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Calculate Your Personal Loan EMI Instantly
10,000 9,99,998
12 Months 48 Months
11% 28%
A Personal Loan EMI Calculator helps you plan your borrowing smartly before you apply. Instead of guessing your monthly EMI, you can see the number in seconds and adjust it as per your budget.
Using an online personal loan EMI calculator on the DMI Finance website helps you:
Using a personal loan EMI calculator is one of the simplest ways to make an informed decision about your loan before you click âApply.â
Behind every EMI shown by a personal loan EMI calculator is a standard mathematical formula. Understanding it once can help you see how changes in loan amount, interest rate or tenure affect your EMI.
EMI Formula
The standard EMI formula for a personal loan is:
$$
EMI = \frac{P \times r \times (1+r)^n}{(1+r)^n – 1}
$$
Where:
Example: EMI Calculation
Letâs say Mr X wants to take a personal loan of âč5,00,000 for a tenure of 4 years (48 months) at an annual interest rate of 13%.
By applying the EMI formula, he can calculate his monthly EMI.
However, as you can see, doing this manually is quite complex and can easily become time-consuming and error-prone. Thatâs where an online Personal Loan EMI Calculator from DMI Finance makes things simple.
You just enter:
âŠand the EMI calculator displays the result instantly.
For this example, the approximate EMI amount comes to around âč13,410 per month.
Below is an EMI calculation example table for different personal loan amounts at a 13% p.a. interest rate with a 48-month (4-year) tenure.
Note: These are approximate EMIs, rounded for simplicity. Actual EMIs from the DMI Finance Personal Loan EMI Calculator may vary slightly due to precise calculations and rounding.
| Loan Amount (âč) | Interest Rate (p.a.) | Tenure (Months) | Approx. EMI (âč/month) | Total Amount Payable (âč) | Approx. Total Interest (âč) |
|---|---|---|---|---|---|
| 1,00,000 | 13% | 48 | 2,682 | 1,28,736 | 28,736 |
| 2,00,000 | 13% | 48 | 5,364 | 2,57,472 | 57,472 |
| 3,00,000 | 13% | 48 | 8,046 | 3,86,208 | 86,208 |
| 4,00,000 | 13% | 48 | 10,728 | 5,14,944 | 1,14,944 |
| 5,00,000 | 13% | 48 | 13,410 | 6,43,680 | 1,43,680 |
This example helps users quickly see how the EMI, total repayment, and total interest change as the personal loan amount increases, while keeping the interest rate and tenure constant.
You can invite users right below this table to try the DMI Finance Personal Loan EMI Calculator to get exact EMIs for their own loan amount, interest rate, and tenure.
When youâre comparing personal loan options, the lender (Banks & NBFCs) matters as much as the EMI. Hereâs why many customers choose DMI Finance for their personal loan needs:
When you use the DMI Finance Personal Loan EMI Calculator before applying for a DMI Finance personal loan, you get both clarity and convenience, before and after you apply.
To apply, you must meet the DMI Finance personal loan eligibility criteria:
Hereâs the step-by-step application process:
You will receive the funds directly into your bank (within 24â72 hours).
A personal loan EMI calculator is an online tool that helps you instantly calculate your monthly EMI based on three inputs: loan amount, interest rate, and tenure. Instead of doing manual math, you get an instant, error-free EMI and an idea of the total interest youâll pay over the loan period.
The DMI Finance Personal Loan EMI Calculator uses the standard EMI formula to show you:
You just enter the loan amount you want, select the interest rate and tenure, and the calculator updates the EMI in real time.
To use the DMI Finance Personal Loan EMI Calculator, you only need:
You donât need to share any personal details just to see your EMI.
Yes, the DMI Finance Personal Loan EMI Calculator is completely free to use. You can use it as many times as you want to try different combinations of loan amount, interest rate and tenure before applying.
No, using the EMI calculator does not affect your credit score at all. It is just a planning tool. Your CIBIL score or credit score is not checked when you use the calculator – it is checked only when you actually apply for a loan and give consent.
The EMI for a personal loan is calculated using this formula:
$$
EMI = \frac{P \times r \times (1+r)^n}{(1+r)^n – 1}
$$
Where:
The DMI Finance Personal Loan EMI Calculator uses this formula in the background and shows you the result instantly.
You should use an EMI calculator before taking a loan to:
Itâs one of the simplest ways to borrow responsibly.
You can reduce your personal loan EMI by:
The DMI Finance Personal Loan EMI Calculator lets you play with these variables to see how each choice changes your EMI.
If you increase the tenure, your EMI goes down, but you pay more total interest over time. If you decrease the tenure, your EMI goes up, but your total interest cost reduces.
The EMI calculator helps you visually balance affordable EMI today vs total cost over the full tenure.
No, the EMI calculator only shows the EMI and total repayment; it does not check eligibility.
For eligibility, DMI Finance generally looks at factors such as:
You can use the EMI calculator to plan, and then proceed to check your actual eligibility on the DMI Finance website or app.
The EMI shown by the calculator is an estimate based on the values you enter. Your final EMI will be based on:
The calculator gives you a good approximation, but the final numbers will be confirmed in your sanction letter / Key Facts Statement (KFS).
The DMI Finance Personal Loan EMI Calculator is designed specifically for unsecured personal loans with fixed interest rates and tenure. While the math is similar for other fixed-rate loans, you should refer to product-specific calculators if available (e.g., for business loans or loans against property) to get the most accurate view.
The standard EMI calculator shows EMI and total cost, assuming you pay EMIs for the full tenure. It does not directly factor in prepayments.
However:
Yes, the DMI Finance Personal Loan EMI Calculator is designed to work smoothly on mobile, tablet and desktop. This makes it easy to check EMIs on the go, even while comparing offers or planning budgets.
The DMI Finance EMI Calculator is helpful because it:
Itâs a quick planning tool that supports informed and responsible borrowing.
