Personal Loan EMI Calculator
Calculate your personal loan EMI and view interest payment splits and declining balances.
Personal Loan Parameters
Repayment Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Ending Balance |
|---|---|---|---|---|
| Year 1 | ₹89,271 | ₹28,588 | ₹1,17,864 | ₹2,10,729 |
| Year 2 | ₹99,600 | ₹18,257 | ₹1,17,864 | ₹1,11,127 |
| Year 3 | ₹1,11,127 | ₹6,732 | ₹1,17,864 | ₹0 |
Check Best Unsecured Personal Loan Offers
Compare personal loan rates starting from 10.49% p.a. from top banks. Check your eligibility instantly without affecting credit score.
Calculation Methodology & Rules
Personal loans are unsecured and short (1–5 years), so rates are high and fees matter — the headline EMI isn't the full cost.
Worked example: ₹3 lakh personal loan at 14% for 3 years
If you take an unsecured personal loan of ₹3 Lakhs at a interest rate of 14% for a tenure of 3 years (36 months):
- Principal Loan Amount: ₹3,00,000
- Annual Interest Rate: 14% (Monthly rate r ≈ 1.167% per month)
- Loan Tenure: 3 Years (36 monthly installments)
- Monthly Personal Loan EMI: ₹10,253 / month
- Total Interest Payable: ₹69,118
- Total Repayment Amount: ₹3,69,118
Explore other loan guides and calculators:
- For standard payment comparisons, use the main EMI Calculator.
- Estimate loan limits with the Loan Eligibility Calculator.
- Check loan affordability based on your monthly income using the Loan Affordability Calculator.
Prepayment & Charges
Unlike housing loans, personal loans may carry foreclosure charges (typically 2-4% of outstanding principal) for early prepayment. Check loan conditions carefully.
Frequently Asked Questions
Personal loans are unsecured — there's no collateral — so lenders charge more, commonly 11–24%, to offset the higher risk.
Usually 1–5 years. Keeping it short limits the total interest, which adds up quickly at these rates.
Often a processing fee of 1–3% and possible foreclosure or prepayment charges. Factor these in to gauge the true cost of the loan.