Personal Loan EMI Calculator
Estimate your personal loan EMI, interest outgo, and repayment timeline.
EMI
₹16,847
Total interest
₹1,06,491
Total payment
₹6,06,491
Over the full tenure, you'll pay ₹1,06,491 in interest alone — that's 18% of your total repayment on a ₹5,00,000 personal loan.
Year-wise amortization schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹1,45,639 | ₹56,525 | ₹3,54,361 |
| 2 | ₹1,65,742 | ₹36,422 | ₹1,88,619 |
| 3 | ₹1,88,619 | ₹13,544 | ₹0 |
How this calculator works
A personal loan EMI is calculated the same way as any reducing-balance loan, but because personal loans are unsecured, their interest rates run much higher — often 10-24% per annum — which makes the tenure you choose especially important to your total cost.
Worked example:a ₹5,00,000 personal loan at 13% over 3 years comes to an EMI of roughly ₹16,850 per month, with total interest of about ₹1.07 lakh — over 21% of the amount borrowed. Because rates are high, personal loans are usually best kept short and used only when a secured loan isn't an option.