Personal Loan EMI Calculator India
Instant EMI, total interest, processing fee and year-wise schedule. Free, no sign-up.
Monthly EMI
0
| Loan amount | |
|---|---|
| Total interest | |
| Total payment (EMIs) | |
| Processing fee + 18% GST | |
| Amount you receive | |
| Total cost of loan | |
| Number of EMIs |
Year-wise payment table
| Year | Principal | Interest | Balance |
|---|
Formula used to calculate personal loan EMI
This calculator uses the standard reducing-balance EMI formula, the same method Indian banks and NBFCs use for personal loans.
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
| Symbol or term | Meaning |
|---|---|
| P | Loan amount you borrow. |
| r | Monthly interest rate. Annual rate divided by 12, then by 100. |
| n | Number of monthly instalments. Years multiplied by 12. |
| Total payment | EMI x n |
| Total interest | Total payment minus P |
| Processing fee | P x fee % / 100 |
| GST on fee | Processing fee x 18% / 100 |
| Amount you receive | P minus processing fee minus GST |
| Total cost of loan | Total interest + processing fee + GST |
| Interest for a month | Opening balance x r |
| Principal for a month | EMI minus interest for that month |
Example: Loan ₹5,00,000 at 12% for 3 years gives r = 0.01 and n = 36. EMI comes to about ₹16,607, total payment about ₹5,97,858 and total interest about ₹97,858.
Amount in words: below 1,000 shows as it is. 1,000 and above shows as Thousand. 1,00,000 and above shows as Lakh. 1,00,00,000 and above shows as Crore.
Banks may charge other fees such as insurance, stamp duty or prepayment charges. These are not included, so the final EMI and cost offered by your lender can differ slightly.
Bank-wise personal loan interest rate and EMI
Banks quote a starting rate and decide your final rate from your income, employer, credit score and loan amount. The EMIs below use the starting rate shown, so your own EMI may be higher. Put your offered rate in the calculator above for the exact figure.
| Bank | Interest rate (starting) | Tenure | Processing fee | EMI for 5 lakh, 3 years | EMI for 10 lakh, 5 years |
|---|---|---|---|---|---|
| HDFC Bank personal loan | 10.5% onwards | 1 to 5 years | Up to 2.50% | ₹16,251 | ₹21,494 |
| SBI personal loan (Xpress Credit) | 10% onwards | Up to 6 years | 1.50%, min Rs. 1,000, max Rs. 15,000 | ₹16,134 | ₹21,247 |
| Axis Bank personal loan | 9.99% onwards | As per offer | As per offer | ₹16,131 | ₹21,242 |
Rates and fees are indicative figures seen on bank and finance portal pages in October 2026. Lenders change them often, so confirm the current rate on the bank's website or with the branch before applying.
Car loan reference
The same EMI formula works for a car loan. Enter the car price minus your down payment as the loan amount, then the car loan rate. Bank of Baroda cut its car loan rate to 8.15% in August 2025, so the table uses that as a reference.
