Personal Loan EMI Calculator
Personal loans are unsecured, so rates are higher and tenures shorter than secured borrowing. Enter the amount, rate and tenure to see the EMI and what the loan costs you over its life.
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Calculator and results
A ₹4,00,000 loan at 14% over 4 years has an EMI of ₹10,931, and costs ₹1,24,662 in total interest.
Personal loan rates depend heavily on your credit score and income.
Monthly EMI
₹10,931
for 4 years
Principal
₹4,00,000
Total interest
₹1,24,662
Total payment
₹5,24,662
Principal vs interest
- Principal
- 76.2%
- ₹4,00,000
- Total interest
- 23.8%
- ₹1,24,662
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 1 year | ₹35,915 | ₹30,978 | ₹4,30,978 |
| 2 years | ₹19,205 | ₹60,924 | ₹4,60,924 |
| 3 years | ₹13,671 | ₹92,158 | ₹4,92,158 |
| 4 years | ₹10,931 | ₹1,24,662 | ₹5,24,662 |
| 5 years | ₹9,307 | ₹1,58,446 | ₹5,58,446 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
Saved scenarios stay in this browser only. No sign-up.
Monthly EMI
₹10,931
- What it is:
- An EMI calculator for unsecured personal loans.
- What it calculates:
- Monthly EMI, total interest and total repayment across common tenures.
Key Assumptions
- The EMI is computed on the sanctioned amount, not the amount credited after fees.
- Rates depend heavily on credit score and employer profile.
- Foreclosure charges are excluded.
How does the Personal Loan EMI Calculator work?
The EMI uses the same reducing-balance formula as any other loan. What differs is the rate, which reflects the absence of collateral and depends heavily on your credit score and income.
Lenders typically deduct a processing fee from the disbursal, so the amount credited to your account can be lower than the sanctioned amount even though the EMI is calculated on the full sanction.
Personal Loan EMI Calculator formula
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1)
- P
- = loan amount (principal)
- r
- = monthly interest rate = annual rate / 12 / 100
- n
- = tenure in months
At 0% interest the formula collapses to EMI = P / n, which is what no-cost EMI offers use.
Personal Loan EMI Calculator: worked example
A ₹4,00,000 personal loan at 14% for 4 years
- Loan amount
- ₹4,00,000
- Interest rate
- 14% a year
- Tenure
- 4 years
- Monthly EMI
- ₹10,931
- Total interest
- ₹1,24,662
- Total payment
- ₹5,24,662
Personal Loan EMI Calculator: frequently asked questions
What rate will I be offered?
Is the processing fee included in a personal loan EMI?
Can I prepay a personal loan?
Personal loan or credit card EMI?
Further reading
EMI and total interest on a ₹5 lakh personal loan over 1 to 5 years, with the salary you need to qualify and what prepaying saves.
Why a flat 10% and a reducing-balance 10% are not the same loan, how much more the flat structure costs, and where you meet it in India.
Calculate the exact monthly EMI and total interest for a ₹1 Lakh personal loan at 10.5% to 14% interest across 1, 2, 3, 4, and 5-year tenures.
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Reviewed by Pradipta Ray, MBA (Finance) · Updated