Personal Loan EMI Calculator

Runs in your browserCalculators#Finance

Work out the monthly EMI and total interest of a personal loan before you apply.

Quick fill

Sets a typical amount and tenure. Keep the rate your lender quotes.

Loan amount

₹3 lakh

Interest rate

Tenure

Up to 40 years (480 months).

Prepay every monthPay a fixed extra amount with each EMI to finish sooner.

Monthly EMI₹9,964For 3 years at 12% a year.

Principal83.6%₹3,00,000
Interest16.4%₹58,715
Total payable₹3,58,715

Year	Paid	Principal	Interest	Balance
1	₹1,19,572	₹88,325	₹31,247	₹2,11,675
2	₹1,19,572	₹99,526	₹20,045	₹1,12,149
3	₹1,19,572	₹1,12,149	₹7,423	₹0

How to use, limits & privacy

About Personal Loan EMI Calculator

Work out the monthly EMI on a personal loan and the total interest before you apply. It opens with an example of ₹3,00,000 at 12% for 3 years, an EMI of ₹9,964, which you replace with your own amount and the rate you are offered. See the full repayment schedule, compare shorter and longer tenures, and check what paying extra each month would save. It uses monthly reducing balance, the standard way EMIs are worked out, and runs in your browser.

How to Use

Enter the loan offer

Replace the example Loan amount, Interest rate and Tenure with the offer you have. Use Tenure in to enter months, for example 18 or 30.

Read the EMI and interest

Monthly EMI, the principal and interest split and Total payable update as you type. Copy summary copies the figures to share or save.

Try paying extra

Turn on Prepay every month and set Extra each month to see how much sooner you would finish and the interest saved, before any foreclosure fee.

See every EMI

Open Repayment schedule and choose Monthly to see each EMI split into principal and interest, or Download CSV to keep it.

Privacy & Processing

Mode: local
Files Leave Browser: Local tool processing; review details below
Max Input Size: Device memory limits
Account Required: No
Data Stored Locally: Nothing is saved; the CSV goes straight to your downloads.
Network Processing: Assets or models may require an initial download

Everything is calculated in your browser. Nothing you enter is uploaded.

Rules & Limitations

The 12% rate is only an example, not an offer. Personal loan rates vary widely with the lender and your credit score.
The rate must be a reducing-balance rate. If a lender or app quotes a flat rate, the real cost is much higher than the same number suggests.
Processing fees, GST on them, insurance and foreclosure charges are not included. A processing fee is often taken from the amount paid out, which raises the real cost.
Personal loans are usually fixed-rate, and many lenders charge a fee or set a lock-in period for closing early.

Top Suggestions

Checking the EMI on a loan for a wedding, medical bill or home repair
Comparing offers from banks, NBFCs and loan apps
Choosing a tenure that keeps the EMI within your monthly budget
Deciding whether to repay early from a bonus

Personal Loan EMI Calculator FAQ

What is the EMI on a ₹3 lakh personal loan for 3 years?

At 12% a year it is ₹9,964 a month. You pay ₹58,715 in interest, so the total comes to ₹3,58,715.

What is the difference between a flat rate and a reducing rate?

A flat rate charges interest on the full loan for the whole tenure. ₹3 lakh at 12% flat for 3 years means an EMI of about ₹11,333, the same as roughly 21% on a reducing balance. Always compare reducing rates.

Is a shorter personal loan tenure better?

It costs less overall but needs a bigger EMI. For ₹3 lakh at 12%, 2 years means ₹14,122 a month and about ₹39,000 interest; 5 years means ₹6,673 a month but about ₹1 lakh interest.

Can I close a personal loan early?

Often yes, but many lenders charge a foreclosure fee or allow it only after some months. On the example loan, ₹5,000 extra a month finishes it 13 months sooner and saves ₹22,213 in interest, before any fee.

Does a processing fee change the cost of my personal loan?

Yes. The fee is usually deducted from the money you receive, while the EMI is worked out on the full loan, so the effective cost is higher than the rate. This calculator does not include fees.