Browse All Tools
HomeCalculatorsPDF ToolsDocument GeneratorsBlogAboutContact
Home/Calculators/Personal Loan Calculator

Personal Loan Calculator

Calculate EMI, view amortization schedule, and export as PDF

Last Updated: July 2026
Personal loan amount
Personal loan interest rate
Repayment period
Monthly EMI
—
Fixed monthly payment
Total Interest
—
Over entire tenure
Total Payment
—
Principal + Interest

Principal vs Interest Over Time

Yearly Summary

YearPrincipalInterestTotal PaidBalance

Monthly Amortization Schedule

MonthEMIPrincipalInterestBalance

Advertisement

What Is a Personal Loan Calculator?

A Personal Loan Calculator computes the EMI for unsecured loans used for weddings, travel, medical emergencies, debt consolidation, or any personal need. Personal loans have higher interest rates than secured loans since no collateral is involved.

At 12% for 3 years on a ₹5 lakh personal loan, you pay ₹98,000 in interest. This calculator shows the complete month-by-month breakdown so you can plan prepayments and understand the true cost of borrowing.

Personal Loan EMI Formula

EMI = P × r × (1+r)n / [(1+r)n −1]
P = Loan amountr = Monthly interest raten = Tenure in months

Frequently Asked Questions

What is the typical personal loan interest rate?
Personal loan rates range from 10% to 24% depending on credit score, income, employer, and loan amount. Excellent credit (750+) can get 10-12%. Average credit (650-750) gets 14-18%. Below 650 may face 20%+ or rejection.
How is personal loan different from other loans?
Personal loans are unsecured (no collateral), have higher interest rates (10-24%), shorter tenures (1-5 years), and faster approval (24-48 hours). They can be used for any purpose unlike home or car loans.
What charges apply on personal loans?
Processing fee (1-3% of loan), GST on fees, prepayment penalty (2-4% for fixed rate), late payment charges (2-3% monthly), and annual statement charges. Always check the effective interest rate including all fees.
Can I transfer my personal loan balance?
Yes, balance transfer is possible after 6-12 months of regular payments. You can save 1-3% on interest rate. However, consider the processing fee of the new lender and any foreclosure charges from the current lender.
How does credit score affect personal loan rate?
Credit score directly impacts your rate. 750+ gets the best rates (10-12%). 700-749 gets moderate rates (13-16%). Below 700 gets higher rates (17-24%) or may need a co-applicant. Check and improve your CIBIL score before applying.

Related Calculators

Home

Home Loan Calculator

Calculate housing loan EMI.

Car

Car Loan Calculator

Calculate auto loan EMI.

Eligibility

Loan Eligibility Calculator

Check loan eligibility.

Transfer

Balance Transfer Calculator

Compare balance transfer savings.

Found This Useful?

Share this calculator with friends comparing personal loan offers.

Try Another Calculator