Personal Loan EMI Calculator
Calculate monthly EMIs for unsecured personal loans quickly and easily.
Personal Loan Breakdown
Your monthly personal loan costs:
Monthly EMI
The fixed cash outflow every month.
Interest Cost
The total markup interest you pay to the lender.
Repayment Sum
Total principal plus interest payable.
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How is it calculated?
E = P \times r \times \frac{(1 + r)^n}{(1 + r)^n - 1}Where P is Personal Loan Principal, r is monthly rate, and n is tenure in months.
Worked Examples
Personal Loan of ₹5 Lakhs at 12%
A loan of ₹500,000 at 12% interest rate for 5 years yields an EMI of ₹11,122 per month.
Frequently Asked Questions
Why are personal loan rates higher?
Personal loans are unsecured, meaning you do not provide collateral, so lenders charge higher rates to offset default risks.
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Results are estimates and should not be considered financial advice.