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Personal Loan EMI Calculator
Free personal loan EMI calculator for India — estimate instalments at typical unsecured interest rates.
Last updated 2026-09-18
Monthly EMI
₹10,253
Total interest
₹69,118
Total payment
₹3,69,118
Months
36
Amortization preview
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹10,253 | ₹6,753 | ₹3,500 | ₹2,93,247 |
| 2 | ₹10,253 | ₹6,832 | ₹3,421 | ₹2,86,415 |
| 3 | ₹10,253 | ₹6,912 | ₹3,342 | ₹2,79,503 |
| 4 | ₹10,253 | ₹6,992 | ₹3,261 | ₹2,72,510 |
| 5 | ₹10,253 | ₹7,074 | ₹3,179 | ₹2,65,436 |
| 6 | ₹10,253 | ₹7,157 | ₹3,097 | ₹2,58,280 |
How it works
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1).
How to use this calculator
- Enter the inputs shown above (amount, rate, tenure, income, or other fields).
- Read the live results — they update as you type.
- Check the formula, worked example, and assumptions on this page before you decide.
Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1).
Worked example
A ₹3 lakh personal loan at 14% for 3 years has an EMI of about ₹10,247.
Reading the result
Treat the output as a planning figure. Compare it with your sanction letter, payslip, or GST invoice rather than treating it as a filing or a loan offer.
See also: calculation methodology and disclaimer.
Frequently asked questions
Personal loans are unsecured. Lenders price in higher risk, so rates are usually above home or car loans.
Assumptions and limits
- This is a planning estimate. Your lender, employer, or tax officer may use different inputs or rounding.
Results are educational estimates, not tax, legal, investment, or medical advice, and not a loan offer. Verify filings and payments with the official authority or a qualified professional.