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If you want to avail of a personal loan for any of your reason(s), then you can simply put forward your candidature with us. We will arrange for the best available loan option for you with a minimal rate and fewer pre-conditions.

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Methods to calculate Personal Loan EMI

The simplest, quickest, and most straightforward approach to figure monthly instalments is to utilize a Personal loan interest rate calculator, often known as a Personal loan EMI calculator. All you have to do here is enter the values for the three major components, and the outcome is created automatically in seconds.Flat rate Method: - Calculate the interest rate on the entire loan amount.


Loan Amount is



No. of Month is



Rate of Interest (ROI) is



Monthly EMI

Total Interest

Payable Amount

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Flat rate Method: - Calculate the interest rate on the entire loan amount.

EMI = (Principle + Rate of interest) / tenure (months)

Reducing balance Method: This is considered the hardest way to calculate Personal loan EMI as it involves a manual calculation based on the following formula.

EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)]

Please note:

‘P’ refers to the principal amount

‘N’ means tenure in months

‘R’ refers to the monthly interest rate.

Personal Loan EMI Calculator

The best method to ensure that your repayment journey is comfortable is to plan your secured loan as well as possible. You can estimate the amount you may qualify for using a Personal Loan calculator before you apply for the loan. Using the Personal Loan EMI calculator, you can compute your monthly instalments by adding three factors: interest rate, loan amount, and loan tenure.


How To Reduce EMIs On A personal-loan?

There are a few ways to reduce the professional loan EMI amount.

  • Opt for a smaller sanction
  • Choose a longer tenure
  • Negotiate for a lower interest rate
  • Prepay the professional loan at least once during the tenure.

Before trying any of these tactics, be sure to use a professional loan calculator and conduct a thorough cost-benefit analysis.


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