| Bank | Loan amount | Rate / Tenure | Monthly EMI | Total interest |
|---|---|---|---|---|
| Bank of Baroda (BoB) car loan | ₹5,00,000(5 Lakh) | 8.15% / 5 yr | ₹10,174 | ₹1,10,448 |
| Bank of Baroda (BoB) car loan | ₹10,00,000(10 Lakh) | 8.15% / 5 yr | ₹20,348 | ₹2,20,895 |
| Bank of Baroda (BoB) car loan | ₹10,00,000(10 Lakh) | 8.15% / 7 yr | ₹15,661 | ₹3,15,528 |
| Bank of Baroda (BoB) car loan | ₹15,00,000(15 Lakh) | 8.15% / 5 yr | ₹30,522 | ₹3,31,343 |
Common loan terms and how to use this calculator
| Term | What it means | How to use it here |
|---|---|---|
| PL loan or P loan | Short forms of personal loan. It is an unsecured loan, so no collateral is needed. | Use this page as your personal loan calculator. Enter the amount you need and the rate you were offered. |
| EMI cal | Short for EMI calculation, the monthly payment worked out from amount, rate and tenure. | The Monthly EMI box at the top updates as you type, so there is no button to press. |
| Monthly EMI | The fixed amount you pay every month until the loan ends. It includes both principal and interest. This personal loan monthly EMI calculator shows it at the top of the page. | Compare the EMI with your monthly income before you borrow. |
| Calculate EMI on a loan | Any loan, whether personal, car or home, follows the same reducing-balance formula. | Change the rate and tenure to see how the EMI moves. A shorter tenure raises the EMI but cuts total interest. |
| Interest rate percentage | The yearly cost of borrowing, shown as a percentage. Banks such as HDFC, SBI and Axis quote a starting rate and a range. | Type the percentage from your offer letter into the interest rate field. |
| Loan calculator for personal loan | A tool that shows EMI, total interest and the full repayment schedule before you apply. | Read the year-wise table to see how much principal and interest you pay each year. |
| Car loan EMI | The monthly payment on a vehicle loan. Rates are usually lower than personal loan rates. | Enter car price minus down payment as the loan amount, then the car loan rate. |
50 popular personal loan EMI searches with ready results
People search a loan amount and want the monthly EMI. Each row below already shows the EMI, calculated with the reducing-balance formula at the rate and tenure shown. Processing fee and GST are not included in these EMIs. For your own numbers, use the calculator above.
| # | What people search | Loan amount | Rate / Tenure | Monthly EMI | Total interest | How to use the tool |
|---|---|---|---|---|---|---|
| 1 | personal loan EMI for 25,000 | ₹25,000(25 Thousand) | 12% / 3 yr | ₹830 | ₹4,893 | Set loan amount 25000, rate 12, tenure 3. |
| 2 | personal loan calculator 50,000 | ₹50,000(50 Thousand) | 12% / 3 yr | ₹1,661 | ₹9,786 | Set loan amount 50000, rate 12, tenure 3. |
| 3 | 75,000 personal loan monthly EMI | ₹75,000(75 Thousand) | 12% / 3 yr | ₹2,491 | ₹14,679 | Set loan amount 75000, rate 12, tenure 3. |
| 4 | loan EMI calculator personal loan 1 lakh | ₹1,00,000(1 Lakh) | 12% / 3 yr | ₹3,321 | ₹19,572 | Set loan amount 100000, rate 12, tenure 3. |
| 5 | calculate EMI for 1.5 lakh personal loan | ₹1,50,000(1.5 Lakh) | 12% / 3 yr | ₹4,982 | ₹29,357 | Set loan amount 150000, rate 12, tenure 3. |
