Calculate your monthly personal loan installments instantly
Our Personal Loan EMI Calculator lets you estimate your monthly installment instantly. The advanced mode also calculates the processing fee and shows the net amount you'll actually receive â giving you a complete picture of your loan cost.
Enter loan amount, interest rate and tenure. Get monthly EMI, total interest and payment schedule immediately.
Enter the processing fee percentage (typically 1â3%). The calculator shows you the exact net disbursed amount alongside the EMI, so there are no surprises.
Personal loan rates range from 10.5% to 24% p.a. depending on your lender, CIBIL score, income, and employment type. Compare at least 3â5 lenders before applying.
Most banks offer up to âš40â50 lakh depending on your income, credit score, and existing liabilities.
A one-time charge (typically 1â3% of the loan amount) deducted upfront by the lender. It reduces the net amount you receive, but EMI is calculated on the full loan amount.
Some lenders offer loans with lower scores, but at higher rates. A score above 750 typically gets the best rates.
Yes. Prepaying reduces your principal and saves significant interest, especially in early months when interest is highest.
EMI = [P Ã R Ã (1+R)^N] / [(1+R)^N â 1], where P = principal, R = monthly interest rate, N = number of months.