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Calculate EMI repayments with SC Personal Loan EMI calculator
  1. Loans
  2. Personal Loan EMI Calculator

Plan your future with our Personal Loan EMI calculator

Our personal loan EMI calculator can help you check your monthly EMI, eligibility & so much more in just a few seconds!

Personal Loan Calculator

Easily calculate your Personal Loan EMI

Instant Approval

Instant approval on your SC personal loan application is a surety when you apply online.

Flexible solutions

Whether you are salaried or self-employed, you can avail of flexible repayment tenure options up to 60 months.

Attractive processing fee

Benefit from loan amounts up to INR 50 lakhs at attractive interest rates with a discounted processing fee for online applications. Terms and conditions apply.

Part payment facility

You may also avail of our part payment option on your loan up to a maximum of 25% of your outstanding in a year.

The personal loan calculator requires just two steps:
1) Enter a principal amount that is in between INR 1 lakh to INR 15 lakhs.
2) Enter a tenure that is in between the minimum and maximum tenure available.

The calculator will then determine your payable EMI amount according to your interest rate.

An EMI or equated monthly installment is a fixed amount to be paid by the loanee, every month, until the loan tenure is over and the amount borrowed is completely repaid with interest. EMIs are determined by the loan principal, the interest rate and the loan tenure.

EMIs are calculated using the formula – P x R x (1 + R)^ N] / [(1 + R) ^ N -1], where
P = Principal/loan amount
R = Rate of interest
N = Loan tenure in years
Or you could choose the loan EMI calculator instead and figure out your EMI easily, in just a few seconds.

Your personal loan’s principal amount, interest rate and loan tenure can affect your EMI. It is directly proportional to your loan amount and interest rate, increasing or decreasing as they do. However, it will reduce if you choose a longer tenure, and if your tenure is short, it will increase.

With the help of the personal loan EMI calculator online, you can work out your EMI, as well as the total loan repayment amount based on the principal you choose and your interest rate. This will determine how your repayment schedule will look like for the tenure of your loan.

The amount of your EMI will remain fixed throughout the tenure of your loan; this is one of the features that makes this form of credit so attractive, allowing you to plan your financial future with quite a level of certainty.

The tenure of your loan will have an inverse effect on the amount of your EMI. That is, with a longer loan repayment tenure, the number of installments will increase and hence the repayment amount for each EMI will reduce.

Your personal loan interest rate depends on certain criteria, such as your credit history, credit score and your monthly income. It is also determined by the amount of your loan and number of years for which you require your loan.

In the event that the payment was not made on time, there will be late payment charges levied. This will be as per the penalty rates mentioned during the time of the issuance of the loan.

VKYC, or simply Video KYC, is a feature that allows you to complete your KYC through a video from the comfort of your home while applying online for a Standard Chartered credit card, personal loan, or savings account. With this feature, our application process becomes even more simpler and completely contactless. Click here to learn more.