Multiple banks. Different interest rates. Call it a "conflict of interest".

Personal Loan EMI Calculator

Recalculate your Personal Loan EMI and Total Interest Due in a snap!

Your Personal Loan Details

Use the slider to alter your Personal Loan details.

Loan Amount
Loan Amount:
Interest Rate in %:
Processing Fee: (% of loan amount)
Would you like to make Pre-payments?
Pre-payment Frequency
Pre-payment starts in
Pre-payment amount
Loan Completion Month
Pre-payment Fee %
Pre-payment Applies to

Your Monthly Personal Loan EMI: Rupee image 4,402

Monthly amount paid to your Personal Loan provider

Break-up of all total amount payable
Loan Amount
25000Rupee image
Total Interest Due
756Rupee image
Processing Fee
500Rupee image
Loan Amount Via EMI
500Rupee image
Loan Amount Prepaid
500Rupee image
Total Interest
500Rupee image
Processing Fee
500Rupee image
Pre-payment Fee
500Rupee image
Total Amount Payable
26252Rupee image
Your loan details as specified by you
Loan Amount
25000Rupee image
6 Months
Interest Rate
Processing Fee
25000Rupee image

Your Amortization Details (Yearly/Monthly)

Your debt repayment schedule in regular instalments over a period of time.

amortization chart
Principal Paid Interest Paid Outstanding Loan BalanceO/S Balance(Without Pre-payment) O/S Balance(With Pre-payment)
Year Principal Paid(A) Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance Pre-payment
Pre-payment Analysis

(We've broken it down for you!)

SummaryTotal AmountTenure
Without Pre-payment Rupee image 47,87,42610 yrs
With Pre-payment Rupee image 45,33,7238years 4months
YOU SAVE rupee0 YOUR TENURE REDUCED BY 1 years 8 months
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How to use's Personal Loan EMI calculator to understand your Personal Loan Repayment

Loan parameters needed for using the EMI calculator:

  • You need to know the loan amount, processing fee and the interest rate of your car loan, home loan or personal loan. If you plan to prepay your loan, then figure out the exact or approximate amount you intend to prepay and the periodicity of such payments depending on your loan agreement.
  • Use the sliders and input boxes provided in the calculator to key in or match these loan parameters.
  • The calculator will then work out the exact pattern of your loan repayment. Aspects such as the amortization table, the total interest outgo, the timelines of your loan repayment etc. will be displayed in accurate detail enabling you to make smart loan decisions!

Read on to learn how you can figure out the functionality of the different loan parameters and what role they specifically play in your loan repayment pattern. EMI calculator is a fantastic tool that can help you manage the various loan parameters to become debt free in the most efficient manner possible.

  • Loan Amount: Enter the Personal Loan amount using the slider or the edit box you wish to borrow. For better financial planning our monthly outgoings (EMI?s) should not be more than 40% of your monthly income.
  • Interest Rate: This is the Interest rate that is charged on the money borrowed. This rate is monthly reducing balance.
  • Tenure: Select the period for which you wish to take the Personal Loan. Generally personal loan tenures range from 1 to 5 years.
  • Processing Fees: Bank charges a processing fee at the time of disbursing a Personal loan.Processing fees typically vary between 1% to 5% of the loan amount.
  • EMI: By entering the four fields you can see your monthly EMI which you have to pay to the lender to pay off your personal loan. Based on your loan EMI output you can check your personal loan eligibility in real time at Based on your eligibility BankBazaar will show you customized personal loan offers from various banks. You can then select the best offer and apply online.
  • Break-up of your total amount payable: The EMI Calculator tool gives you the total personal loan amount payable to the lender. Your total loan amount payable is the sum of your loan amount (Principal), Interest payable and processing fees.
  • Starting Balance: The starting balance of any given period corresponds to the principal amount that is owed to the bank at the beginning of that period.
  • Interest Paid: This is the portion of your monthly payment that is applied towards interest.This portion will keep reducing each successive month as the personal loan matures. The rest of your monthly payment is applied towards the personal loan principal.
  • Principal Paid: This is the portion of your monthly payment that is applied towards the loan principal. This portion will keep increasing each month as the loan matures. The rest of your monthly payment is applied towards interest.
  • Ending Balance: The ending balance of any given period corresponds to the principal amount that is owed to the Bank at the end of that period.
  • You can switch to Annual view of your personal loan amortization.
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Further Reading

