🏦 Loan
Personal Loan EMI Calculator
Calculate your personal loan EMI instantly. Compare different loan offers by adjusting amount, interest rate and tenure to find the lowest cost option.
Personal Loan Details
₹10K₹50L
8%36%
6 mo84 mo
0%5%
Monthly EMI
₹--
per month
Loan Amount--
Processing Fee--
Total Interest--
Total Cost of Loan--
Effective APR--
Cost Breakdown
Principal
Interest
Fee
Formula
EMI = P × R × (1+R)N / [(1+R)N − 1]
Total Cost = (EMI × N) + Processing Fee
Effective APR ≈ stated rate + (processing fee / tenure)
Total Cost = (EMI × N) + Processing Fee
Effective APR ≈ stated rate + (processing fee / tenure)
Personal loans are unsecured and carry higher rates than home or car loans. Always compare the Effective APR (Annual Percentage Rate) — not just the interest rate — as it includes all fees.
Frequently Asked Questions
Personal loan rates in India range from 10-24% for salaried individuals with good credit scores. Banks offer 10.5-16%, NBFCs 14-24%, fintech lenders 16-36%. A CIBIL score above 750 gets you the lowest rates.
Personal loans: lower interest (10-18%), fixed tenure, structured repayment. Credit card EMI: higher effective rate (often 24-36% APR including GST on interest), more flexible. Personal loan is cheaper for amounts above ₹50,000.
(1) Maintain CIBIL score above 750. (2) Have a stable job with high income. (3) Negotiate with your existing bank. (4) Compare offers using loan aggregators. (5) Opt for a shorter tenure — some lenders offer lower rates for shorter loans.