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EMI Calculator for Personal Loan
Your EMI is calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P is the principal, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the number of monthly installments. A higher loan amount, higher rate, or longer tenure directly increases your EMI.
As a thumb rule, your total EMI burden, including the new loan should not exceed 40–50% of your take-home monthly salary. Use the Ruloans Personal Loan EMI Calculator → to plan before you apply.
Quick EMI Reference
| Loan Amount | Rate | Tenure | Approx. EMI |
|---|---|---|---|
| ₹2 lakh | 12% p.a. | 2 years | ~₹9,413 |
| ₹5 lakh | 11% p.a. | 3 years | ~₹16,370 |
| ₹10 lakh | 10.5% p.a. | 5 years | ~₹21,499 |
| ₹20 lakh | 12% p.a. | 5 years | ~₹44,489 |
Loan Amount
Interest Rate
Loan Tenure
YearMonths
Interest Amount
Principal Amount
Monthly Emi₹
Principal Amount₹5,000
Interest Payable₹-5,000
Total Amount payable₹
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