Personal Loan EMI Calculator
Monthly EMI for a personal loan
Year-by-year repayment schedule
| Year | Principal | Interest | Balance | Paid |
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About Personal Loan EMI Calculator
Personal loans are unsecured, so rates are higher (often 10.5–24%) and tenures shorter (1–5 years). Compare processing fees as well as the rate. The calculator is pre-filled with a typical personal loan of ₹3,00,000 at 12% for 3 years, which works out to an EMI of about ₹9,964 a month. Change any value to match your offer.
- Enter the loan amount you want to borrow.
- Enter the annual interest rate offered by the lender.
- Enter the tenure in years. Results update as you type.
- Compare the monthly EMI, total interest and total payable amount.
Frequently asked
What is the EMI on a ₹3,00,000 personal loan?
At 12% for 3 years it's about ₹9,964 a month, with total interest of about ₹58,715.
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate and n the number of months.
How can I reduce my EMI?
Choose a longer tenure, negotiate a lower rate, or make a larger down payment. Prepaying part of the loan also cuts total interest.
Is what I type sent to a server?
No. The tool runs entirely in your browser and there's no server behind it, so what you type never leaves your device and nothing is stored. You can check: it keeps working if you go offline after the page has loaded.
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