Personal Loan EMI Calculator
Calculate EMI for personal loans with flexible tenure options
FOIR (Obligation Ratio)
33.2%
✓ Excellent
Total Monthly Obligation
₹16,607
EMI + Existing EMI
Max Eligible Loan
₹7,50,000
Based on 50% FOIR
Current Market Rates in India:
• Home Loan: 6.5-20% | Personal Loan: 7-30% | Car Loan: 6-20% | Business Loan: 6-30%
Income & Eligibility
₹16,607
(Principal + Interest)
Processing Charges
Cost Breakdown
Shorter Tenure Impact
By reducing tenure by 1 year:
Current EMI:
₹5,069
New EMI:
₹6,567
EMI Increase:
+₹1,498
Total Interest Saved:
₹12,44,160
Recommendation: If you can afford ₹1,498 more monthly, you'll save ₹12,44,160 in interest.
Longer Tenure Impact
By extending tenure by 1 year:
Current EMI:
₹5,069
New EMI:
₹5,004
EMI Decrease:
-₹65
Additional Interest:
1413072
Consider: Lower EMI provides breathing room but costs more in interest.
Grand Totals (3 Years)
Total EMI Paid
₹5,97,852
Total Principal Paid
₹5,00,000
Total Interest Paid
₹97,852
Net Cost After Tax
₹6,10,652
(for home loans)
Year-Wise Summary Table
1,00,000
1
2
Net Savings after foreclosure fee: ₹22,300
Disclaimer: Actual foreclosure fees depend on lender terms. Check your loan agreement for exact charges.
Personal Loan EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay your personal loan. Unlike secured loans, personal loans don't require collateral, making them ideal for meeting urgent financial needs, debt consolidation, medical emergencies, or any personal expenses. The EMI includes both the principal amount and interest, calculated based on your loan amount, interest rate (typically 7-30% p.a.), and repayment tenure (usually 1-7 years).
Personal loans offer quick approval and minimal documentation, but they come with higher interest rates compared to secured loans. It's crucial to maintain a good credit score (750+) to get better rates and ensure your EMI doesn't exceed 40-50% of your monthly income for comfortable repayment.
For urgent cash needs
- • Instant approval & disbursal
- • 100% online process
- • Up to ₹10 lakhs
Merge multiple debts
- • Single EMI for all debts
- • Lower interest rates
- • Simplified repayment
Finance your special day
- • Up to ₹25 lakhs
- • Flexible tenure
- • Competitive rates
Calculations are estimates and not financial advice. Actual Personal Loan EMI may vary based on processing fees, prepayment charges, credit score, and lender terms. Personal loans carry higher interest rates (7-30% p.a.) compared to secured loans. Always check the Annual Percentage Rate (APR) and read the fine print before borrowing. Borrow responsibly and ensure EMI doesn't exceed 40-50% of your monthly income. Please consult with a financial advisor before making any loan decisions.