| 6 | personal loan EMI for 2 lakh | ₹2,00,000(2 Lakh) | 12% / 3 yr | ₹6,643 | ₹39,143 | Set loan amount 200000, rate 12, tenure 3. |
| 7 | personal loan calculator 3 lakh | ₹3,00,000(3 Lakh) | 12% / 3 yr | ₹9,964 | ₹58,715 | Set loan amount 300000, rate 12, tenure 3. |
| 8 | 4 lakh personal loan monthly EMI | ₹4,00,000(4 Lakh) | 12% / 3 yr | ₹13,286 | ₹78,286 | Set loan amount 400000, rate 12, tenure 3. |
| 9 | loan EMI calculator personal loan 5 lakh | ₹5,00,000(5 Lakh) | 12% / 3 yr | ₹16,607 | ₹97,858 | Set loan amount 500000, rate 12, tenure 3. |
| 10 | calculate EMI for 6 lakh personal loan | ₹6,00,000(6 Lakh) | 12% / 3 yr | ₹19,929 | ₹1,17,429 | Set loan amount 600000, rate 12, tenure 3. |
| 11 | personal loan EMI for 7 lakh | ₹7,00,000(7 Lakh) | 12% / 3 yr | ₹23,250 | ₹1,37,001 | Set loan amount 700000, rate 12, tenure 3. |
| 12 | personal loan calculator 8 lakh | ₹8,00,000(8 Lakh) | 12% / 3 yr | ₹26,571 | ₹1,56,572 | Set loan amount 800000, rate 12, tenure 3. |
| 13 | 10 lakh personal loan monthly EMI | ₹10,00,000(10 Lakh) | 12% / 3 yr | ₹33,214 | ₹1,95,715 | Set loan amount 1000000, rate 12, tenure 3. |
| 14 | loan EMI calculator personal loan 12 lakh | ₹12,00,000(12 Lakh) | 12% / 3 yr | ₹39,857 | ₹2,34,858 | Set loan amount 1200000, rate 12, tenure 3. |
| 15 | calculate EMI for 15 lakh personal loan | ₹15,00,000(15 Lakh) | 12% / 3 yr | ₹49,821 | ₹2,93,573 | Set loan amount 1500000, rate 12, tenure 3. |
| 16 | personal loan EMI for 20 lakh | ₹20,00,000(20 Lakh) | 12% / 3 yr | ₹66,429 | ₹3,91,430 | Set loan amount 2000000, rate 12, tenure 3. |
| 17 | personal loan calculator 25 lakh | ₹25,00,000(25 Lakh) | 12% / 3 yr | ₹83,036 | ₹4,89,288 | Set loan amount 2500000, rate 12, tenure 3. |
| 18 | 30 lakh personal loan monthly EMI | ₹30,00,000(30 Lakh) | 12% / 3 yr | ₹99,643 | ₹5,87,145 | Set loan amount 3000000, rate 12, tenure 3. |
| 19 | loan EMI calculator personal loan 40 lakh | ₹40,00,000(40 Lakh) | 12% / 3 yr | ₹1,32,857 | ₹7,82,861 | Set loan amount 4000000, rate 12, tenure 3. |
| 20 | calculate EMI for 50 lakh personal loan | ₹50,00,000(50 Lakh) | 12% / 3 yr | ₹1,66,072 | ₹9,78,576 | Set loan amount 5000000, rate 12, tenure 3. |
| 21 | 2 lakh personal loan EMI for 2 years | ₹2,00,000(2 Lakh) | 12% / 2 yr | ₹9,415 | ₹25,953 | Set loan amount 200000 and tenure 2 years. |
| 22 | 2 lakh personal loan EMI for 5 years | ₹2,00,000(2 Lakh) | 12% / 5 yr | ₹4,449 | ₹66,933 | Set loan amount 200000 and tenure 5 years. |
| 23 | 5 lakh personal loan EMI for 2 years | ₹5,00,000(5 Lakh) | 12% / 2 yr | ₹23,537 | ₹64,882 | Set loan amount 500000 and tenure 2 years. |
| 24 | 5 lakh personal loan EMI for 5 years | ₹5,00,000(5 Lakh) | 12% / 5 yr | ₹11,122 | ₹1,67,333 | Set loan amount 500000 and tenure 5 years. |
| 25 | 10 lakh personal loan EMI for 2 years | ₹10,00,000(10 Lakh) | 12% / 2 yr | ₹47,073 | ₹1,29,763 | Set loan amount 1000000 and tenure 2 years. |
| 26 | 10 lakh personal loan EMI for 5 years | ₹10,00,000(10 Lakh) | 12% / 5 yr | ₹22,244 | ₹3,34,667 | Set loan amount 1000000 and tenure 5 years. |
| 27 | 15 lakh personal loan EMI for 2 years | ₹15,00,000(15 Lakh) | 12% / 2 yr | ₹70,610 | ₹1,94,645 | Set loan amount 1500000 and tenure 2 years. |
