Personal Loan EMI Calculator
Calculate your personal loan EMI with this calculator. Defaults (e.g. 5 lakh, 5 years, 12% rate) suit many personal loans—adjust as per your offer. Results update as you change the inputs.
Know your exact EMI, instantly
Plan your loan with accurate monthly instalments. See how rate and tenure affect your EMI and total interest in real time.
- Accurate formula
- No data stored
- Instant calculation
₹1L – ₹500L
For ₹20,00,000 at 9.5% p.a. over 20 years.
Principal
₹ 20,00,000
Total interest
₹ 24,74,229
Total payment
₹ 44,74,229
Compare scenarios
Current plan
₹ 18,642/month
Total interest: ₹ 24,74,229
Better scenario
Shorter tenure (15 years)
₹ 20,884/month
Higher EMI, but less interest over time.
Interest saved: ₹ 7,15,020
Smart insight
A large share of your payment is interest. Consider a lower rate or shorter tenure to save significantly.
Amortization schedule
Calculate your personal loan EMI with this calculator. Defaults (e.g. 5 lakh, 5 years, 12% rate) suit many personal loans—adjust as per your offer. Results update as you change the inputs.
Personal loan EMI uses the standard reducing-balance formula. The amortization schedule shows how much of each EMI goes to principal vs interest over the tenure.
What is a typical personal loan tenure?
Personal loans are often 1–5 years. Shorter tenures mean higher EMI but less total interest.
How does the interest rate affect EMI?
A higher rate increases both your EMI and total interest. Even a small rate difference can add up over the tenure.
Can I prepay a personal loan?
Many lenders allow prepayment, sometimes with a fee. Use our loan prepayment calculator to see the impact.
Trust & transparency
Trust & Transparency
Standard Bank Formula
This Personal Loan EMI Calculator uses the standard reducing balance formula used by banks and financial institutions.
Instant & Secure
All calculations are performed instantly within your browser. We do not store, track, or share your financial inputs.
No Hidden Assumptions
The calculator assumes a fixed interest rate and standard EMI structure unless specified otherwise.
Educational Estimation Tool
Actual EMI may vary slightly depending on lender policies, processing fees, and rounding rules.
Regular Accuracy Review
This tool is periodically reviewed to maintain formula accuracy and financial reliability.