Personal Loan EMI Calculator — Unsecured Loan Estimator
Calculate monthly EMIs and total interest on personal loans with interest rates ranging from 10.5% to 24%.
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Payment Breakdown (Principal vs Interest)
Interest Rate Sensitivity Comparison
See how small changes in interest rates impact your monthly EMI and total interest outgo.
| Interest Rate | Monthly EMI | Monthly Difference | Total Interest Paid | Total Payment |
|---|---|---|---|---|
| 11.00% | ₹16,369 | -₹238 | ₹89,284 | ₹5,89,284 |
| 11.50% | ₹16,488 | -₹119 | ₹93,568 | ₹5,93,568 |
| 12.00% (Current) | ₹16,607 | 0 | ₹97,852 | ₹5,97,852 |
| 12.50% | ₹16,727 | +₹120 | ₹1,02,172 | ₹6,02,172 |
| 13.00% | ₹16,847 | +₹240 | ₹1,06,492 | ₹6,06,492 |
| 13.50% | ₹16,968 | +₹361 | ₹1,10,848 | ₹6,10,848 |
Loan Repayment & Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Payment | Balance Outstanding | Loan Paid % |
|---|---|---|---|---|---|
| Year 1 | ₹1,47,205 | ₹52,079 | ₹1,99,284 | ₹3,52,795 | 29.4% |
| Year 2 | ₹1,65,875 | ₹33,409 | ₹1,99,284 | ₹1,86,920 | 62.6% |
| Year 3 | ₹1,86,920 | ₹12,372 | ₹1,99,292 | ₹0 | 100.0% |
Example: ₹5 Lakh Personal Loan for 3 Years at 12%
Taking an instant personal loan of ₹5,00,000 at 12.0% interest for 3 years (36 months).
- Loan Principal:₹5,00,000
- Interest Rate:12.00% p.a.
- Tenure:3 Years (36 Months)
- Monthly EMI:₹16,607 / month
- Total Interest Paid:₹97,858
- Total Repayment:₹5,97,858
Key Takeaway: Because personal loans carry higher double-digit interest rates, paying off the loan ahead of schedule saves significant interest.
How This Calculation Works (Mathematical Formula)
P is Personal loan principal, r is monthly rate, n is tenure (typically 12 to 60 months).
Frequently Asked Questions
Personal loans are unsecured (no collateral pledged), so lenders charge higher risk premiums (typically 10.5% to 22%).
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Helpful Guides & Explanations
Disclosure: Ankiva One provides free financial calculators and guides. When you apply for products through partner links on our website, we may receive compensation at no extra cost to you. This does not influence our objective calculations.