🧮 Personal Loan Calculator – How Much EMI for ₹1 Lakh to ₹5 Lakh?
📅 Updated: May 2025
✍️ Published by: Vizzve Financial – Your Trusted Loan Guide
💡 Why You Need an EMI Calculator Before Taking a Loan
Before applying for a personal loan, it’s smart to calculate your EMI (Equated Monthly Installment) to plan your budget. Whether you’re borrowing ₹1 lakh or ₹5 lakhs, your EMI will depend on:
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📈 Interest Rate (usually 10% to 24%)
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📆 Loan Tenure (12 to 60 months)
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💰 Loan Amount (₹1 lakh to ₹5 lakh)
This blog helps you estimate your monthly payments instantly and choose a plan that works best.
📊 How EMI Is Calculated (Formula)
EMI Formula:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
Where:
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P = Loan Amount
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R = Interest Rate per month (Annual rate ÷ 12 ÷ 100)
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N = Tenure in months
💰 Quick EMI Table (Sample @ 13% Interest Rate)
| Loan Amount | Tenure | Approx EMI | Total Interest | Total Payable |
|---|---|---|---|---|
| ₹1,00,000 | 12 mo | ₹8,933 | ₹7,200 | ₹1,07,200 |
| ₹2,00,000 | 24 mo | ₹9,506 | ₹28,144 | ₹2,28,144 |
| ₹3,00,000 | 36 mo | ₹10,133 | ₹63,000 | ₹3,63,000 |
| ₹4,00,000 | 48 mo | ₹10,837 | ₹120,176 | ₹5,20,176 |
| ₹5,00,000 | 60 mo | ₹11,377 | ₹182,620 | ₹6,82,620 |
Use Vizzve’s EMI calculator to try different amounts & tenures: