Personal Loan Calculator

About this Calculator

Use our free Personal Loan Calculator to calculate EMI, interest and total repayment instantly.

How Personal Loan Calculator Works

A personal loan is an unsecured loan repaid through monthly EMIs. This calculator helps you estimate EMI, total interest and repayment amount instantly.

Personal Loan EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

Where P = Loan Amount, R = Monthly Interest Rate, N = Loan Tenure in Months

Personal Loan EMI Example

If you take a personal loan of ₹5,00,000 at 12.5% for 5 years, your monthly EMI will be approximately ₹11,250.

Frequently Asked Questions

Is this personal loan calculator free?
Yes, it is 100% free.

Does this work for all banks?
Yes, it works for all banks and NBFCs.

Is prepayment included?
No, prepayment charges vary by lender.