Calculate personal loan EMI, total interest, and monthly payments instantly. Find affordable loan amount based on your budget. Compare offers with our free personal loan calculator.
Calculate personal loan EMI in 3 simple steps:
Enter the personal loan amount you need (₹50K to ₹50L). Most banks offer instant approval for amounts up to ₹5 lakhs.
Enter interest rate (9-24%). Choose tenure from 1-30 years. Shorter tenure = higher EMI but lower total interest.
See monthly EMI, total interest, and minimum income required. Plan your finances accordingly.
Quick approval in minutes, up to ₹5L. Minimal documentation. Higher interest (14-18%). Best for emergencies.
For employed individuals. Lower rates (10.5-14%). Higher amounts (up to ₹40L). Requires salary slips and ITR.
For business owners. Rates 12-16%. Need business proof, GST, ITR. Up to ₹25L based on income.
For studies in India/abroad. Lower rates (9-12%). Moratorium period available. Up to ₹1.5Cr for foreign education.
Special loan for marriages. Rates 11-15%. Quick disbursal. Tenure up to 5 years. Covers venue, catering, jewelry.
For health emergencies. Instant approval. Rates 12-16%. Up to ₹10L. No collateral needed.
Calculate monthly EMI instantly. Know exact payment before applying for loan.
See minimum income required. Check if you qualify before applying.
Uses standard EMI formula. Results match bank calculations exactly.
Calculate in INR, USD, EUR, GBP, AED. Works for personal loans worldwide.
Compare EMI for different rates and tenures. Choose best loan offer.
Calculate loan EMI on any device. Plan finances on the go.
Personal loan is unsecured credit provided by banks/NBFCs for any purpose - medical, wedding, travel, debt consolidation. No collateral needed. Amount: ₹50K-₹40L. Tenure: 1-30 years. Interest: 9-24% depending on credit score.
Current rates (2025): 10.5-14% for good credit (750+ score), 14-18% for average credit (650-750), 18-24% for low credit (<650). PSU banks: 10.5-12%, Private banks: 11-15%, NBFCs: 13-24%.
Banks approve loans where EMI is max 50% of salary. ₹50K salary = max ₹25K EMI = ~₹8L loan at 12% for 3 years. Actual eligibility depends on existing EMIs, credit score, and bank policy.
Salaried: Aadhaar, PAN, 3 months salary slips, 6 months bank statement. Self-employed: Aadhaar, PAN, 2 years ITR, business proof, bank statements. Additional: Employment letter, Form 16, credit report.
Yes, prepayment allowed but charges vary. PSU banks: No charges. Private banks: 2-5% prepayment fee. NBFCs: 3-6% penalty. Check loan agreement. Prepay early to save maximum interest.
Processing fee: 1-3% of loan amount + GST. Example: ₹5L loan = ₹10K-₹15K processing fee. Charged upfront before disbursal. Non-refundable even if loan rejected. Some banks waive during festive offers.
Tips: Improve credit score (>750), reduce existing EMIs, add co-applicant, choose longer tenure, show stable income, clear old dues, maintain good banking relationship, provide complete documents.
Personal Loan: Lower interest (11-14%), fixed EMI, lumpsum amount, planned expenses. Credit Card: Higher interest (36-42% annualized), flexible use, revolving credit. Use personal loan for large planned expenses, credit card for daily spending.
