Personal Loan EMI Calculator
Find the EMI on a personal loan, the total interest over the tenure and how prepayments shorten it.
- Free
- No sign-up
Enter the loan amount, rate and tenure to see your EMI.
Worked example
With these example inputs:
- Loan amount₹500,000
- Interest rate14%
- Tenure5 yr
Monthly EMI: ₹11,634
- Total interest₹198,048
- Total of payments₹698,048
- Payoff time5 yr
Frequently asked questions
Why are personal loan rates higher?
Personal loans are usually unsecured, so the lender takes on more risk and charges a higher rate than a secured loan like a home loan.
Does prepaying a personal loan save money?
Yes, paying extra cuts the outstanding principal and the interest that would accrue on it. Check for any prepayment fees first, then enter an extra amount to see the saving.