Estimate the EMI, interest and total cost of a personal loan, including a processing fee.
A ₹3,00,000 personal loan at 12% for 3 years has an EMI of ₹9,964.29, so you repay ₹3,58,714.55 in total including ₹58,714.55 interest.
A personal loan is an unsecured loan repaid in fixed monthly EMIs. Enter the amount, the annual interest rate and the tenure to see the EMI, the total interest and the full repayment schedule. Add the processing fee if it is financed into the loan.
Personal loan rates are usually higher than secured loans, so keep the tenure short where you can. Compare lenders by APR (rate plus fees) using the APR Calculator, and see whether consolidating several debts helps with the Debt Consolidation Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Loan amount | ₹3,00,000.00 |
| Monthly payment (principal + interest) | ₹9,964.29 |
| Total interest | ₹58,714.55 |
| Total of all payments | ₹3,58,714.55 |
| Time to pay off | 3 years |
| Term | 10% p.a. | 12% p.a. | 14% p.a. |
|---|---|---|---|
| 1 years | ₹26,374.77 | ₹26,654.64 | ₹26,936.14 |
| 2 years | ₹13,843.48 | ₹14,122.04 | ₹14,403.86 |
| 3 years | ₹9,680.16 | ₹9,964.29 | ₹10,253.29 |
| 5 years | ₹6,374.11 | ₹6,673.33 | ₹6,980.48 |
With the standard EMI formula using the loan amount, monthly interest rate and number of months.
It depends on your credit score, income and lender. Compare offers on APR, not just the headline rate.
If it is added to the loan, yes. If you pay it upfront, leave it blank and add it to the total cost yourself.
Many lenders allow part-prepayment, sometimes with a fee. Test overpayments with the Loan Calculator.
A shorter tenure raises the EMI but cuts interest sharply; pick the shortest EMI you can comfortably afford.
Timely repayment helps your score; missed payments hurt it. Applying for several loans quickly can also lower it temporarily.
It uses the standard formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
