Technical Mitra Personal Loan EMI Calculator: Detailed User Guide

Hello! If you’re planning to take a personal loan, Technical Mitra’s EMI Calculator is a fantastic tool to help you. It quickly calculates your monthly EMI (Equated Monthly Installment), total interest, payment breakdown, and amortization schedule. It’s completely free, easy to use, and works great on mobile devices.

This guide explains all features step by step in simple terms. Whether you’re a beginner or experienced, you’ll find it straightforward. If you have the calculator’s HTML code (from our earlier discussion), embed it on a webpage or blog. Let’s get started!

1. Opening and Setting Up the Calculator

• How to Start: This is a simple HTML file—open it in any web browser (like Chrome or Firefox). No apps or downloads needed.
• Design: The calculator appears in a clean white box with a light gray background. The main heading is “Personal Loan EMI Calculator,” followed by a short description.
• Mobile-Friendly: On smaller screens (under 600px), everything adjusts automatically—tables become scrollable, and text sizes shrink for easy reading.
• Smooth Animations: The calculator fades in when it loads, and results slide up smoothly when they appear.

2. Input Fields: Entering Your Details

There are three main input boxes. They’re pre-filled with sample values, but you can change them. Built-in checks ensure you enter positive numbers only.

Field Name	Description	Default Value	Tips/Range
Loan Amount (₹)	The total loan principal you want to borrow.	10,00,000	Minimum: 10,000 ₹. Uses Indian number format (e.g., 1,00,000).
Interest Rate (% p.a.)	Annual interest rate as a percentage.	6.5	Step: 0.1%, Minimum: 0.1%. Use real rates like 10-15%.
Loan Tenure (Years)	Loan duration in years.	5	Minimum: 1 year, Maximum: 30 years. Converts to months (e.g., 5 years = 60 months).

• Tip: When you click on a box, the border turns purple. Change values and hit the Calculate button to update.
• Validation: If a field is empty or negative, a pop-up alert says: “Please enter valid positive numbers for all fields.”

3. Calculate EMI Button: Getting Your Results

• How to Use: Fill in the fields, then click the blue “Calculate EMI” button. It darkens to purple on hover and lifts slightly for a nice touch.
• The Math Behind It: It uses the standard EMI formula: EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]
  • P = Loan Amount
  • r = Monthly interest rate (Annual Rate / 100 / 12)
  • n = Total months (Tenure × 12)
• What You See:
  • Monthly EMI: Displayed prominently, e.g., “₹ 19,506.00” in Indian currency format.
  • Visual Chart: A colorful donut chart shows Principal vs. Total Interest. Colors: Deep purple and light purple. Hover for exact amounts with currency.
  • Results Section: A new box opens below with all details.

4. Loan Summary Table: Quick Overview

Where It Appears: Right under the EMI and chart, under the “Loan Summary” heading.

Columns:
Detail What It Shows
Principal Amount Your original loan amount.
Total Interest Extra cost over the loan (Total Payment – Principal).
Total Payment Full amount you’ll repay (EMI × Total Months). Format: All in ₹ with two decimals (e.g., ₹ 10,00,000.00). On mobile, the table scrolls horizontally. Why It’s Useful: Gives you an instant snapshot of costs—no surprises! 5. Amortization Schedule: Detailed Payment BreakdownToggle Option: Use the “View Schedule” dropdown to switch between Yearly (default) or Monthly.

Yearly: Summarizes by year (principal paid, interest paid, total payment, remaining balance per year).Monthly: Breaks it down month by month (month number, year, principal paid, interest paid, total payment, balance).

How It Works: Select an option, and the table updates instantly. The heading changes too (e.g., “Monthly Amortization Details”).Table Structure (for Yearly): Year Principal Paid (₹) Interest Paid (₹) Total Payment (₹) Balance (₹) 2025 1,80,000.00 65,000.00 2,34,072.00 8,20,000.00

• • Monthly Adds: Extra columns for “Month” and “Year.”
  How It’s Calculated: Starts from the current year (e.g., 2025). Each month: Interest = Balance × Monthly Rate; Principal Paid = EMI – Interest; Balance updates. Early payments have more interest; later ones more principal.Scrolling: Long tables scroll side-to-side on mobile for easy viewing.

6. Download Features: Save Your Report

• Buttons: Two green buttons—”Download as PDF” and “Download as Excel.”PDF Download:
  • Content: Includes title (“Personal Loan Amortization Schedule – TechnicalMitra.com”), generation date (e.g., 26-Oct-2025), summary, and your chosen view’s table.Format: Clean A4 page with a grid table and purple headers. Includes page numbers.File Name: e.g., Personal_Loan_yearly_Amortization_TechnicalMitra_2025-10-26.pdf (based on view).
  Excel Download:
  • Content: One sheet with title, date, summary, headers, and table rows—all in currency format.File Name: e.g., Personal_Loan_yearly_Amortization_TechnicalMitra_2025-10-26.xlsx.
  Tip: Choose your view first—the download matches it. Great for sharing with advisors!

7. Extra Tips and Features

• Disclaimer: A small note at the bottom: “*This calculator is for illustrative purposes only. Consult a financial advisor for actual figures.” (It’s an estimate—always verify with your bank.)Interactive Chart: Hover for details; it resizes perfectly on mobile.Speed: Calculations are instant—no waiting.Customization: Easy to tweak colors or add features if you’re tech-savvy.Troubleshooting: If the chart doesn’t load, refresh the page. For download issues, check your browser settings.

8. Example: A Sample Calculation

• Inputs: Loan ₹10,00,000, Rate 6.5%, Tenure 5 Years.EMI: ≈ ₹19,506 per month.Total Interest: ≈ ₹1,70,360.Total Payment: ≈ ₹11,70,360.Yearly Breakdown: Higher interest in year 1, more principal repayment later.

This calculator makes financial planning simple and stress-free! If you need updates or have questions, drop a comment. Connect with Technical Mitra for more smart finance tools! 💪