💳 Loan Calculator

Personal Loan EMI
Calculator

Calculate personal loan EMI for any amount. Compare different tenures and interest rates to choose the best repayment plan.

10–24%Typical personal loan rates

1–5 yrsTypical tenure

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Personal Loan EMI Calculator

EMI & interest estimator

Loan Amount (₹)

Interest Rate (% p.a.)

8%14%36%

Loan Tenure (Years)

1yr3 yrs7yrs

Monthly EMI

₹0

Total Payment

₹0

Total Interest

₹0

Principal Amount

₹0

Interest %

EMI Formula

Standard EMI Formula

EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1] P = Loan amount | r = Monthly interest rate | n = Total months

What is the maximum personal loan amount?▼

Typically 20–40 times your monthly salary, up to ₹50 lakh depending on the lender and credit profile.

Is personal loan interest tax deductible?▼

Generally no, unless used for business purposes or home renovation. ELSS or home loans have better tax benefits.

How can I reduce personal loan interest?▼

Maintain a high CIBIL score (750+), negotiate rate with your bank, opt for shorter tenure, or consider balance transfer to a lower-rate lender.