How to calculate a personal loan EMI
- Type your loan amount, rate and tenure in place of the examples.
- Read the EMI and the total you will repay.
- Download the schedule or test a prepayment.
About this tool
Personal loans are shorter and usually have higher interest than home loans, so it helps to see the full cost before you sign. The boxes start with example values. Type your own amount, rate and tenure, and read the EMI, the total interest and the schedule. Processing fees are not included, so add them to the cost yourself.
Common questions
How do I know the real cost of a personal loan?
Add up the total interest shown here and any processing fee or insurance. Compare that with other offers for the same amount and tenure.
Can I use months instead of years?
Yes. Change the tenure unit to months, for example 18 months.
Does the lender's EMI match exactly?
Usually within a few rupees. Different rounding, day counts and fees can cause small differences.
Is it free to use?
Yes. There's no sign-up, and you can use it as often as you like.
Is my text uploaded anywhere?
No. This tool runs inside your browser, so what you enter stays on your device.
Do I need to install anything?
No. It works in your browser on a computer or a phone.