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Calculate personal loan EMI, total interest, and total payment. Free tool for unsecured loan planning with instant results.
Quick and accurate loan calculations for India
Your Equated Monthly Installment (EMI) consists of two parts: the Principal amount and the Interest charged by the bank.
In the early years of your loan, a larger portion of your EMI goes towards interest. As you progress, the principal component increases.
The EMI Formula
Reduces total interest paid, though monthly EMI will be higher.
A higher down payment reduces the loan amount and interest burden.
Partial prepayments directly reduce the principal and total tenure.
A score above 750 can help you negotiate lower interest rates.
Personal Loan EMI Calculator for unsecured loans (10-24% rates). For medical, education, travel, debt consolidation.
Use our Personal Loan EMI to get accurate results instantly. You may also want to explore our EMI Calculator or Home Loan EMI.
The calculator uses the standard EMI formula to compute fixed monthly payments and provides a detailed amortization schedule showing the interest and principal components of each payment.
Enter your values
Input your personal loan emi parameters including principal amount, interest rate, and tenure.
Adjust parameters
Use the sliders or numeric inputs to fine-tune your values for accurate results.
View results
Your results update in real-time showing EMI, total interest, and total payment.
Explore details
Check the amortization schedule, charts, and download the PDF report for your records.
Where: E = EMI, P = Personal loan amount, r = Monthly interest rate, n = Number of monthly installments
1Monthly rate: 12/12/100 = 0.01
2EMI = ₹9,964 per month
3Total payment: ₹3,58,704
4Total interest: ₹58,704
Monthly EMI: ₹9,964
Our Personal Loan EMI uses the standard formula adopted by all major Indian banks and financial institutions. The calculation engine processes your inputs in real-time with 99.9% accuracy. All formulas are verified against official bank calculation methods and regulatory guidelines.
Last reviewed: 2026-06-14. We update our calculations whenever regulatory changes occur (tax slabs, interest rates, TDS rules, etc.).
Find answers to common questions about this calculator below.
For a ₹5 lakh personal loan at 12% interest for 3 years (36 months), the EMI is approximately ₹16,607 per month. Total interest paid would be ₹97,852.
Personal loan tenures in India typically range from 1 to 5 years. Some lenders offer up to 6 years for larger amounts or to existing customers with good credit history.
Personal loan interest rates range from 10% to 24% depending on your credit score, income, employer, and relationship with the bank. Rates above 20% are common for subprime borrowers.
At 12% for 3 years: ₹16,607/month. Interest ₹97,852.
10-24%. 750+ CIBIL gets 10-14%. Self-employed 14-18%.
12-60 months.
Allowed after 6-12 months. Charges 2-5%.
₹20,000-25,000/month. Loan 10-15× income.
750+ best rates. 700-749 possible. 650-699 limited.