Personal loan EMI calculator
Set the amount, rate and tenure to see the monthly instalment, the total interest and how the balance falls year by year.
Indicative only. Your rate depends on your profile; the bank confirms the final EMI.
See my matched offersYear-by-year repayment
How much of each year's payments goes to interest and how much reduces the loan.
| Year | Paid in the year | Interest | Principal repaid | Balance at year end |
|---|
What moves the EMI
Amount. EMI rises in proportion to the loan. Borrow what you need, not the maximum a bank allows.
Rate. A percentage point on a five-year loan changes the total interest noticeably. This is why comparing plans before applying matters.
Tenure. Longer tenures lower the monthly figure and raise the total cost. Partner plans run from 12 months up to 84 months.
What the calculator leaves out
Processing fees, GST on fees, and any foreclosure or part-payment charges. Each partner plan's fee is listed on the personal loan page, and the bank confirms all charges before you sign.
A worked example
₹5,00,000 at 10.5% p.a. over 36 months gives an EMI of about ₹16,250. Over the tenure you repay roughly ₹5,85,000, so the interest cost is about ₹85,000.
The same loan over 60 months brings the EMI down to about ₹10,750 but raises total repayment to roughly ₹6,45,000.
Keeping the EMI affordable
Banks cap total EMIs at a share of your monthly income, typically between half and 70 percent depending on the plan and your salary band. Keeping the new EMI comfortably inside that limit improves the chance the bank approves the amount you ask for.
EMI questions
How is the EMI calculated?
Why does a longer tenure lower the EMI but cost more?
Is the processing fee included?
Will my actual EMI match this?
Now see the real rate for your profile
Add your salary and employer once. The app shows each bank's plan with the amount it allows for you.