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Personal Loan EMI Calculator

Updated on August 2, 2022 , 21343 views

What is Personal Loan EMI Calculator?

Personal Loan, also known as consumer loan, is a type of loan which is normally unsecured in nature, and is taken by an individual for a short period of time. It is basically taken to meet any financial need like family expenditure, home revamp, holiday or maybe for the procurement of any amenities either for personal or for commercial use and others. A personal loan is preferred to other loans as it requires minor documents, provides flexibility of usage and takes comparatively less processing time. Unlike other loans, it usually has a shorter repayment tenure ranging from 1-5 years. An emi calculator is a quick and simple solution to pre-plan and balance your inflow and outflow of money so that you don’t run short of money at any point in time. An EMI calculator is a formula box with 3 inputs, namely-Loan Amount, Loan Tenure, and Interest Rate. Once you fill in the details, the calculator will tell you the EMI (Equal Monthly Installment) amount that you will need to give to the Bank every month, to repay your debts.

Calculate Payable Interest & EMI Online

Personal Loan EMI Calculator

Personal Loan Amount:
Interest per annum:
%
Loan Period in Months:
Months

Personal Loan Interest:₹311,670.87

Interest per annum:14%

Total Personal Payment: ₹1,311,670.87

Personal Loan Amortization Schedule (Monthly)

Month No.EMIPrincipalInterestCumulative InterestPending Amount
1₹27,326.48₹15,659.811,400%₹11,666.67₹984,340.19
2₹27,326.48₹15,842.511,400%₹23,150.64₹968,497.68
3₹27,326.48₹16,027.341,400%₹34,449.78₹952,470.35
4₹27,326.48₹16,214.321,400%₹45,561.93₹936,256.02
5₹27,326.48₹16,403.491,400%₹56,484.92₹919,852.53
6₹27,326.48₹16,594.861,400%₹67,216.53₹903,257.67
7₹27,326.48₹16,788.471,400%₹77,754.54₹886,469.2
8₹27,326.48₹16,984.341,400%₹88,096.68₹869,484.86
9₹27,326.48₹17,182.491,400%₹98,240.67₹852,302.38
10₹27,326.48₹17,382.951,400%₹108,184.19₹834,919.43
11₹27,326.48₹17,585.751,400%₹117,924.92₹817,333.68
12₹27,326.48₹17,790.921,400%₹127,460.48₹799,542.76
13₹27,326.48₹17,998.481,400%₹136,788.48₹781,544.28
14₹27,326.48₹18,208.461,400%₹145,906.5₹763,335.82
15₹27,326.48₹18,420.891,400%₹154,812.08₹744,914.93
16₹27,326.48₹18,635.81,400%₹163,502.75₹726,279.13
17₹27,326.48₹18,853.221,400%₹171,976.01₹707,425.91
18₹27,326.48₹19,073.171,400%₹180,229.31₹688,352.74
19₹27,326.48₹19,295.691,400%₹188,260.1₹669,057.04
20₹27,326.48₹19,520.811,400%₹196,065.76₹649,536.23
21₹27,326.48₹19,748.551,400%₹203,643.68₹629,787.68
22₹27,326.48₹19,978.951,400%₹210,991.21₹609,808.72
23₹27,326.48₹20,212.041,400%₹218,105.64₹589,596.68
24₹27,326.48₹20,447.851,400%₹224,984.27₹569,148.83
25₹27,326.48₹20,686.411,400%₹231,624.34₹548,462.43
26₹27,326.48₹20,927.751,400%₹238,023.07₹527,534.68
27₹27,326.48₹21,171.911,400%₹244,177.64₹506,362.77
28₹27,326.48₹21,418.911,400%₹250,085.2₹484,943.86
29₹27,326.48₹21,668.81,400%₹255,742.88₹463,275.06
30₹27,326.48₹21,921.61,400%₹261,147.76₹441,353.46
31₹27,326.48₹22,177.351,400%₹266,296.88₹419,176.11
32₹27,326.48₹22,436.091,400%₹271,187.27₹396,740.02
33₹27,326.48₹22,697.841,400%₹275,815.9₹374,042.18
34₹27,326.48₹22,962.651,400%₹280,179.73₹351,079.53
35₹27,326.48₹23,230.551,400%₹284,275.66₹327,848.98
36₹27,326.48₹23,501.571,400%₹288,100.56₹304,347.41
37₹27,326.48₹23,775.761,400%₹291,651.28₹280,571.65
38₹27,326.48₹24,053.141,400%₹294,924.62₹256,518.51
39₹27,326.48₹24,333.761,400%₹297,917.33₹232,184.75
40₹27,326.48₹24,617.651,400%₹300,626.16₹207,567.1
41₹27,326.48₹24,904.861,400%₹303,047.77₹182,662.24
42₹27,326.48₹25,195.421,400%₹305,178.83₹157,466.82
43₹27,326.48₹25,489.361,400%₹307,015.94₹131,977.45
44₹27,326.48₹25,786.741,400%₹308,555.68₹106,190.71
45₹27,326.48₹26,087.581,400%₹309,794.57₹80,103.13
46₹27,326.48₹26,391.941,400%₹310,729.11₹53,711.19
47₹27,326.48₹26,699.851,400%₹311,355.74₹27,011.34
48₹27,326.48₹27,011.341,400%₹311,670.87₹0

