Personal Loan EMI Calculator
Calculate the EMI and total interest on a personal loan before you apply.
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What is the Personal Loan EMI Calculator?
A personal loan is an unsecured loan you can use for almost any purpose — a wedding, medical expense, travel or debt consolidation — without pledging any collateral. Because the lender takes on more risk with no asset to fall back on, personal loans typically carry noticeably higher interest rates than secured loans like a home or car loan, so it's worth comparing the total interest cost before signing up.
How to Calculate
Enter the loan amount, the interest rate offered, and your chosen tenure — personal loans in India typically run from one to seven years. The calculator applies the standard reducing-balance EMI formula to show your fixed monthly instalment, along with the total interest you'll pay over the life of the loan.
Formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
How to Use
- Enter your details in the fields above.
- The result updates instantly as you type.
- Use Copy, Print or Download PDF to save your result.