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Personal Loan EMI Calculator

India – EMI

Personal loan EMI calculator

Enter principal, annual interest rate, and tenure to estimate monthly EMI and total interest for unsecured personal loans.

EMI planner

Loan details

Month count starts at 1 when the loan begins. Example: if the loan starts Dec 2015 and you prepay in Nov 2026, set month to 131 and enter that lump sum amount.

Calculated instantly; no data stored.

Monthly EMI

$21,696

Base payment (before extra)

Payoff timeline

17 yrs 10 mo

Base: 20 yrs

Interest saved with prepayment

$427,457

26 months saved

Breakdown

Total payable (base)

$5,206,939

Total interest (base)

$2,706,939

Total payable with extra

$4,779,482

Total interest with extra

$2,279,482

Amortization schedule

Interactive amortization chart showing remaining balance and monthly principal/interest by month.

Yearly schedule

YearPrincipalInterestTotal paidEnding balanceMonths
1$49,756$210,591$260,347$2,450,244
MonthPrincipalInterestTotal paidLumpBalance
1$3,987$17,708$21,696-$2,496,013
2$4,015$17,680$21,696-$2,491,997
3$4,044$17,652$21,696-$2,487,953
4$4,073$17,623$21,696-$2,483,881
5$4,101$17,594$21,696-$2,479,779
6$4,130$17,565$21,696-$2,475,649
7$4,160$17,536$21,696-$2,471,489
8$4,189$17,506$21,696-$2,467,300
9$4,219$17,477$21,696-$2,463,081
10$4,249$17,447$21,696-$2,458,832
11$4,279$17,417$21,696-$2,454,553
12$4,309$17,386$21,696-$2,450,244
2$54,154$206,193$260,347$2,396,091
3$208,940$201,407$410,347$2,187,150
4$77,409$182,938$260,347$2,109,741
5$84,251$176,096$260,347$2,025,490
6$91,698$168,649$260,347$1,933,792
7$99,803$160,544$260,347$1,833,989
8$108,625$151,722$260,347$1,725,364
9$118,227$142,120$260,347$1,607,137
10$128,677$131,670$260,347$1,478,461
11$140,051$120,296$260,347$1,338,410
12$152,430$107,917$260,347$1,185,981
13$165,903$94,444$260,347$1,020,077
14$180,567$79,780$260,347$839,510
15$196,528$63,819$260,347$642,982
16$213,899$46,448$260,347$429,083
17$232,806$27,541$260,347$196,277
18$196,277$7,307$203,584$0

Assumptions

EMI is based on a fixed rate with payments at the start of each month. Extra monthly and one-time payments reduce the outstanding balance and shorten the tenure; the final month payment may be smaller when the balance closes.

What this calculator does

Estimates monthly EMI for unsecured personal loans in India using the standard amortization formula. Compare tenures and see interest vs principal breakdowns to plan repayments.

Limitations & disclaimer

This is an estimate only. Fees, processing charges, and lender-specific terms may change obligations. Not financial advice. Consult lenders for final terms.

FAQs

What interest rates are typical?

Personal loan rates in India typically range from 10% to 24% depending on the lender, credit score, and loan amount.

Can I model prepayments?

Adjust the tenure or principal to simulate the effect of prepayments on EMI and total interest.

Is this for secured or unsecured loans?

This calculator models unsecured personal loans using the standard EMI formula.

Does this include processing fees?

No. Add lender fees to the principal for a more realistic estimate.