Top picks from our Financial Expert

News About Personal Loan EMI Calculator

  • Non-performing loans of NDFC sector to increase to 7.8 percent by March 2017

    India Ratings and Research said in a report that the overall gross NPA ratio of NBFCs is likely to rise to 7.8 percent by the end of March 2017. Out of the 7.8 percent gross NPL, 1.5- 1.7 percent increase will be because of the shift to 120 day NPL recognition norm in the 2016-17 financial year from 150 days at 2015-16 financial year. The report also mentioned that the moderation in incremental delinquencies in the sector will continue through the 2016-17 financial year.

    8th February 2015

  • Call to Spread Awareness on Tamil Nadu’s Amma Micro-Loans Scheme

    The cooperation department in Tamil Nadu has been urged to create awareness on the recently introduced Amma Micro-Loans Scheme for petty traders. Under the scheme, traders can avail approval for loans up to Rs. 5,000 without any interest from cooperative societies. The government will pay 11 percent interest to the cooperatives instead of the borrower. The traders have to repay the loan in 25 weekly instalments of Rs. 200 each. Those who repay their loans promptly can avail new loans at 4 percent interest. So far, the Tamil Nadu government has received 1,700 applications under the scheme and a cumulative of Rs. 38.45 lakh has been disbursed to 769 petty traders.

    2nd February 2015

  • Now get HDFC Personal Loans at its ATMs

    From February 3, customers of HDFC Bank can obtain personal loans and small loans through its ATMs. The move is aimed to help customers who find it more convenient to make transactions outside regular banking hours. The bank recently received approval from the Reserve Bank of India for its advanced analytics to determine the eligibility of customers before providing a personal loan. These analytics will examine a person’s profile, transaction details, credit and or debit card repayments, balances and salary credits. When a customer applies for a loan at the ATM kiosk, his/her profile is assessed. After an e-agreement authorised at the ATM, the loan is credited directly to their account. In the second phase, customers can avail credit cards and top-ups on existing loans through the ATM.

    1st February 2015

  • Women from Self-help groups to get Loan at 7% as per the RBI

    Banks have been asked by the Reserve Bank of India to provide loans to women Self Help Group (SHG), of up to Rs. 3 lakhs at an interest rate of 7%. The loans will be provided under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. All women will be eligible for this loan, however if they have existing credit with the Swarnjayanti Gram Swarozgar Yojana (SGSY), they will not be eligible. Commercial and cooperative banks in 150 districts will provide these loans to the women of SHGs.

    22nd January 2016

  • Small traders offered Interest-free loans by Jayalalitha

    In a bid to assist flood victims, Amma has rolled out an interest-free loan of Rs.5000 to small traders. This loan is being offered to help the flood victims restart their businesses. The loan scheme is called the Amma Small Traders Loan Assistance Scheme and is basically aimed at small vendors like fruit sellers, flower sellers and vegetable vendors. The borrower is required to repay the loan at Rs.200 per week for 25 continuous weeks. The rate of interest of 11% per annum will be paid by the State Government of Tamil Nadu to cooperative banks from whom loan is secured. 500 special camps for loan disbursement will be set up by cooperative banks over a period of ten days for small business owners.

    21st January 2016

  • Small scale industries request RBI to reduce interest rates on loans

    Recently, the Reserve Bank of India organized a meet with the representative of Medium and Small Scale Industries in Vizag to address their concerns. In the same meeting, the members of MSME requests the central bank to increase the bank loan repayment default period to 6 months from the previous period of 3 months. They also request the bank to reduce the interest rate on loans offered under the MUDRA scheme. The current interest rate charged on loans under the MUDRA scheme is 12%, which the representative of MSME request to reduce to 6%.

