# Personal Loan EMI Guide: How to Estimate Monthly Payment

If youre taking a home loan, car loan, or personal loan, the first number that affects your monthly budget is the **EMI (Equated Monthly Installment)**.

## What is EMI?
EMI is the fixed amount you pay every month. It includes:
- **Principal** (the actual amount borrowed)
- **Interest** (the cost of borrowing)

## What you need to calculate EMI
To estimate EMI correctly, focus on these 3 inputs:
1. **Loan amount (P)**
2. **Interest rate (annual %)**
3. **Loan tenure** (months/years)

## Why comparing EMI options matters
Two loan offers can look similar, but the total interest can differ a lot.

Example idea:
- Shorter tenure  higher EMI but lower total interest
- Longer tenure  lower EMI but higher total interest

## How to use the EMI calculator
Use the tool to:
- Try 28 interest rates (e.g., 9.0% vs 9.5%)
- Compare tenures (e.g., 10 vs 15 vs 20 years)
- Pick an EMI that fits your monthly cash flow

Try it here: **/calculator/personal-loan-emi**

# Personal Loan EMI Guide: How to Estimate Monthly Payment

If youre taking a home loan, car loan, or personal loan, the first number that affects your monthly budget is the **EMI (Equated Monthly Installment)**.

## What is EMI?
EMI is the fixed amount you pay every month. It includes:
- **Principal** (the actual amount borrowed)
- **Interest** (the cost of borrowing)

## What you need to calculate EMI
To estimate EMI correctly, focus on these 3 inputs:
1. **Loan amount (P)**
2. **Interest rate (annual %)**
3. **Loan tenure** (months/years)

## Why comparing EMI options matters
Two loan offers can look similar, but the total interest can differ a lot.

Example idea:
- Shorter tenure  higher EMI but lower total interest
- Longer tenure  lower EMI but higher total interest

## How to use the EMI calculator
Use the tool to:
- Try 28 interest rates (e.g., 9.0% vs 9.5%)
- Compare tenures (e.g., 10 vs 15 vs 20 years)
- Pick an EMI that fits your monthly cash flow

Try it here: **/calculator/personal-loan-emi**