Personal Loan Calculator

Worked Example: ₹5 lakh personal loan at 14% for 3 years

Personal loans are unsecured — rates are higher than home loans. Shorter tenure cuts total interest sharply.

Personal loans use the same EMI formula. Enter loan amount, interest rate, and tenure to see your repayment schedule.

What interest rate do personal loans charge?

Personal loan rates typically range from 10% to 24% per annum depending on credit score and lender.

What is the maximum personal loan tenure?

Most banks offer personal loans for 1 to 5 years.

Disclaimer

This calculator gives you an estimate only. It is not a promise of exact results.
This is general information, not personal financial, tax, or legal advice.
You are responsible for your own decisions. Talk to a qualified professional when it matters.
Banks and lenders may add fees, insurance, or a different interest method. Your real EMI can differ.

Period	Span	Total EMI	Principal	Interest	Balance
2026	7 payments	$119,622	$81,600	$38,021	$418,400
2027	12 payments	$205,066	$156,265	$48,801	$262,135
2028	12 payments	$205,066	$179,602	$25,464	$82,533
2029	5 payments	$85,444	$82,533	$2,911	$0

Personal loans are unsecured — rates are higher than home loans. Shorter tenure cuts total interest sharply.

Personal loans use the same EMI formula. Enter loan amount, interest rate, and tenure to see your repayment schedule.

What interest rate do personal loans charge?

Personal loan rates typically range from 10% to 24% per annum depending on credit score and lender.

What is the maximum personal loan tenure?

Most banks offer personal loans for 1 to 5 years.

Disclaimer

This calculator gives you an estimate only. It is not a promise of exact results.
This is general information, not personal financial, tax, or legal advice.
You are responsible for your own decisions. Talk to a qualified professional when it matters.
Banks and lenders may add fees, insurance, or a different interest method. Your real EMI can differ.