EMI Calculator

  When planning your finances, understanding how much you need to pay every month for a personal loan is crucial. Whether you are borrowing ₹1 lakh to cover urgent expenses or ₹10 lakh for a major life goal, knowing your monthly EMI (Equated Monthly Instalment) can help you budget effectively, avoid overcommitting, and make informed borrowing decisions. This guide explains how personal loan EMIs work, how to calculate them, and why tools like a   personal loan EMI calculator   can simplify the process. What is a Personal Loan EMI and Why It Matters A personal loan EMI is the fixed amount you pay each month to your lender until your loan is fully repaid. It includes both: Principal amount  – the money you originally borrowed Interest  – the cost of borrowing, based on the interest rate For example, if you take a personal loan of ₹5 lakh at 12% annual interest for 5 years, your monthly EMI will combine the repayment of the ₹5 lakh principal plus interest calculate...