| 28 | 15 lakh personal loan EMI for 5 years | ₹15,00,000(15 Lakh) | 12% / 5 yr | ₹33,367 | ₹5,02,000 | Set loan amount 1500000 and tenure 5 years. |
| 29 | HDFC personal loan EMI calculator 2 lakh | ₹2,00,000(2 Lakh) | 10.5% / 3 yr | ₹6,500 | ₹34,018 | Set loan amount 200000, rate 10.5, tenure 3. |
| 30 | SBI personal loan EMI calculator 2 lakh | ₹2,00,000(2 Lakh) | 10% / 3 yr | ₹6,453 | ₹32,324 | Set loan amount 200000, rate 10, tenure 3. |
| 31 | Axis Bank personal loan EMI for 2 lakh | ₹2,00,000(2 Lakh) | 9.99% / 3 yr | ₹6,452 | ₹32,290 | Set loan amount 200000, rate 9.99, tenure 3. |
| 32 | HDFC personal loan EMI calculator 5 lakh | ₹5,00,000(5 Lakh) | 10.5% / 3 yr | ₹16,251 | ₹85,044 | Set loan amount 500000, rate 10.5, tenure 3. |
| 33 | SBI personal loan EMI calculator 5 lakh | ₹5,00,000(5 Lakh) | 10% / 3 yr | ₹16,134 | ₹80,809 | Set loan amount 500000, rate 10, tenure 3. |
| 34 | Axis Bank personal loan EMI for 5 lakh | ₹5,00,000(5 Lakh) | 9.99% / 3 yr | ₹16,131 | ₹80,725 | Set loan amount 500000, rate 9.99, tenure 3. |
| 35 | HDFC personal loan EMI calculator 10 lakh | ₹10,00,000(10 Lakh) | 10.5% / 3 yr | ₹32,502 | ₹1,70,088 | Set loan amount 1000000, rate 10.5, tenure 3. |
| 36 | SBI personal loan EMI calculator 10 lakh | ₹10,00,000(10 Lakh) | 10% / 3 yr | ₹32,267 | ₹1,61,619 | Set loan amount 1000000, rate 10, tenure 3. |
| 37 | Axis Bank personal loan EMI for 10 lakh | ₹10,00,000(10 Lakh) | 9.99% / 3 yr | ₹32,262 | ₹1,61,450 | Set loan amount 1000000, rate 9.99, tenure 3. |
| 38 | 5 lakh personal loan EMI at 11% interest | ₹5,00,000(5 Lakh) | 11% / 3 yr | ₹16,369 | ₹89,297 | Set loan amount 500000 and interest rate 11. |
| 39 | 5 lakh personal loan EMI at 13% interest | ₹5,00,000(5 Lakh) | 13% / 3 yr | ₹16,847 | ₹1,06,491 | Set loan amount 500000 and interest rate 13. |
| 40 | 5 lakh personal loan EMI at 14% interest | ₹5,00,000(5 Lakh) | 14% / 3 yr | ₹17,089 | ₹1,15,197 | Set loan amount 500000 and interest rate 14. |
| 41 | 5 lakh personal loan EMI at 15% interest | ₹5,00,000(5 Lakh) | 15% / 3 yr | ₹17,333 | ₹1,23,976 | Set loan amount 500000 and interest rate 15. |
| 42 | 5 lakh personal loan EMI at 18% interest | ₹5,00,000(5 Lakh) | 18% / 3 yr | ₹18,076 | ₹1,50,743 | Set loan amount 500000 and interest rate 18. |
| 43 | 5 lakh personal loan EMI at 24% interest | ₹5,00,000(5 Lakh) | 24% / 3 yr | ₹19,616 | ₹2,06,191 | Set loan amount 500000 and interest rate 24. |
| 44 | personal loan EMI per lakh for 1 year | ₹1,00,000(1 Lakh) | 12% / 1 yr | ₹8,885 | ₹6,619 | Set loan amount 100000 and tenure 1. |
| 45 | personal loan EMI per lakh for 3 years | ₹1,00,000(1 Lakh) | 12% / 3 yr | ₹3,321 | ₹19,572 | Set loan amount 100000 and tenure 3. |
| 46 | personal loan EMI per lakh for 5 years | ₹1,00,000(1 Lakh) | 12% / 5 yr | ₹2,224 | ₹33,467 | Set loan amount 100000 and tenure 5. |
| 47 | 3 lakh personal loan EMI for 4 years | ₹3,00,000(3 Lakh) | 12% / 4 yr | ₹7,900 | ₹79,207 | Set loan amount 300000 and tenure 4. |
| 48 | 10 lakh personal loan EMI for 4 years | ₹10,00,000(10 Lakh) | 12% / 4 yr | ₹26,334 | ₹2,64,024 | Set loan amount 1000000 and tenure 4. |
| 49 | 20 lakh personal loan EMI for 5 years | ₹20,00,000(20 Lakh) | 12% / 5 yr | ₹44,489 | ₹6,69,334 | Set loan amount 2000000 and tenure 5. |
