How to Use PM Vishwakarma Loan EMI Calculator

Using this calculator is very easy and helps you understand your monthly loan payment in advance.

Step-by-step process:

• 1. Select Loan Stage
  Choose the loan type:
  • First Loan → ₹1,00,000
  • Second Loan → ₹2,00,000
• 2. Check or Enter Loan Amount
  The amount is auto-filled based on your selection, but you can change it if needed.
• 3. Enter Interest Rate (%)
  By default, it is set around 5%, but you can modify it according to bank terms.
• 4. Enter Loan Tenure (Years)
  Select how many years you want to repay the loan (e.g., 2 or 3 years).
• 5. Click on “Calculate EMI”
  Instantly, the tool will show:
  • Monthly EMI
  • Total Interest
  • Total Payment

Example

If you select:

• Loan: ₹1,00,000
• Interest: 5%
• Time: 2 years

The calculator will show your monthly EMI and total cost, helping you plan your finances better.