Personal Loan EMI Calculator
Compute personal loan EMI with full amortization. Compare rates from SBI, HDFC, ICICI, Axis, Bajaj, and more. Personal loans typically range 10.5–24% p.a.
See how much interest you save with monthly prepayments.
Compare across banks
| Bank | Rate | EMI |
|---|---|---|
| State Bank of India | 11.15% | ₹10.9K |
| HDFC Bank | 10.75% | ₹10.8K |
| ICICI Bank | 10.85% | ₹10.8K |
| Axis Bank | 11.25% | ₹10.9K |
| Kotak Mahindra Bank | 10.99% | ₹10.9K |
| Punjab National Bank | 11.4% | ₹11.0K |
| Bank of Baroda | 10.9% | ₹10.8K |
| Canara Bank | 10.95% | ₹10.9K |
Rates are indicative starting rates. Final rate depends on your CIBIL, income, and bank policy. Click any bank for a dedicated calculator.
Principal vs Interest
Year-wise breakdown
Personal loan EMI
Personal loan EMI uses the same formula as home loan EMI: P × r × (1+r)n / ((1+r)n−1). However, rates are typically 2–4× higher (10.5%–24%) and tenures shorter (1–7 years), so total interest paid is disproportionately high. Always compare across 3+ lenders and check for processing fees (1–3%) and foreclosure charges (3–5% in year 1).
Frequently asked questions
Get this as a PDF report
Email or WhatsApp yourself a branded PDF + 5 personalised money-saving tips.
We never spam. Unsubscribe anytime.