Personal Loan EMI Calculator
Personal loans are typically borrowed for 1-5 years at 10-24% interest. Because the rate is high, even a short tenure produces meaningful total interest. Use this calculator to see how your EMI and total interest change with each variable.
Last updated: 15 June 2025
₹
₹50,000₹40,00,000
%
9%24%
years
1 yr6 yrs
Monthly EMI
₹16,369
Total Interest
₹89,297
Total Payment
₹5,89,297
Principal
Interest
Personal loan reality check
A ₹5 lakh personal loan at 11% for 3 years has an EMI of ₹16,369 and total interest of ₹89,296. Stretching the tenure to 5 years drops the EMI to ₹10,871 but pushes total interest up to ₹1.52 lakh - almost ₹63,000 extra.
Tips for personal-loan borrowers
- Borrow only what you truly need, not what you're offered
- Prefer 24-36 month tenures over 5-year ones
- Negotiate processing fee - most banks flex 0.5-1%
- Check foreclosure conditions before signing
- Never take a personal loan to invest in equities or crypto