Personal Loan EMI Calculator India 2025
Free Personal Loan EMI Calculator for Indians. Calculate your monthly EMI with accuracy. Estimate loan payments, interest rates, and compare different loan tenures.
Loan Summary
Loan Amount
₹5,00,000
Processing Fee
2% (₹10,000)
Interest Rate
12% p.a.
Loan Term
3 years
Personal Loan Analysis
Monthly EMI
₹16,607
Total Payment
₹6,07,858
Total Interest
₹97,858
Processing Fee
₹10,000
Interest to Principal Ratio
19.6%
Personal Loan Payment Breakdown
| Month | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| Start | ₹11,607 | ₹5,000 | ₹4,88,393 |
| Month 1 | ₹11,723 | ₹4,884 | ₹4,76,670 |
| Month 2 | ₹11,840 | ₹4,767 | ₹4,64,829 |
| Month 3 | ₹11,959 | ₹4,648 | ₹4,52,870 |
| Month 4 | ₹12,078 | ₹4,529 | ₹4,40,792 |
| Month 5 | ₹12,199 | ₹4,408 | ₹4,28,593 |
| Month 6 | ₹12,321 | ₹4,286 | ₹4,16,271 |
| Month 7 | ₹12,444 | ₹4,163 | ₹4,03,827 |
| Month 8 | ₹12,569 | ₹4,038 | ₹3,91,258 |
| Month 9 | ₹12,695 | ₹3,913 | ₹3,78,563 |
| Month 10 | ₹12,822 | ₹3,786 | ₹3,65,742 |
| Month 11 | ₹12,950 | ₹3,657 | ₹3,52,792 |
| Month 12 | ₹13,079 | ₹3,528 | ₹3,39,713 |
| Month 13 | ₹13,210 | ₹3,397 | ₹3,26,503 |
| Month 14 | ₹13,342 | ₹3,265 | ₹3,13,161 |
| Month 15 | ₹13,476 | ₹3,132 | ₹2,99,685 |
| Month 16 | ₹13,610 | ₹2,997 | ₹2,86,075 |
| Month 17 | ₹13,746 | ₹2,861 | ₹2,72,329 |
| Month 18 | ₹13,884 | ₹2,723 | ₹2,58,445 |
| Month 19 | ₹14,023 | ₹2,584 | ₹2,44,422 |
| Month 20 | ₹14,163 | ₹2,444 | ₹2,30,259 |
| Month 21 | ₹14,305 | ₹2,303 | ₹2,15,955 |
| Month 22 | ₹14,448 | ₹2,160 | ₹2,01,507 |
| Month 23 | ₹14,592 | ₹2,015 | ₹1,86,915 |
| Month 24 | ₹14,738 | ₹1,869 | ₹1,72,177 |
| Month 25 | ₹14,885 | ₹1,722 | ₹1,57,291 |
| Month 26 | ₹15,034 | ₹1,573 | ₹1,42,257 |
| Month 27 | ₹15,185 | ₹1,423 | ₹1,27,073 |
| Month 28 | ₹15,336 | ₹1,271 | ₹1,11,736 |
| Month 29 | ₹15,490 | ₹1,117 | ₹96,246 |
| Month 30 | ₹15,645 | ₹962 | ₹80,602 |
| Month 31 | ₹15,801 | ₹806 | ₹64,801 |
| Month 32 | ₹15,959 | ₹648 | ₹48,841 |
| Month 33 | ₹16,119 | ₹488 | ₹32,723 |
| Month 34 | ₹16,280 | ₹327 | ₹16,443 |
| Month 35 | ₹16,443 | ₹164 | ₹0 |
| Month 36 | ₹0 | ₹0 | ₹5,00,000 |
About this calculator
The Personal Loan EMI Calculator helps you estimate your monthly payments for a personal loan based on the loan amount, interest rate, loan term, and processing fee.
It shows you the breakdown of principal and interest payments over time, helping you understand the total cost of your personal loan and plan your finances accordingly.
Frequently Asked Questions
What is a Personal Loan EMI Calculator?
A Personal Loan EMI Calculator is a tool that helps you estimate your monthly Equated Monthly Installment (EMI) for a personal loan. It takes into account factors like loan amount, interest rate, and loan tenure to calculate your monthly payment, total interest payable, and total payment.
How is Personal Loan EMI calculated?
Personal Loan EMI is calculated using the formula: EMI = P × r × (1 + r)^n/((1 + r)^n - 1), where P is the loan amount, r is the monthly interest rate (annual rate/12), and n is the total number of months. The calculator also considers processing fees and other charges.
What is the maximum loan amount for a personal loan?
The maximum loan amount typically ranges from ₹10 lakh to ₹50 lakh, depending on your income, credit score, and employment type. Most lenders offer up to 24 times your monthly income as a personal loan.
What is the minimum credit score required for a personal loan?
Most lenders require a minimum credit score of 750 for personal loans. A higher credit score can help you get better interest rates and higher loan amounts. Other factors like income, employment history, and existing loans also affect eligibility.
What are the documents required for a personal loan?
Common documents required include: 1) Identity proof (Aadhaar, PAN) 2) Income proof (salary slips, bank statements) 3) Address proof 4) Employment proof 5) Bank statements. Requirements may vary by lender.
Important Information
Before applying for a personal loan, consider the following factors:
- Your monthly income and expenses
- Credit score and history
- Employment stability
- Existing loans and EMIs
- Processing fees and other charges
- Prepayment and foreclosure options
The calculator provides estimates only. Actual loan terms and conditions may vary based on your profile and lender policies.
Personal Loan Features
Key features of personal loans include:
- No collateral required (unsecured loan)
- Quick disbursement (usually within 24-48 hours)
- Flexible end-use (no restrictions on usage)
- Competitive interest rates
- Minimal documentation
- Flexible tenure options (1-5 years)
Compare offers from multiple lenders to find the best deal for your needs.
How to Use This Calculator
Step-by-Step Instructions
- Enter the loan amount
- Set the interest rate
- Choose the loan tenure
- Add processing fee (optional)
- Click Calculate to see EMI breakdown
Example Calculation
Example: For a ₹5,00,000 personal loan at 12% interest over 5 years, your monthly EMI would be ₹11,122.