Moneyview Personal Loan EMI Calculator

Before applying, it is helpful to estimate how much you will need to repay each month. The Moneyview Personal Loan EMI calculator automatically computes your EMI based on the loan amount, interest rate, and repayment tenure you select, making it easier to plan your finances.

The Moneyview Personal Loan EMI is calculated using the following formula:

EMI = [P × r × (1 + r)^n] / [(1 + r)^n − 1]

Where:

• P: Principal loan amount
• r: Monthly interest rate
• n: Loan tenure in months

Since EMI calculations involve multiple variables, using the calculator helps you get instant results without manual calculations.

Here are the EMI amounts for different personal loan amounts and tenures at an interest rate of 15.96% p.a., calculated using the Moneyview Personal Loan EMI calculator:

Here are the EMI amounts for different personal loan amounts and tenures at a 14% p.a. interest rate, calculated using the Moneyview Personal Loan EMI Calculator:

Disclaimer: The amounts mentioned above are for illustrative purposes only.

Before applying for a Moneyview Personal Loan, it is important to understand the applicable interest rate and charges. 

The table below provides an overview of the key borrowing costs:

Understanding the factors that affect EMI of your Moneyview Personal Loan can help you make informed decisions and manage your finances effectively:

• Credit Score

Creditworthiness plays a pivotal role in determining your EMI. Good credit scores allow you to enjoy lower interest rates and smaller EMIs. To keep your loan repayments within budget, make it a habit to check your CIBIL score regularly.

• Loan Amount

The loan amount has a direct impact on your EMI. Generally, a higher loan amount results in a higher EMI if the interest rate and repayment tenure remain unchanged. Borrowing only what you need can help you keep your monthly repayments manageable.

• Repayment Tenure

Your chosen repayment tenure significantly affects your EMI amount. A longer tenure generally reduces your monthly EMI but can increase the total interest paid over the loan term. Conversely, a shorter tenure may result in higher EMIs but can lower the overall interest cost.

• Existing Debt

Your current debt can affect timely loan repayments. It may increase your EMIs and negatively impact your creditworthiness, making it harder to qualify for future loans.

• Interest Rate

When choosing a loan, it is important to understand the interest rate. A floating interest rate causes EMI amounts to vary during the loan tenure, while a fixed interest rate keeps your EMI consistent throughout.

• Age and Income

Your age and income stability play a significant role in determining loan EMIs. If you lack a stable income or are nearing retirement, personal loan offers may decrease, and you may struggle to repay the EMI without a reliable income source.

To repay your Moneyview personal loan EMI, you can either opt for the auto-debit option or make manual payments through the Moneyview app.

If you choose the auto-debit option during the loan application, your monthly EMI will be automatically deducted from your account. If you have not enabled this service, you can still make manual payments by following these steps:

1. Download the Moneyview: UPI, Personal Loans app on your smartphone

2. Log in using your credentials

3. In the Loans section, click the ‘Pay’ button

4. Confirm the payment to complete the transaction