Personal Loan EMI Calculator
Compare what you receive with what you repay.
Personal Loan EMI Calculator
Compare estimated cash received, monthly installments, and total financing cost.
Estimated loan summary
Estimated monthly installment
$334.54
- Loan amount
- $10,000
- Origination fee
- $500
- Estimated cash received
- $9,500
- Total of payments
- $12,043.31
- Total cost above cash received
- $2,543.31
Illustrative fixed-rate estimate only. Actual offers may include other fees, different APR conventions, insurance, or lender-specific terms. Compare the full disclosures before borrowing.
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What This Calculator Does
Estimate a fixed-rate personal-loan installment and compare the amount borrowed with cash received after the entered origination fee. This is a mathematical comparison, not an offer, approval, or recommendation to borrow.
How It Works
The estimate subtracts the percentage origination fee from the amount borrowed to show net proceeds. Monthly installments use a standard fixed-payment amortization formula. Total cost is all scheduled payments minus net cash received, so it includes both estimated interest and the entered origination fee.
Example
For a $10,000 loan with a 5% origination fee at 0% APR over 20 months, the fee is $500, net proceeds are $9,500, and the monthly installment is $500. The example excludes any other lender charges.
Formula
Loan amount × (1 − origination fee rate)M = P × r / (1 − (1 + r)^−n)At 0% APR, M = P / n.
(Monthly payment × number of payments) − net cash receivedReading the Results
Estimated Cash Received
Loan amount minus the percentage origination fee entered here.
Total Cost Above Cash Received
Scheduled payments less net proceeds; includes the modeled interest and origination fee but not other charges.
Frequently Asked Questions
What is a personal loan EMI?
It is a fixed monthly installment estimate for the entered amount, APR, and term. Actual lender calculations may include additional charges or different terms.
How does an origination fee affect the estimate?
This tool treats the fee as withheld from the loan proceeds. It reduces estimated cash received but does not reduce the amount scheduled for repayment.
Does the total cost include every lender charge?
No. It includes the modeled interest and entered origination fee only. Check the lender disclosure for all charges and the legally disclosed APR.
Is this a loan recommendation or approval?
No. It is an arithmetic estimate using your inputs and does not assess eligibility, affordability, or whether borrowing is suitable.