Personal Loan CalculatorEMI
Before you sign, know exactly what you're committing to. Get your monthly EMI, total interest cost, and a full payment breakdown — in seconds.
Personal Loan EMI Calculator
Before you sign, know the real cost of borrowing
Common Lender Rates
Monthly EMI
₹17,089
Principal
₹5.00L
Total Interest
₹1.15L
₹5.00L
₹1.15L
Total Payable
₹6.15L
First Year — Month by Month
36 total months| Month | Principal | Interest | Balance |
|---|---|---|---|
| Month 1 | ₹11,255 | ₹5,833 | ₹4,88,745 |
| Month 2 | ₹11,387 | ₹5,702 | ₹4,77,358 |
| Month 3 | ₹11,520 | ₹5,569 | ₹4,65,838 |
| Month 4 | ₹11,654 | ₹5,435 | ₹4,54,184 |
| Month 5 | ₹11,790 | ₹5,299 | ₹4,42,394 |
| Month 6 | ₹11,928 | ₹5,161 | ₹4,30,466 |
| Month 7 | ₹12,067 | ₹5,022 | ₹4,18,400 |
| Month 8 | ₹12,207 | ₹4,881 | ₹4,06,192 |
| Month 9 | ₹12,350 | ₹4,739 | ₹3,93,842 |
| Month 10 | ₹12,494 | ₹4,595 | ₹3,81,348 |
| Month 11 | ₹12,640 | ₹4,449 | ₹3,68,709 |
| Month 12 | ₹12,787 | ₹4,302 | ₹3,55,921 |
Why Personal Loan Rates Are Higher
Unlike home loans (secured by property), personal loans are unsecured. Banks charge a higher rate to offset the risk. Typical Indian bank rates range from 10–36%.
Formula: EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ - 1]
where P = loan amount, r = monthly rate, n = total months.
💡 Before You Take a Personal Loan
- →Always compare the Effective Annual Rate (EAR), not just the nominal rate.
- →Check for processing fees (1–3% of loan) — these add to your real cost.
- →Avoid taking loans to fund lifestyle expenses.
- →Foreclosure charges can be 2–5% of outstanding balance — check the fine print.
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