Personal Loan EMI Calculator

A personal loan EMI is the fixed monthly payment for an unsecured personal loan. Use this calculator to check your monthly outflow before applying. For example, a ₹5,00,000 personal loan at 13% p.a. for 5 years gives an EMI of about ₹11,377 per month, with total interest of ₹1,82,592. Personal loan rates are indicative and depend heavily on the lender and your CIBIL score.

📐 Loan Inputs

Adjust the loan amount, interest rate and tenure. Results update in real time as you change the values.

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% p.a.
years
📈 Monthly EMI
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Loan Amount
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Total Interest
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Total Payment
📊 Balance & Interest Over Time
🗓 Year-by-Year Schedule
YearPrincipal PaidInterest PaidBalance
❓ Frequently Asked Questions
What is the typical tenure for a personal loan?

Personal loans in India usually have tenures of 1 to 7 years. A longer tenure lowers the EMI but increases total interest paid.

What interest rate should I expect on a personal loan?

Indicative personal loan rates range from about 10% to 21% p.a. The rate depends on your income, employer and CIBIL score.

Is a personal loan secured or unsecured?

A personal loan is unsecured, so no collateral is required. Because of this, interest rates are usually higher than secured loans like home or car loans.

Does the calculator include processing fees?

No, the EMI shows principal and interest only. Lenders also charge a processing fee, which is not included in this figure.

Can I prepay a personal loan?

Yes, prepayment is usually allowed after a lock-in period of a few months, often with a prepayment penalty. Check the lender's terms before prepaying.

⚠️ Disclaimer

Interest rates shown are indicative and change frequently. This calculator is for estimation only - verify current rates and terms with your lender before applying. This is not financial advice.

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