| 50 | 25 lakh personal loan EMI for 7 years | ₹25,00,000(25 Lakh) | 12% / 7 yr | ₹44,132 | ₹12,07,074 | Set loan amount 2500000 and tenure 7. |
Disclaimer: This tool gives estimates only. Confirm the final rate, fees and EMI with your bank or lender.
Frequently asked questions
| Question | Answer |
|---|---|
| Can I use this as an HDFC personal loan EMI calculator? | Yes. Enter the amount, the rate HDFC Bank offered you and the tenure. The EMI, total interest and fee update at once. The same steps work for any other lender. |
| Does it work for SBI or Axis Bank loans? | Yes. Banks all use the reducing-balance formula, so only the rate and fee change. Use the bank-wise table above for a quick comparison, then enter your offered rate. |
| What is the HDFC personal loan interest rate? | HDFC Bank decides it from your profile. Finance portals list it as starting from about 10.5% per year. Confirm the live rate on the bank's website. |
| What is the Axis Bank personal loan rate of interest? | Axis Bank states that its personal loan rates start at 9.99% per year. Your final percentage depends on your income, employer and credit score. |
| What is the BoB car loan interest rate, and can I use this for a car loan? | Bank of Baroda (BoB) cut its car loan rate to 8.15% per year in August 2025, so check the current rate before you apply. The same formula works for any car loan: enter car price minus down payment as the loan amount, then the rate and tenure. |
| How is EMI calculated on a loan? | EMI = P x r x (1 + r)^n / ((1 + r)^n - 1). P is the loan amount, r is the monthly rate and n is the number of months. The formula section above explains each part. |
| What is a good personal loan interest rate in India? | Rates commonly range from about 10% to 24% per year. A higher CIBIL score usually gets a lower rate. Compare at least three lenders before you decide. |
| What is the processing fee on a personal loan? | Lenders usually charge about 1% to 3% of the loan amount, plus 18% GST. It is often deducted before the money reaches you, so you receive less than the sanctioned amount. The result table shows this. |
| What CIBIL score do I need? | A score of 750 or above generally gives the best chance of quick approval and a lower rate. Lower scores may still get a loan, but often at a higher rate or a smaller amount. |
| What tenure should I choose? | Most personal loans run 1 to 5 years, and some lenders go longer. A longer tenure lowers the EMI but increases total interest. Try 2, 3 and 5 years to compare. |
| How much EMI can I afford? | A common rule is to keep total EMIs on all loans under 40% to 50% of your monthly take-home income. Keeping it lower leaves room for emergencies. |
| Can I prepay or foreclose a personal loan? | Most lenders allow it, but charges differ by lender and by whether the rate is fixed or floating. Read your loan agreement and ask for the terms in writing before you sign. |
| Is this calculator accurate? | It uses the standard formula, so results are very close to bank figures. Small differences can occur due to rounding, fees and the exact EMI start date. |
| How do I download my EMI result? | Tap the Download TXT button. You get a text file with your inputs, EMI, total interest, fee and the full year-wise schedule. |