Estimate your monthly EMI, total interest, and total cost for an unsecured personal loan, including the impact of a one-time processing fee.
How to Use the Personal Loan EMI Calculator
Enter the "Loan Amount (₹)" you plan to borrow.
Enter the "Annual Interest Rate (%)" quoted by your lender.
Enter the "Loan Tenure (months)" over which you'll repay it.
Optionally enter a one-time "Processing Fee (%)" charged by the lender.
Click "Calculate EMI" to see your monthly EMI, total interest, and total cost of the loan.
Frequently Asked Questions
Personal loans are unsecured, meaning there's no collateral backing them, so lenders charge a higher rate to offset the added risk compared to secured loans like home or car loans.
The processing fee is deducted upfront by the lender, so your "Net Amount Disbursed" is lower than the loan amount you applied for, even though your EMI is still calculated on the full loan amount. It's added to total interest to show the "Total Cost of Loan."
It uses the standard reducing-balance EMI formula: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P is the loan amount, R is the monthly interest rate, and N is the tenure in months.
Yes, it's completely free and requires no sign-up.