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Formula for calculating EMI

You can calculate your EMI Amount with the help of the mathematical formula given below: EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1] where P, R, and N are the variables. This also means that the EMI value will change every time you change any of the 3 variables. Let’s discuss these 3 variables in detail. ‘P’ stands for the ‘Principal Amount’. The principal amount is the original loan amount given to you by the bank on which the interest will be calculated. ‘R’ stands for the rate of interest set by the bank. ‘N’ determines the number of years given for the repayment of the loan.

How does an EMI Calculator work?

An EMI Calculator is a handy tool that calculates the monthly amount payable to the lender (Bank). To calculate the EMI applicable on your loan amount, you need to use the sliders above and adjust the values for principal Amount (P), Time duration (N), and Rate of interest (R). Follow these steps to calculate your EMI Amount: input Loan Amount input Loan Tenure in Months using slider input the Interest Rate

EMI will be calculated instantaneously when you provide all required inputs.

Principal Loan Amount

This is the original amount lent to you by the bank/lender. The loan amount will depend on your need and the purpose of the loan. Higher the loan amount, higher will be the EMI.

Tenure

The tenure of a loan refers to the total time given for the repayment of the loan. Since the repayment is done every month, the tenure is calculated in months and not in years. So, a tenure of 2 years is equal to 24 months. The

Rate of Interest

This is the rate at which the interest is charged on the principal loan amount. The interest rate varies depending on the type of loan taken and the lender (bank) from which the loan has been taken. The rate of interest has a direct bearing on your EMI amount; hence, it is important to compare interest rates across banks before opting for a loan.

Factors Affecting Personal Loan EMI

There are several factors which affect the EMI calculation. Since the EMI broadly depends upon the principal amount, tenure, and the rate of interest. Any change in these variables can cause a change in the EMI amount. Prior to this, one should know that there are many other factors upon which the Personal loan (amount) granted may vary. For instance, your Credit Score. The more the credit score the better chances of getting the Personal loan (amount). Hence, you can manage your credit score by paying your credit card bills on time and keeping the credit card balance low. Besides, there are other criteria upon which the loan amount granted may differ from bank to bank, like

  • Income Proof
  • Investment statements
  • Stable Employment history
  • Housing history
  • Debt-to-income ratio
  • Social media

Top Funds for 2022

*Best funds based on 3 year performance.

1. Aditya Birla Sun Life Digital India Fund

(Erstwhile Aditya Birla Sun Life New Millennium Fund)

A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend.

Aditya Birla Sun Life Digital India Fund is a Equity - Sectoral fund was launched on 15 Jan 00. It is a fund with High risk and has given a CAGR/Annualized return of 11.6% since its launch.  Ranked 33 in Sectoral category.  Return for 2021 was 70.5% , 2020 was 59% and 2019 was 9.6% .

Below is the key information for Aditya Birla Sun Life Digital India Fund

Aditya Birla Sun Life Digital India Fund
Growth
Launch Date 15 Jan 00
NAV (04 Aug 22) ₹118.28 ↑ 1.24   (1.06 %)
Net Assets (Cr) ₹2,939 on 30 Jun 22
Category Equity - Sectoral
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk High
Expense Ratio 2.56
Sharpe Ratio -0.21
Information Ratio 0.93
Alpha Ratio -3.4
Min Investment 1,000
Min SIP Investment 100
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jul 17₹10,000
31 Jul 18₹13,792
31 Jul 19₹13,979
31 Jul 20₹16,952
31 Jul 21₹32,139
31 Jul 22₹30,944

Aditya Birla Sun Life Digital India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for Aditya Birla Sun Life Digital India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Aug 22

DurationReturns
1 Month 7.2%
3 Month -2.5%
6 Month -13%
1 Year -3%
3 Year 31.9%
5 Year 25.9%
10 Year
15 Year
Since launch 11.6%
Historical performance (Yearly) on absolute basis
YearReturns
2021 70.5%
2020 59%
2019 9.6%
2018 15.6%
2017 22.4%
2016 -3.5%
2015 11.2%
2014 21.1%
2013 50.2%
2012 3.7%
Fund Manager information for Aditya Birla Sun Life Digital India Fund
NameSinceTenure
Kunal Sangoi15 Jan 148.55 Yr.

