Loans

Personal Loan EMI Calculator

Calculate personal loan EMI, total interest, payoff schedule, and the effect of optional part payments.

Loan Amount

Unsecured loan amount. Example: Rs 2,00,000.

RsINR

Rs 50KRs 50L

2 lakh

Duration

Personal loan duration in years. Example: 5 years = 60 terms.

Years

Rate of Interest

Annual personal loan rate. Default uses a practical market estimate.

Percent

8%30%

Part Payment

Extra repayment apart from EMI. Keep blank if none.

RsINR

Part payment frequency Example: Yearly adds payment on terms 12, 24, 36...Benefit preference Choose whether extra payments reduce tenure or EMI.

Equated Monthly Installments (EMI)₹4,449

Principal Amount₹2,00,000

Interest Amount₹66,933

Total Amt Payable₹2,66,933

Term Based Amortization Schedule

Each term is one monthly repayment. Optional part payments appear only on the terms where the selected frequency applies.

Term	Payment Type	Opening Balance	Repayment Amount	Interest Paid	Principal Repaid	Closing Balance
1	Regular EMI	₹2,00,000	₹4,449	₹2,000	₹2,449	₹1,97,551
2	Regular EMI	₹1,97,551	₹4,449	₹1,976	₹2,473	₹1,95,078
3	Regular EMI	₹1,95,078	₹4,449	₹1,951	₹2,498	₹1,92,580
4	Regular EMI	₹1,92,580	₹4,449	₹1,926	₹2,523	₹1,90,057
5	Regular EMI	₹1,90,057	₹4,449	₹1,901	₹2,548	₹1,87,508
6	Regular EMI	₹1,87,508	₹4,449	₹1,875	₹2,574	₹1,84,934
7	Regular EMI	₹1,84,934	₹4,449	₹1,849	₹2,600	₹1,82,335
8	Regular EMI	₹1,82,335	₹4,449	₹1,823	₹2,626	₹1,79,709
9	Regular EMI	₹1,79,709	₹4,449	₹1,797	₹2,652	₹1,77,058
10	Regular EMI	₹1,77,058	₹4,449	₹1,771	₹2,678	₹1,74,379
11	Regular EMI	₹1,74,379	₹4,449	₹1,744	₹2,705	₹1,71,674
12	Regular EMI	₹1,71,674	₹4,449	₹1,717	₹2,732	₹1,68,942
13	Regular EMI	₹1,68,942	₹4,449	₹1,689	₹2,759	₹1,66,182
14	Regular EMI	₹1,66,182	₹4,449	₹1,662	₹2,787	₹1,63,395
15	Regular EMI	₹1,63,395	₹4,449	₹1,634	₹2,815	₹1,60,580
16	Regular EMI	₹1,60,580	₹4,449	₹1,606	₹2,843	₹1,57,737
17	Regular EMI	₹1,57,737	₹4,449	₹1,577	₹2,872	₹1,54,866
18	Regular EMI	₹1,54,866	₹4,449	₹1,549	₹2,900	₹1,51,966
19	Regular EMI	₹1,51,966	₹4,449	₹1,520	₹2,929	₹1,49,036
20	Regular EMI	₹1,49,036	₹4,449	₹1,490	₹2,959	₹1,46,078
21	Regular EMI	₹1,46,078	₹4,449	₹1,461	₹2,988	₹1,43,090
22	Regular EMI	₹1,43,090	₹4,449	₹1,431	₹3,018	₹1,40,072
23	Regular EMI	₹1,40,072	₹4,449	₹1,401	₹3,048	₹1,37,024
24	Regular EMI	₹1,37,024	₹4,449	₹1,370	₹3,079	₹1,33,945
25	Regular EMI	₹1,33,945	₹4,449	₹1,339	₹3,109	₹1,30,836
26	Regular EMI	₹1,30,836	₹4,449	₹1,308	₹3,141	₹1,27,695
27	Regular EMI	₹1,27,695	₹4,449	₹1,277	₹3,172	₹1,24,523
28	Regular EMI	₹1,24,523	₹4,449	₹1,245	₹3,204	₹1,21,319
29	Regular EMI	₹1,21,319	₹4,449	₹1,213	₹3,236	₹1,18,084
30	Regular EMI	₹1,18,084	₹4,449	₹1,181	₹3,268	₹1,14,816
31	Regular EMI	₹1,14,816	₹4,449	₹1,148	₹3,301	₹1,11,515
32	Regular EMI	₹1,11,515	₹4,449	₹1,115	₹3,334	₹1,08,181
33	Regular EMI	₹1,08,181	₹4,449	₹1,082	₹3,367	₹1,04,814
