Personal Loan EMI Calculator
Estimate personal loan EMI and total interest using your amount, rate and term. Shared planning examples may extend beyond preset ranges; check lender limits.
This is a repayment planning example. Valid shared inputs are retained; check the lender’s current conditions and limits.
Key Borrowing Insights
See how extending tenure drastically balloons the interest cost of unsecured loans.
| Tenure | Monthly EMI | Total Interest | Total Payment | Interest Outgo % |
|---|
A shorter tenure increases monthly EMI but substantially minimizes total interest cost. For example, a 2-year loan incurs nearly 60% less interest than a 5-year loan.
A CIBIL credit score above 750 can unlock interest rates 2% to 4% lower than standard rates, saving thousands over the loan lifecycle.
Unsecured personal loans often incur a 2-5% foreclosure penalty if repaid early. Verify lock-in clauses before pre-closing.
Prepayment SimulatorOptional
Prepayment SimulatorOptional
Amortization Schedule
Click any year row to view individual monthly principal & interest allocations.
| Year | Opening Balance | Principal Paid | Interest Paid | Prepayment | Closing Balance |
|---|---|---|---|---|---|
| Calculate loan parameters to generate yearly and monthly amortization schedule. | |||||