💼 Personal Loan EMI Calculator

Calculate your Personal Loan EMI instantly with our free online calculator. Get detailed payment schedule, total interest payable and plan your finances effectively.

Personal Loan Details

₹5,00,000
₹50K ₹50L
%
10% 25%
Years
1Y 7Y
2.0%
₹0 ₹50K

Personal Loan EMI Results

Monthly EMI

₹11,234

Total Interest Payable

₹1,74,040

Total Payment

₹6,74,040

Processing Fee

₹10,000

Payment Breakdown

Principal: 74.2%
Interest: 25.8%

💡 Personal Loan Insights

Your EMI is ₹11,234 per month. You'll pay ₹1,74,040 as interest over 5 years.
Recommended monthly income: ₹28,085 for comfortable repayment.

Annual Payment Schedule

Detailed Payment Schedule

Click on any year row to expand monthly details
Year/Month EMI Payment Principal Interest Balance

💼 Personal Loan Benefits

  • • No collateral required
  • • Quick approval & disbursal
  • • Flexible end-use
  • • Fixed interest rates

💰 Get Better Rates

  • • Maintain good credit score
  • • Show stable income
  • • Compare multiple lenders
  • • Consider shorter tenure

📋 Documentation

  • • Income proof & bank statements
  • • Identity & address proof
  • • Employment verification
  • • Credit history documents

Personal Loan EMI Calculator - Complete Guide

How Does Personal Loan EMI Calculator Work?

Our Personal Loan EMI Calculator helps you calculate the monthly installment for your personal loan based on loan amount, interest rate, and tenure. The calculator also factors in processing fees to give you the complete cost overview.

Personal Loan EMI Formula

EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]

Where P = Principal loan amount, r = Monthly interest rate, n = Number of months

Benefits of Using Personal Loan EMI Calculator

  • • Quick Planning: Instant calculation of monthly commitment
  • • Compare Options: Evaluate different loan amounts and tenures
  • • Total Cost Analysis: See complete interest and fee breakdown
  • • Budget Management: Plan monthly finances effectively

Personal Loan Eligibility Factors

Income Criteria

Minimum ₹25,000/month for salaried, ₹3L+ annual income for self-employed

Age Limit

21-60 years for salaried, 25-65 years for self-employed

Credit Score

Minimum 700+ for approval, 750+ for best rates

Employment

Minimum 2 years experience, stable employment required