Personal Loan EMI Calculator

When fulfilling your dreams and ambitions, nothing should stand in your way, least of all – a lack of money. That is why digibank’s online personal loan EMI calculator makes it simple for you to calculate your monthly loan installments. So next time, when you want to travel to that exotic location or renovate your home or want to upgrade to the next big gadget, our Personal Loan EMI Calculator helps you figure out the right amount and duration.

With our Personal Loan EMI Calculator, enter the loan amount, rate of interest, and tenure of the loan – post which your EMI will be displayed immediately. Depending on your requirements, you can enter any loan amount between INR 20,000 to INR 15,00,000 with a repayment period of one to five years.

Our calculator is intuitive and straightforward – try it out now.

Calculate your Personal Loan EMI Instantly

(From 20,000 to 15 Lakhs)

(Starting at 10.99%)

(Minimum 12 and Maximum 60 months)


Get instant & paperless Personal Loans up to Rs. 15 lakhs

Frequently Asked Questions

The full form of EMI is Equated Monthly Installment, which is a fixed monthly payment. It is part of a larger outstanding loan, (which is paid back in smaller amounts) and paid over a fixed duration of time. Each EMI is dependent on the principal loan amount, loan duration, and rate of interest.

An EMI calculator is an online tool that helps you calculate your EMI based on your principal amount, rate of interest, and tenure.

An EMI calculator uses a simple formula to determine your EMI. The formula used is:

E = P * r * (1+r)^n / ((1+r)^n-1)

Here E stands for EMI, P is the principal loan amount, r is the rate of interest calculated monthly, and n is the tenure/duration of the Personal Loan.

An EMI calculator is a simple tool. Just enter the following information - loan amount, tenure (in months), and rate of interest. The calculator will use the information provided by you, run it against the EMI calculation formula, and inform you of the EMI amount you will have to pay every month.

It is always a good idea to calculate your EMI before applying for a loan. It can help you know an exact EMI amount that you will pay over the desired loan amount. That’s not all - digibank also has a Personal Loan EMI calculator to help you calculate your loan amount.

In simple terms, the principal amount is the total desired loan amount. It excludes interest rate figures. Here is an example to help you understand it better.

If you take a Personal Loan of INR 10 lakh for a tenure of 36 months at an interest rate of 13.25%, the principal amount will be INR 10 lakh. But you will need to pay an EMI, which will also consist of the payable rate of interest.

Hence, the loan EMI will be INR 33,814 per month. The total amount payable over the tenure will be INR 12,17,327.

Thus, even though you availed a loan amount of INR 10 lakh, but you will need to repay INR 12,17,327 (Principal + interest).


  • Interest Rate applied on the loan will depend on the prevailing rates at the time of Loan Booking.
  • Results generated by the calculator are indicative in nature. The Calculator is not intended to provide its user with results that are either certified by the Bank or are an obligation, assurance, warranty, undertaking or commitment of the Bank, under any circumstances. The Calculator is only a tool that assists the user arrive at results of various illustrative scenarios generated from data input by the user. The Bank is not responsible for any reason, for any errors in any outcome resulting from the use of calculator. The use of the calculator is entirely at the risks of the user. Results from the use of the calculator are not intended to be a substitute for financial statements and certificates and/or professional advice.