Personal Loan EMI Calculator
Calculate EMI and total cost for personal loans from any bank or NBFC.
Results are estimates. Actual EMI may vary by lender.
A personal loan is an unsecured loan — no collateral required — making it one of the fastest ways to access funds in India for medical emergencies, weddings, travel, home renovation, or debt consolidation. The personal loan EMI calculator helps you understand exactly how much you will pay each month and whether the loan fits within your repayment capacity.
📋 How to Use This Calculator
Enter the loan amount (Indian banks typically offer personal loans from ₹10,000 to ₹40 lakh), the interest rate (which varies significantly by lender and your credit profile), and the tenure (usually 12–84 months). The calculator shows your monthly EMI, total interest cost, and total repayment amount. Always compare the Annual Percentage Rate (APR) — not just the stated interest rate — across lenders, as processing fees and other charges can significantly increase the effective cost.
💡 Key Facts & Information
Personal loan interest rates in India range from 10.5% to 24% p.a. for salaried employees and higher for self-employed individuals. Banks like SBI and government lenders offer lower rates (10.5–13%) while private banks and NBFCs may charge 14–24%. Your CIBIL score is the most critical factor — a score above 750 typically qualifies you for the lowest rates. Income stability, employer category (government vs private), existing debt obligations, and repayment history all affect your rate. A ₹5 lakh personal loan at 15% for 3 years costs about ₹1.25 lakh in interest — always ask if a secured loan (against FD or property) could get you a lower rate.