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With this easy-to-use calculator, you can plan your monthly payments in advance and avoid financial surprises.
Calculate your monthly installments with our Personal Loan EMI calculator - Get accurate Loan EMI and Personal Loan interest details instantly
Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.
₹ 30,000 to ₹ 2 Lakhs*
11.99% to 29.99% Annualised ROI
6 to 36 months
Flat 2.8%
ILLUSTRATION
For ₹ 75,000/- borrowed at Interest rate’ of 2% p.m. for 12 months (interest rate on reducing balance method), the payable amount would be processing fee’ ₹ 1500. Interest ₹ 10,103. The total amount to be repaid after a year will be ₹ 86,603.
*Interest rate and processing fees varies as per the products.
Several factors influence the calculation of personal loan EMI:
These tips can help you manage your Personal Loan repayment more effectively and keep your monthly commitments within your financial limits.
Enter the loan amount, tenure, and interest rate into the calculator to view your EMI.
Personal Loan EMI is calculated using this formula: EMI = [P x R x (1+R)^N] / [(1+R)^N-1], where P is the principal, R is the interest rate, and N is the number of months.
No, the calculator can be used for any Personal Loan by entering the relevant loan details.
TVS Credit offers flexible Personal Loans with better interest rates, fast approvals, minimal documentation and easy repayment options, making it an excellent choice for borrowers.
