Loans / Personal loan EMI calculator
Know your personal loan
before you borrow.
Compare the monthly cost and total interest of a personal loan using an amount, interest rate, and repayment tenure that fit your plan.
Your estimate
Monthly EMI
Over the life of your loan
Annual payment breakdown
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹1,46,422 | ₹54,300 | ₹3,53,578 |
| 2 | ₹1,65,811 | ₹34,911 | ₹1,87,767 |
| 3 | ₹1,87,767 | ₹12,955 | ₹0 |
Understand the result
How it works
The calculator converts your annual interest rate into a monthly rate and applies the standard EMI formula to your principal and number of monthly payments. Every payment contains both interest and principal, and the balance reduces over time.
Worked example: For a ₹5 lakh personal loan at 12.5% interest for 3 years, the estimated EMI is about ₹16,726 per month, before lender fees.
Good to know
Frequently asked questions
What affects personal loan EMI?+
Loan amount, annual interest rate, and repayment tenure determine EMI. Fees and insurance are separate lender charges.
Can I reduce personal loan EMI?+
A lower rate, larger down payment, or longer tenure can reduce monthly EMI, although a longer tenure may increase total interest.
Are personal loan rates fixed?+
Many personal loans use fixed rates, but terms vary by lender. Confirm whether your offered rate can change.
Does prepayment reduce interest?+
Prepaying principal can reduce future interest, but lenders may apply lock-in periods or prepayment charges.
Important: This calculator provides an estimate for planning and education. Actual rates, processing fees, insurance, prepayment charges, and repayment terms vary by lender. Confirm details with your lender.