Marriage Loan EMI Calculator
Plan monthly EMIs to pay for your marriage loan
Calculate your Marriage Loan EMIs
Enter details to get EMI amount, total payable amount and interest amount.
Loan Amount (in rupee)
10,000
5,00,000
Interest Rate (in %)
1
34
Loan Term (in months)
1
72
Total Interest Payable
Total Payment
(Principle + Interest)
Your EMI is
How Personal Loan helps during marriages
Say no to compromises and yes to your dream wedding. Use the wedding loan to pay for the venue, decoration, catering, jewellery, photography, etc and enjoy the flexibility to repay at your convenience. Get a personal loan for marriage expenses online within minutes and without pledging any collateral.
How to use the Marriage Loan calculator
Enter the loan amount you want to avail for wedding
Enter the wedding loan interest rate in months
Enter the number of EMIs to repay the marriage loan
Adjust values to arrive at the best wedding EMI plan
How Marriage Loan EMI calculator works
Here is the formula used to calculate EMI amount, total payable amount and interest amount:
E = P x R x (1+R)^N / [(1+R)^N-1], where
E is your marriage EMI amount
P is the amount you are borrowing from the marriage loan provider
R is the monthly interest rate
N is the no. of months of EMI payment
For example – Let’s say you want to avail a wedding loan of Rs. 5,00,000 for a period of 12 months at a monthly interest rate of 1%.
Then, P (loan amount) = Rs. 5,00,000
R (interest rate) = 1%
N (loan tenure) = 12 months
Thus, EMI = 500000 x 0.01 x (1+0.01)^12 / [(1+0.01)^12-1] = 44,336
So, your loan EMI amount would be Rs. 44,336 for 12 months.
Benefits of using an EMI calculator for Marriage Loan
With a marriage loan EMI calculator, you can adjust the tenure to figure out the EMI amount that works for you.
You can use the EMI calculator to compare loan offers from different marriage loan providers and choose the one that suits your needs.
Knowing EMI amount, total money payable and interest amount will help you decide how much loan should you take as the calculator clearly shows you the cost of the loan.
Blogs to enhance your knowledge
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Frequently asked questions
Marriage loan EMI is calculated using the formula P x R x [(1 + R) N / ((1 + R) N – 1].
P - loan's principal amount
R - rate of interest
N - loan's duration in months.
The repayment period for a wedding loan could be anywhere between a few months to a few years.
With Zype, you can choose a convenient EMI option of 3, 6, 9, or 12 months.
This is what you need to get a marriage loan from Zype:
- Be a salaried professional
- Have a minimum monthly salary of ₹15,000
Have a valid PAN Card & Aadhaar card