Data below for Aditya Birla Sun Life Digital India Fund as on 30 Jun 22

Equity Sector Allocation
SectorValue
Technology77.61%
Communication Services10.25%
Industrials6.41%
Consumer Cyclical0.8%
Asset Allocation
Asset ClassValue
Cash4.93%
Equity95.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
25%₹725 Cr4,958,401
↑ 148,532
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 05 | TCS
10%₹286 Cr875,450
Tech Mahindra Ltd (Technology)
Equity, Since 31 May 13 | 532755
8%₹243 Cr2,433,618
↑ 502,456
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 10 | HCLTECH
8%₹236 Cr2,421,227
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 19 | BHARTIARTL
6%₹187 Cr2,734,997
↑ 183,327
MindTree Ltd (Technology)
Equity, Since 30 Nov 20 | 532819
4%₹106 Cr365,739
↑ 60,211
Wipro Ltd (Technology)
Equity, Since 31 Jan 21 | 507685
3%₹99 Cr2,370,817
↓ -941,071
Cyient Ltd (Industrials)
Equity, Since 31 May 14 | CYIENT
3%₹92 Cr1,221,725
Coforge Ltd (Technology)
Equity, Since 30 Jun 20 | COFORGE
2%₹69 Cr193,774
Mphasis Ltd (Technology)
Equity, Since 29 Feb 20 | 526299
2%₹64 Cr280,854
↓ -1,995

2. ICICI Prudential Smallcap Fund

(Erstwhile ICICI Prudential Indo Asia Equity Fund)

ICICI Prudential Indo Asia Equity Fund is an OE equity scheme that seeks to generate long term capital appreciation by investing in equity, equity related securities and or share classes/units of equity funds of companies, which are incorporated or have their area of primary activity, in the Asia Pacific region. Initially the Scheme will invest in share classes of International Opportunities Fund Asian Equity Fund and thereafter the Fund Manager of the Indo Asia Equity Fund may choose to make investment in listed equity shares, securities in the Asia Pacific region. However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Prudential Smallcap Fund is a Equity - Small Cap fund was launched on 18 Oct 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.9% since its launch.  Ranked 26 in Small Cap category.  Return for 2021 was 61% , 2020 was 22.8% and 2019 was 10% .

Below is the key information for ICICI Prudential Smallcap Fund

ICICI Prudential Smallcap Fund
Growth
Launch Date 18 Oct 07
NAV (04 Aug 22) ₹52.49 ↑ 0.07   (0.13 %)
Net Assets (Cr) ₹3,565 on 30 Jun 22
Category Equity - Small Cap
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.25
Sharpe Ratio 0.45
Information Ratio 0.81
Alpha Ratio 11.24
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jul 17₹10,000
31 Jul 18₹9,645
31 Jul 19₹8,863
31 Jul 20₹8,414
31 Jul 21₹17,943
31 Jul 22₹19,499

ICICI Prudential Smallcap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for ICICI Prudential Smallcap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Aug 22

DurationReturns
1 Month 7.6%
3 Month 5.8%
6 Month 1.7%
1 Year 9.8%
3 Year 30.8%
5 Year 14.8%
10 Year
15 Year
Since launch 11.9%
Historical performance (Yearly) on absolute basis
YearReturns
2021 61%
2020 22.8%
2019 10%
2018 -22.4%
2017 42.7%
2016 6%
2015 0.5%
2014 50.6%
2013 8.8%
2012 26%
Fund Manager information for ICICI Prudential Smallcap Fund
NameSinceTenure
Priyanka Khandelwal15 Jun 175.13 Yr.
Harish Bihani5 Nov 183.74 Yr.

Data below for ICICI Prudential Smallcap Fund as on 30 Jun 22

Equity Sector Allocation
SectorValue
Industrials24.04%
Consumer Cyclical17.98%
Financial Services10.47%
Health Care8.27%
Technology7.76%
Basic Materials6.06%
Real Estate5.84%
Communication Services5.49%
Consumer Defensive4.04%
Asset Allocation
Asset ClassValue
Cash7.92%
Equity92.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
INOX Leisure Ltd (Communication Services)
Equity, Since 31 Oct 18 | INOXLEISUR
4%₹155 Cr3,044,285
Mahindra Lifespace Developers Ltd (Real Estate)
Equity, Since 31 Aug 19 | MAHLIFE
4%₹145 Cr3,548,800
↓ -34,830
Rolex Rings Ltd (Industrials)
Equity, Since 31 Jul 21 | 543325
4%₹142 Cr907,357
↓ -2,388
KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI
4%₹128 Cr1,111,800
↓ -22,169
Jamna Auto Industries Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | JAMNAAUTO
4%₹126 Cr10,295,969
↓ -343,361
V-Mart Retail Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | VMART
3%₹112 Cr450,040
↑ 93,111
Cyient Ltd (Industrials)
Equity, Since 31 Aug 18 | CYIENT
3%₹111 Cr1,465,279
Birlasoft Ltd (Technology)
Equity, Since 31 Dec 20 | BSOFT
3%₹110 Cr3,117,926
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 19 | MCX
3%₹109 Cr835,046
Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Nov 18 | DIXON
3%₹108 Cr303,412
↑ 4,373

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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