure for the specific loan type.