Personal loan EMI calculator
The EMI and total cost of a personal loan — usually the priciest debt.
Quick answer
A personal loan EMI calculator shows monthly payment and total cost on unsecured loans, typically at 11–24% interest in India. Enter amount, rate, and tenure to see how fast interest adds up on short-term debt.
Monthly EMI
On a ₹5L loan at 12% over 48 months.
- Total interest
- ₹1,32,012
- Total you repay
- ₹6,32,012
- Interest is
- 26% of the loan
Rates & rules checked on 15 June 2026 · based on FY 2025-26 (AY 2026-27).
What this tells you
Personal loans are unsecured, so they carry the highest rates of any mainstream loan — often 11–24%. Model the true cost before treating one as easy money.
How it's calculated
Reducing-balance EMI. Because rates are high, total interest adds up fast even on short tenures — the note flags when interest exceeds the loan itself.
Common questions
- When does a personal loan make sense?
- For genuine emergencies or to consolidate costlier debt (like credit-card balances). Never to invest, and rarely for lifestyle purchases.
Jargon, explained
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Sources
For general education, not personalised financial advice. Verify current rates and rules before acting — tax laws and interest rates change.