    21st January 2016

  • MSMEs Look to Extend Bank Loan Repayment Default Period

    18th January 2016: The Local MSMEs have urged the Reserve Bank of India and the government to extend the default period of Bank loan repayments. The current period is 3 months after which the loan becomes a non-performing asset. MSMEs are looking to extend this 3 month period to 6 months. The pleas was put forth at a town hall meeting organized by RBI at Vishakhapatnam where the representatives of MSMEs argued that the period should be extended as many of them were not receiving payments from the government and other bigger companies within the stipulated timeframe. Representatives not only sought for extension of time periods but also sought lower interest rates. The pleas argued for lowering interest rates from current 14% to 9% and have the Mudra Loan Interest Rates lowered from 12% to 6%. They feel that if the interest rates are not lowered, then the loans would defeat their purpose. The President for local MSME association, Mr Balaji argued that the interest rates for loans should always remain in single digits.

    20th January 2016

  • TN Chief Minister Jayalalithaa unveiled new norms for loans of the MSME sector

    With the recent floods in the state’s capital Chennai, many MSME sector traders and small traders were affected. TN Chief Minister Jayalalithaa, unveiled new steps such as lending which are interest-free, loan moratorium, relaxation norms for unemployed youth to start their self-employment ventures. The moratorium period for all loans taken by the MSME sector and small traders, have been given a 2 years on need basis by the Tamilnadu Industrial Investment Corporation Limited, they will also provide loans to repay the interest for a period of 6 months. Additional loans will provided for any lost property, stock, equipment, etc. The repayment of these loans also can be extended.

    19th January 2016

  • Quicken loan sanctions under Mudra Yojana

    Hansraj Ahir, the Union Minister for chemicals and fertilizers has urged bankers to quicken the process of loan sanctioning under the Mudra Yojana. This scheme is sponsored by the central government in order to provide loans for educated unemployed youths. Addressing officers and bankers at a joint review meeting of Mudra Yojana and Deendayal Upadhyaya Gram Jyoti Yojana, the minister said that financial assistance should be provided to employed youths for setting up small units. He also said that banks refusing loan sanctions under the Yojana will be served show cause notice.

    14th January 2016

  • Banks account for 52% of priority lending in Telangana

    The priority sector witnessed loans to the tune of Rs 11,636 crore from banks in Telangana during the previous quarter of 2015, accounting for 52% of their annual target. Banks had set a target of Rs 57,320.23 crore for the year, with advances in the quarter taking the total to Rs 35,088 crore. Priority sector and agricultural advances accounted for 33% and 14.85% of the advances provided, respectively. The state government will soon provide financial assistance under the Financial Inclusion Plan to over 258 villages in the coming months.

    12th January 2016

  • Farmers demand Higher Loan amount at lowest rates

    Following the growth in the agriculture industry, the agriculture lobby demands higher amount of loans at competitive rates. The Consortium of Indian Farmers Association general secretary B D Rami Reddy says that growth in the fishing and forestry sector has increased by 2.2% compared to 2.1% in the financial year 2014-2015. Following this, the CIFA demands that all farmers and tenant farmers should be granted loan of up to Rs 5 lakh at 4% interest. It also asks for increased coverage for crop insurance for farmers.

    7th January 2016

  • Retail Loans shine over Corporate Loans in November

    Retail loan has managed to outshine every other loan option in the market. The growth of retail loan was double the pace of any other loan in the market till the end of last year. The growth was higher than that of corporate loans which has proved that consumer sentiment is more important than the corporate investment outlook. Data obtained by an analysis conducted by the Reserve Bank of India has indicated that retail loan has grown 18% year on year in November of 2015 compared to 15.8% at the same time in 2014.

    5th January 2016

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How to Use
EMI Calculator
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