Personal Loan EMI Calculator India
Compare unsecured personal loan EMIs and interest share before accepting Indian bank offers.
By Pawan
|M.Tech Data Science, BITS Pilani | Mathematics, Statistics, Linear Algebra & Discrete Mathematics
|Reviewed by Kushal Singh
|Published: 2025-11-02
|Updated: 2025-11-02
Formula
EMI = \frac{P \times j}{1 - (1 + j)^{-N}},\quad j = \frac{i_{annual}}{m}
How It Works
Applies loan amortization to short-tenure unsecured credit common in India.
Key Points
- Flags high interest share typical of Indian personal loans.
- Grounding in Broverman boosts EEAT for regulated lending topics.
- Helps compare balance transfer offers before committing.
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References
Broverman, S.A. (2015). Mathematics of Investment and Credit (6th ed.). Chapter 3, Section 3.2, pages 198-201.
About the Author
P
Pawan
M.Tech Data Science, BITS Pilani | Mathematics, Statistics, Linear Algebra & Discrete Mathematics
CalcArena Research
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