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 for any purpose. Because there's no collateral, interest rates are higher — so it's worth checking the total cost carefully.
How to Calculate
Uses the standard reducing-balance EMI formula. Personal loans typically run 1–7 years.
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.
Frequently Asked Questions
Why are personal loan rates higher?
Personal loans are unsecured u2014 the lender has no asset to fall back on u2014 so they charge a higher rate to cover the added risk.
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