What this calculator does

Estimates monthly EMI for unsecured personal loans in India. Use the calculator to understand monthly obligations for various loan amounts, rates, and tenures.

It provides a quick view of repayment impact to help with budgeting and lender comparisons. The page allows you to model shorter or longer tenures to see the trade-off between monthly affordability and total interest, and to compare multiple lender offers side by side by changing input values.

Who should use this calculator

• Individuals considering a personal loan
• Borrowers comparing monthly affordability
• Budget planners and advisors

How this calculator works

Input principal, annual interest rate, and tenure. The calculator assumes fixed rate repayments across tenure and computes EMI using standard amortization—no external rate lookups are performed.

This produces a level monthly payment and an amortization preview displaying the split between principal and interest for the early months versus the later months, helping you see how additional monthly payments or lump-sum prepayments change the schedule.

How to interpret the results

EMI is the monthly amount to repay the loan. Review the principal vs interest split to see how early payments are mostly interest. Consider prepayments to reduce tenure and interest cost.

When deciding on a loan, evaluate both monthly affordability and the cumulative interest cost. Small increases in monthly payment can produce large interest savings over multi-year loans.

Example

A ₹2,00,000 personal loan at 12% annual interest for 3 years yields an EMI of about ₹6,640 per month (estimate). If you extend tenor to 5 years, the EMI falls but total interest grows; conversely, paying a slightly higher EMI can cut years from the schedule and save substantial interest.

Limitations & disclaimer

This is an estimate only and not a loan offer. Fees, processing charges, and lender-specific terms may change monthly obligations. Not financial advice—consult lenders for final terms.