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Loan Calculator ProEMI & Savings
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Personal Loan EMI Calculator

Personal loans carry the widest rate spread of any product in India. Compare offers properly — including the processing fee — before you sign.

Amount range
₹10.0 K – ₹50.0 L
Tenure
up to 7 years
Method
Reducing balance

Monthly EMI

₹11,249

for 5 yr · last instalment Sep 2031

Total Interest

₹1,74,938

₹0.35 interest per ₹1 borrowed

Fees + GST

₹11,800

Deducted upfront by the lender

Total Repayment

₹6,74,938

Principal + interest over the full term

Total Cost of Loan

₹6,86,738

Everything you pay, fees included

Where your money goes

Total repayment₹6.75 L
  • Principal72.8%
  • Interest25.5%
  • Fees + GST1.7%

Amortisation Schedule

60 instalments · every rupee accounted for

PeriodPaymentPrincipalInterestBalancePaid
2026(3 mo)₹33,747₹18,311₹15,436₹4,81,6894%
Oct 2026₹11,249₹6,041₹5,208₹4,93,9591.2%
Nov 2026₹11,249₹6,104₹5,145₹4,87,8562.4%
Dec 2026₹11,249₹6,167₹5,082₹4,81,6893.7%
2027(12 mo)₹1,34,988₹79,213₹55,775₹4,02,47620%
2028(12 mo)₹1,34,988₹89,702₹45,286₹3,12,77437%
2029(12 mo)₹1,34,988₹1,01,580₹33,408₹2,11,19458%
2030(12 mo)₹1,34,988₹1,15,031₹19,957₹96,16381%
2031(9 mo)₹1,01,241₹96,163₹5,078₹0100%

Monthly EMI

₹11,249

Total interest

₹1.75 L

Check the going rate first

Before you settle on a rate in the calculator, see what lenders are actually publishing for personal loans right now.

Personal Loan rates

Weighing up two offers?

Put both in the comparison tool. It ranks by total money out of pocket, so a low rate hiding a large processing fee has nowhere to hide.

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Personal Loan

Personal Loan questions, answered

What people ask most about personal loan EMIs, prepayment and total cost.

Personal loans are unsecured — there is no asset backing them — so pricing is driven almost entirely by the lender's assessment of you: credit score, income stability, employer category and existing obligations. This is why the same borrower can see offers spanning a very wide band, and why comparing the total cost across several lenders is worth the effort.

Many lenders levy a fee on early closure of a fixed-rate personal loan, and some impose a lock-in period before any prepayment is allowed. These charges are not modelled by this calculator — check your loan agreement, then compare the fee against the interest saving the calculator shows to decide whether prepaying is worthwhile.

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments. This is the reducing-balance method every Indian lender uses: interest each month is charged only on the balance still outstanding, so the interest portion of your EMI shrinks and the principal portion grows as the loan runs down.

Reducing the tenure almost always saves more money, because you stop paying interest sooner. Reducing the EMI keeps you paying for the original term and only lowers the monthly outgo. Choose tenure reduction if your cash flow is comfortable and you want the maximum interest saving; choose EMI reduction if your monthly budget is tight and breathing room matters more than the total saved. The calculator shows both outcomes side by side.

Yes, substantially. Interest is charged on the outstanding balance, so a rupee repaid in year 2 avoids interest for the remaining 18 years, while the same rupee in year 15 avoids only five years of it. On a typical 20-year home loan, a lump sum in year 2 can save several times what the identical amount saves in year 12.

Yes. The calculator applies your processing fee as a percentage of the sanctioned amount, adds GST on that fee (18% is the standard rate on financial services in India), and reports a Total Cost of Loan that includes both. This matters when comparing lenders: a bank offering a rate 0.1% lower but charging double the processing fee can easily be the more expensive option on a short tenure.

Yes. The comparison tool takes up to four lenders with independent amounts, rates, tenures, processing fees and part-payment plans, then ranks them by total outflow rather than by headline rate — which is the only comparison that reflects fees honestly. You can prefill the rates from our bank interest rates table.

A note on accuracy

This calculator applies the standard reducing-balance formula that Indian lenders use, and includes processing fee and GST in the total cost. It does not model late-payment penalties, insurance bundled into the loan, foreclosure charges, or any moratorium period. Your lender's sanction letter is the authoritative statement of your EMI and charges — treat these figures as a well-informed estimate for planning, not a quotation.