Personal Loan calculator is basically software that calculates the EMIs related to your personal loan. The personal loan calculator can also be called as personal loan EMI calculator. This little software available on almost all the loan websites and bank websites is a very useful tool for loan customers. It helps us decide from which bank to take loan, how much amount of loan and for how much time to take the loan. It helps you compare the loans from various banks. It is a very useful tool for researching about a personal loan.

In this software, you first have to fill all the text boxes in which generally there is a text box of loan amount in which you type the amount of loan you want to take, a loan tenure textbox in which you have to fill the time period you want to take loan for and then an interest rate textbox where you fill the rate of interest for the loan. After you have filled all these boxes you have to click on a submit button after which the calculator will show your calculated monthly EMI, Total Amount with Interest, Flat Interest Rate PA, Flat Interest Rate PM, Total Interest Amount and Yearly Interest Amount on the loan you want to take. Also there is a reset button which you click after a result is shown in order to make another calculation with different parameters.