# Tata Capital Personal Loan EMI Calculator

Loan Amount

Interest rate

%

1%

15%

Loan Duration

Yrs

1 Yr

30 Yrs

EMI

0

Principal Amount

Interest

Total Payable

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## What Is the Tata Capital Personal Loan EMI Calculator?

Tata Capital personal loan EMI calculator is an online tool that lets you calculate the Equated Monthly Installments (EMI) on a Tata Capital loan in advance. It is a free tool available to anyone who wants to measure their potential EMI based on the loan amount, interest rate, and tenure desired.

If you have a personal loan, you can use a personal loan EMI calculator to estimate the monthly amount you would need to pay your lender. Using variables such as the loan amount, interest rate, and loan tenure, an EMI calculator helps you estimate your EMI towards your loan. The calculator calculates quickly and accurately, saving time and effort. You can use the information to plan your budget and ensure a smooth loan repayment schedule.

Tata Capital offers personal loans of up to Rs 35 lakh for a maximum tenure of 6 years. They also provide an easy repayment solution through the Equated Monthly Instalment (EMI) plan.

## How Does the Tata Capital Personal Loan EMI Calculator Work?

The calculator is simple to use and doesn’t require any expertise. All you need to do is enter the principal amount, interest rate, and loan tenure, and the calculator will display the results instantly.

Use the steps below for the Tata Capitals personal loan EMI calculator.

• Open the calculator page on Angel One’s website or mobile app.
• Enter the principal loan amount.
• Enter the rate of interest.

The calculator will instantly display your EMI, total payable amount, and interest.

## What Is the Tata Capital Personal Loan EMI Calculator Formula?

The following is the Tata Capital personal loan EMI calculator formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,
P = principal amount
R = rate of interest in months
N = tenure or the number of years

Let's understand how the Tata Capital personal loan EMI calculator works with the help of an example.

Suppose the loan amount is Rs. 9 lakhs, the loan tenure is 6 years, and the interest rate is 9.5%. The EMI calculator will determine the monthly EMI as Rs.15,129, the total interest as Rs.1,89,283, and the total amount (principal and interest) as Rs.10,89,283.

## How to Use the Tata Capital Personal Loan EMI Calculator Online?

The online Tata Capital personal loan EMI calculator uses the following variables.

• Principal: It is the total loan amount you have borrowed and need to pay back along with interest at the end of the tenure.
• Rate of interest: The rate of interest is expressed as a percentage of the principal. It is the rate at which interest will be charged on your principal amount.
• Tenure: The tenure is the period within which you need to pay back the loan.

## Benefits of Using the Tata Capital Personal Loan EMI Calculator

• Time and effort: The manual method of calculating EMI is time-consuming and prone to error. The calculator saves valuable time and is error-free to ensure peace of mind.
• Accurate financial planning: You can use the online Tata Capital personal loan EMI calculator to plan the loan repayment schedule. Once you have it, you can use it to prepare a budget and repay the loan effortlessly.
• Comparing loan options: The online calculator can be used multiple times. By changing the variables, you can compare different loan amounts, tenures, and interest rates to find the most suitable option.

## Types of Personal Loans Offered by Tata Capital

One can take the Tata Capital personal loan for the following purposes -

• Personal Loan for Travel: Travel abroad or to any other place without burning your budget by availing of a personal loan from Tata Capital.
• Personal Loan for Medical Needs: You can apply for Tata Capital’s medical personal loan for medical emergencies.
• Personal Loan for Education: Tata Capital’s personal loan for education is available to help you meet expensive college fees.
• Personal Loan for Marriage: You can cover the expenses of your marriage with a personal loan from Tata Capital.
• Personal Loan for Home Renovation: It's a specialized personal loan to meet the expenses of your expensive home renovation projects.
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## FAQs

What is the Tata Capital personal loan EMI calculator?

The Tata Capital personal loan EMI calculator is an online financial calculator that helps individuals calculate the prospective EMI on a personal loan. Using variables such as principal amount, interest rate, and loan tenure, the calculator accurately estimates the EMI in a few seconds.

How to use the Tata Capital personal loan calculator?

The steps to use the Tata Capital personal loan calculator are simple -

• Visit the online calculator page on Angel One’s website.
• Enter the principal loan amount.
• Enter the interest rate.
• Type in the loan tenure
• The calculator will estimate the EMI instantly.
What is the Tata Capital personal loan EMI calculator formula?

Since it is an online tool, it uses a standard formula. Below is the Tata Capital personal loan EMI calculator formula.

E= [P x R x (1+R) ^N] / [(1+R) ^N-1]

Where,
P = principal amount
R = rate of interest
N = tenure or the number of years

Is the Tata Capital personal loan EMI calculator available for free?

Yes, it is a free tool for anyone who needs to calculate the EMI on a personal loan.

What is the current rate of interest on a Tata Capital personal loan?

The current interest rate on Tata Capital personal loans is 10.99% per year, as of June 2023. It is subject to change depending on the market.

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