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Personal Loan EMI Calculator

Calculate EMI, total interest and payout for a personal loan.

Last updated: 8 Aug 2026

Quick answer

Your personal loan EMI is calculated on a reducing-balance basis from the loan amount, interest rate and tenure. For example, a ₹5 lakh loan at 12% for 5 years is an EMI of about ₹11,122. Enter your figures above for an instant EMI, total interest and total payment.

₹
% p.a.
years

Considering a personal loan? This personal loan EMI calculator shows your monthly instalment and the total interest — useful because personal loans usually carry higher rates than secured loans.

How to calculate personal loan EMI

  1. 1 Enter the personal loan amount.
  2. 2 Enter the interest rate (p.a.) and tenure in years.
  3. 3 We apply the reducing-balance EMI formula.
  4. 4 See your EMI, total interest and total payment.

Frequently asked questions

Why are personal loan rates higher?
Personal loans are unsecured (no collateral), so lenders charge higher interest — commonly 10.5%–24% depending on your profile.
What tenure is available for personal loans?
Personal loan tenures typically range from 1 to 5–7 years.
Can I prepay a personal loan?
Usually yes, though some lenders charge a foreclosure fee; prepaying reduces total interest.

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