-->



Personal Loan Calculator

Personal Loan Calculator is a valuable online tool that helps you determine your Equated Monthly Instalments (EMI) and plan your loan effectively.




About Fintra’s Personal Loan Calculator

When you take a loan, the Equated Monthly Instalment (EMI) is a key factor in deciding the loan amount and tenure. Fintra’s online Personal Loan calculator makes it easy for you to instantly figure out your pay-outs and, therefore, plan your loan and repayment better.

How to use Fintra’s Personal Loan Calculator?

To obtain accurate results you need to provide the following data:

  1. Personal Loan Amount
  2. Time (Years)
  3. Personal Loan Annual Interest Rate 

When all data has been filled into the Fintra's House Rent Allowance HRA Calculator click on “Submit”, and instantly results will be displayed.

 

 

FAQs about Personal Loan

 

What does EMI stand for and what does it mean?
The full form of EMI is equated monthly instalments, and it is the amount a borrower must pay every month till the end of their loan tenure.

How is EMI calculated?
EMI is calculated using the formula: P x R x (1+R)^N] / [(1+R)^N-1]
where,

P= Principal or your loan amount
R= Rate of interest
N= Tenure (loan term in number of years)

How to use the personal loan EMI calculator?
Fintra’s personal loan calculator has been designed in a way that it can be used by anyone without even knowing the complex formulae to calculate monthly payments. All that is required is to enter three key inputs – loan amount, term and interest – and the calculator will automatically do the calculations for you.

Recommended Blogs

Browse more

Downloads