Personal Loan EMI Calculator
పర్సనల్ లోన్ ఈఎంఐ కాలిక్యులేటర్
Personal loan EMI calculator: the EMI and total interest of a personal loan, with the year-wise repayment schedule.
పర్సనల్ లోన్ (వ్యక్తిగత రుణం) ఈఎంఐ, మొత్తం వడ్డీ, ఏడాదివారీ చెల్లింపు పట్టిక.
Your result
Monthly EMI నెలవారీ వాయిదా
9.96 thousand rupees a month
- Principalఅసలు
- ₹3,00,000
- Total interestమొత్తం వడ్డీ
- ₹58,715
- Total paymentమొత్తం చెల్లింపు
- ₹3,58,715
Year by year ఏడాదివారీగా
- Principal
- Interest
Use the left and right arrow keys to read each year; the table below lists every value.
Show the year-by-year table
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹88,325 | ₹31,247 | ₹2,11,675 |
| 2 | ₹99,526 | ₹20,045 | ₹1,12,149 |
| 3 | ₹1,12,149 | ₹7,423 | ₹0 |
Last updated : an example interest rate of 12% a year. These are examples: check your lender's current rate and charges before you borrow.
How to calculate the EMI of a personal loan
From three figures: the loan amount, the yearly interest rate and the tenure. Lenders charge interest each month on the balance still owed (reducing balance), so the EMI stays the same while the interest in it falls. With a loan amount P, a monthly rate r (yearly rate ÷ 12 ÷ 100) and n monthly instalments:
EMI = P × r × (1 + r) n ÷ ((1 + r) n − 1)
Example: a personal loan of ₹3,00,000 at 12% for 3 years is an EMI of ₹9,964. You pay ₹58,715 in interest, ₹3,58,715 in all. The rate is an example: yours depends on the lender and your credit score.
Personal loan EMI for ₹1 lakh, ₹5 lakh and ₹10 lakh
At 12% a year, the EMI on a personal loan of ₹5 lakh over 3 years is ₹16,607; on ₹10 lakh, ₹33,214. EMIs at that example rate (type yours above):
| Loan | 1 year | 2 years | 3 years | 5 years |
|---|---|---|---|---|
| ₹1 lakh | ₹8,885 | ₹4,707 | ₹3,321 | ₹2,224 |
| ₹2 lakh | ₹17,770 | ₹9,415 | ₹6,643 | ₹4,449 |
| ₹3 lakh | ₹26,655 | ₹14,122 | ₹9,964 | ₹6,673 |
| ₹5 lakh | ₹44,424 | ₹23,537 | ₹16,607 | ₹11,122 |
| ₹10 lakh | ₹88,849 | ₹47,073 | ₹33,214 | ₹22,244 |
Rate quoted in rupees (రూపాయి వడ్డీ)? ₹1 per ₹100 a month is 12% a year, 1 rupee 50 paise is 18%, ₹2 is 24%: choose "₹ per ₹100 a month" above and type it as it was told to you. The simple interest calculator has more on rupee interest.
Good to know
- Personal loans need no security, so rates are higher, roughly 10.5% to 24% a year, depending on your credit score, income and employer.
- A fixed-rate personal loan may carry a charge for paying it off early; ask before you sign, and compare the processing fee too.
- It is usually much cheaper than revolving a credit card bill at 42% to 45% a year: see the credit card interest calculator.
పర్సనల్ లోన్ ఈఎంఐ ఎంత?
12% వడ్డీతో ₹5 లక్షల పర్సనల్ లోన్కు 3 ఏళ్లకు నెలకు ₹16,607, 5 ఏళ్లకు ₹11,122 ఈఎంఐ. వడ్డీని రూపాయల్లో చెప్పారా? నెలకు ₹100కు ₹1 అంటే ఏడాదికి 12%: పైన "₹ per ₹100 a month" ఎంచుకుని టైప్ చేయండి.
Questions
Does the processing fee change the EMI?
No: the EMI is worked out on the loan amount. But the fee is taken at the start, so you receive less and the loan costs more than its quoted rate. Choose "Find: Rate", type the loan amount, the EMI, the tenure and the fee, and the calculator shows the true rate.
Does a longer tenure save money?
No. A longer tenure lowers the EMI but raises the total interest. On the example, 5 years instead of 3 brings the EMI down to ₹6,673 but adds ₹41,686 of interest. Pick the shortest tenure whose EMI you can pay comfortably.
Can I pay the loan off early?
On floating-rate loans to individuals, RBI does not allow prepayment charges in most cases (some business loans are exceptions). Fixed-rate loans may carry them: check your loan agreement. The prepayment calculator shows the interest a part payment saves on any loan repaid in EMIs.
What next? తర్వాత ఏం చూడాలి
See all calculators →Results are estimates for planning, at the rates you enter. Check exact figures with your bank, fund house or tax adviser before you decide.
