Personal Finance
Personal Loan Calculator
Borrow Smart
Plan your personal loan — monthly payments, total interest, and affordability.
Loan Amount
$
Interest Rate
%
Loan Term
Processing Fee
%
Interest
0%
Monthly Payment
$0
principal + interest
Total Loan Cost
$0
Total Interest
$0
Processing Fee
$0
Total Repayment
$0
How the formula works
EMI = P × r × (1 + r)ⁿ / [(1 + r)ⁿ − 1]
- P = Principal (loan amount)
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Tenure in months (total number of EMIs)
- Processing Fee = P × (fee rate / 100) — added to total cost
- Total Repayment = EMI × n + Processing Fee