Skip to content
DYNAMB

Personal Loan EMI Calculator

Personal loans are unsecured, so they carry the highest rates and shortest tenures of any common retail loan — commonly 10.5–24% for 1 to 5 years. This calculator opens with a typical ₹5 lakh loan at 13% for 4 years; change the numbers to match the offer in front of you, and remember to account for the processing fee separately.

  • Nothing you type leaves this page
  • Works offline once loaded
  • Free forever, no signup
Tenure

Extra paid every month on top of the EMI — it goes straight to principal and closes the loan early.

Amortization schedule

Year Principal paid Interest paid Total paid Balance
{{ row.year }} {{ inr(row.principal) }} {{ inr(row.interest) }} {{ inr(row.paid) }} {{ inr(row.closing) }}
Month Opening Payment Principal Interest Closing
{{ row.m }} {{ inr(row.opening) }} {{ inr(row.emi) }} {{ inr(row.principal) }} {{ inr(row.interest) }} {{ inr(row.closing) }}

How to use this tool

  1. Enter the loan amount you need

    Personal loans are unsecured, so lenders cap the amount by your income and credit score rather than by an asset.

  2. Enter the rate quoted to you

    Rates vary a lot by lender and credit score — 10.5% for a strong CIBIL score, 20%+ for a thin file — so use the actual number from your offer, not a guess.

  3. Read the EMI and remember the processing fee

    The EMI and total interest update instantly; a 0.5–2.5% processing fee (plus GST) is deducted upfront from most lenders and is not included in this EMI figure.

Questions people ask

What is the EMI for a ₹5 lakh personal loan at 13% for 4 years?

About ₹13,417 per month. Over 48 months you repay roughly ₹6.44 lakh, of which about ₹1.44 lakh is interest.

Why are personal loan interest rates so much higher than home loans?

Because a personal loan has no collateral, the lender's only recourse if you stop paying is your credit history and legal recovery — that risk is priced into a higher rate, typically 10.5% to 24% depending on your income and CIBIL score.

What is the processing fee on a personal loan, and is it in this EMI?

No — this calculator shows only the EMI on the disbursed amount. Lenders typically deduct a 0.5–2.5% processing fee (plus 18% GST on the fee) upfront, so the amount that actually reaches your account is a little less than the loan amount you enter here.

What tenure should I choose for a personal loan?

The shortest tenure your EMI comfortably fits your budget — personal loan rates are high enough that stretching tenure to lower the EMI adds a disproportionate amount of interest. Compare a 2-year and a 5-year tenure here on the same amount to see the gap.

Does my CIBIL score change the rate this calculator should use?

Yes — lenders price personal loans heavily by credit score. A score above 750 typically gets offers near the low end (10.5–14%); below 650 often means 18% or higher, if approved at all. Use the actual rate from your sanction letter for an accurate EMI.

Is my loan information private?

Yes — everything runs in your browser, nothing is sent to a server, and the page works offline once loaded.

Related tools

Free because it costs us nothing to run: your browser does the work, not our servers. Made by Dynamb Technologies — we build software for businesses.