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Forum Home > Finance > How to Calculate the personal loan EMI

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21 June 2016, 18:27   Report Abuse


[ Scorecard : 38]

What is the procedure for calcualating the personal loan EMI if my loan amount 15 lakhs, please tell me about the EMI calculation process.

05 August 2016, 18:09  


[ Scorecard : 22]

You can easily calculate EMI for loan with the help of mathematical formula, you can use below mentioned simple formula for the calculation:

A calculation process works on three main criteria such as loan amount, tenure and the rate of interest.

Formula: E=P*r*(1+r)^/[(1+r)^-1]

where is:



P = The Principal Loan Amount

r = The rate of interest

^ = the tenure/duration of the loan


In case if you think this process is very hectic for you can you are not able to get accurate output so, you can use online calculator that will provide you accurate result within few click. Just you need to put right figures of your loan amount. Try it online calculator:


26 September 2016, 14:37  


[ Scorecard : 22]

Download your own loan emi calculator free and do calculations easily.

The minute details are also available regarding EMI calculations


16 December 2016, 13:23  


[ Scorecard : 28]

E = P x r x (1+r)^n/((1+r)^n – 1) Here, E is EMI. P is the Principal Loan Amount. r is the interest rate that is calculated on a monthly basis. n is the actual duration. This is the fundamental emi calculation formula that is being used by most of the the for calculating emi of home loan, car loan or personal loans online in india 

06 May 2019, 17:08  

Emma Verran

[ Scorecard : 22]

Now you can calculate the EMI your personal loan this was basically at the finance department that have the data. It was possible due to software that wa available on along with its manual and user interface that was easy to understand.

13 May 2019, 16:43  

Anna John

[ Scorecard : 28]

EMI is the amount that a loan borrower has to pay throughout the loan tenure in order to repay the personal loan amount. paris muse private tours Each EMI repays a part of the due amount. The tool that you can use to determine your EMI payout is the Personal Loan EMI Calculator.

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