34	Regular EMI	₹1,04,814	₹4,449	₹1,048	₹3,401	₹1,01,413
35	Regular EMI	₹1,01,413	₹4,449	₹1,014	₹3,435	₹97,979
36	Regular EMI	₹97,979	₹4,449	₹980	₹3,469	₹94,509
37	Regular EMI	₹94,509	₹4,449	₹945	₹3,504	₹91,006
38	Regular EMI	₹91,006	₹4,449	₹910	₹3,539	₹87,467
39	Regular EMI	₹87,467	₹4,449	₹875	₹3,574	₹83,893
40	Regular EMI	₹83,893	₹4,449	₹839	₹3,610	₹80,283
41	Regular EMI	₹80,283	₹4,449	₹803	₹3,646	₹76,637
42	Regular EMI	₹76,637	₹4,449	₹766	₹3,683	₹72,954
43	Regular EMI	₹72,954	₹4,449	₹730	₹3,719	₹69,235
44	Regular EMI	₹69,235	₹4,449	₹692	₹3,757	₹65,478
45	Regular EMI	₹65,478	₹4,449	₹655	₹3,794	₹61,684
46	Regular EMI	₹61,684	₹4,449	₹617	₹3,832	₹57,852
47	Regular EMI	₹57,852	₹4,449	₹579	₹3,870	₹53,982
48	Regular EMI	₹53,982	₹4,449	₹540	₹3,909	₹50,073
49	Regular EMI	₹50,073	₹4,449	₹501	₹3,948	₹46,124
50	Regular EMI	₹46,124	₹4,449	₹461	₹3,988	₹42,137
51	Regular EMI	₹42,137	₹4,449	₹421	₹4,028	₹38,109
52	Regular EMI	₹38,109	₹4,449	₹381	₹4,068	₹34,041
53	Regular EMI	₹34,041	₹4,449	₹340	₹4,108	₹29,933
54	Regular EMI	₹29,933	₹4,449	₹299	₹4,150	₹25,783
55	Regular EMI	₹25,783	₹4,449	₹258	₹4,191	₹21,592
56	Regular EMI	₹21,592	₹4,449	₹216	₹4,233	₹17,359
57	Regular EMI	₹17,359	₹4,449	₹174	₹4,275	₹13,084
58	Regular EMI	₹13,084	₹4,449	₹131	₹4,318	₹8,766
59	Regular EMI	₹8,766	₹4,449	₹88	₹4,361	₹4,405
60	Regular EMI	₹4,405	₹4,449	₹44	₹4,405	₹0

How to calculate Personal Loan EMI?

Personal loan EMI uses the same reducing-balance EMI formula: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]. P is the loan amount, R is monthly interest rate, and N is total monthly terms.

Enter the loan amount, duration, and interest rate quoted by your lender. The calculator shows EMI, total interest, total payable, optional part-payment impact, and a term-based amortization schedule.

What affects Personal Loan EMI?

Credit profile: Personal loans are unsecured, so credit score, income stability, employer category, and existing obligations can strongly affect the rate offered.

Loan amount: A higher loan amount increases EMI and total interest. Borrow only what you need because personal loans usually cost more than secured loans.

Duration: Longer duration lowers EMI but increases total interest. Shorter duration clears the loan faster but needs higher monthly cash flow.

Personal Loan prepayment and part payment calculator

This calculator also helps with personal loan prepayment calculator searches. Add a part payment amount, choose monthly, quarterly, yearly, or adhoc frequency, and compare the impact on total interest and repayment schedule.

Before using extra cash for prepayment, check foreclosure charges, lock-in rules, GST on fees, and whether your lender allows partial prepayment. For many borrowers, prepayment is useful when the loan rate is higher than the post-tax return available on safe investments.