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

  • Loan disbursal started by Bandhan Bank

    Bandhan Bank, one of the latest entrants in the Indian banking scene has started its loan disbursal process in the country, with offerings in retail, agriculture and small & medium sectors. The bank has used its base rate to link all its loan products, with the base rate set at 12% per annum. Started in August, Bandhan Bank has managed to achieve deposits worth Rs 3,700 crore and expects to add another 428 crores by means of investment from International Finance Corporation and GIC.

    Bandhan Bank has a current capital base of Rs 2,570 crore, almost 5 times the regulatory requirement and hopes to increase this to over Rs 3,000 crore by 2016. With competitive deposit rates, the bank hopes to edge ahead of competition, offering interest rates between 4.25% and 9% per annum on its savings accounts.

    26th November 2015

  • MSME approaches RBI put a check on foreclosures charges levied by non-banking companies

    Recently, the Mysore District Micro, Small and Medium Enterprise Association (MDMSMEA) has asked for intervention from the Reserve Bank of India (RBI) to put restriction on the foreclosure charges charged by non-banking financial companies. There is also a dissatisfaction over the rate of interest charged by these institutions on business loans.

    According to MDMSMEA president T.D. Jayachandra Urs, the interest rates charges by the non-financial companies ranges between 19% to 21%. Besides, they charge a high amount of foreclosure charge which is 5% of the total outstanding amount. As opposed to what these non – banking financial organizations charge as interest rates, the public sector banks charge between 11% to maximum 13%. Many entrepreneurs approach the non-banking financial companies for business loan because they maintain a fast and hassle-free process of documentation and loan disbursal. Because of the procedural delays caused by public banks, these entrepreneurs seek business loans form the non-banking financial institutions. If the public sector banks can offer loans without causing much delay and collateral, the entrepreneurs would prefer to approach these public banks for their business loans.

    25th November 2015

  • Medical Loans for the financially weak

    Arogya Finance in collaboration with Dr Reddy’s Laboratories has decided to provide medical loans for treatment of Hepatitis C. Arogya Finance will facilitate easy equated monthly instalments (EMI) for patients in order to pay for Resof, a drug for Hepatitis C. Patients can also avail loans for other therapies provided by Dr Reddy’s Laboratories.

    Unlike other finance institutions, Arogya Finance does not require collaterals or formal income proof. The organization offers a loan and makes it easily available within 24 hours. The medical loans are offered to the traditionally unbankable, with the help of a psychometric test as a risk assessment tool to enable evaluation of the credit risk profile of people outside the formal banking system. The borrowers can repay the loans in EMIs of up to 36 months. The EMI is calculated in such a way that it does not exceed 25 per cent of the total family income.

    19th November 2015

  • Now avail loans through Bajaj Finserv finance app

    Bajaj Fiserv, the market leader in consumer durable finance in India, has launched Bajaj Fiserv Experia App, through this EMI finance mobile application, which is India’s first ever, the lender aims to ease the instant EMI finance process for consumers by providing those approvals on the go. With the app, customers can get instant loan approvals of up to Rs.3 Lakh with a simple tap on their smartphone. This not only improves the chance of a quick approval, but also makes them eligible of higher loans. All the customer has to do is share only the first 6 digits of their credit card and get the extra advantage. They can also keep a track of the status of their loan application.

    13th November 2015

  • Foreign Loans Being Tried By Banks at a Lower Rate

    The state government aims to acquire loans at 4% interest from overseas to ease the pressure faced by the state treasury. A debt of more than Rs. 3 lakh crore on a state exchequer has urged Maharashtra to pay the most amount of interest on loans, escalating from Rs. 10,000 crore to Rs. 27,000 crore. Sudhir Mungantiwar, the finance minister, said that countries such as Singapore, Japan and China are willing to provide loans to customers at lower rates, but Indians intend to take loans and make repayments in INR and not the currency of the country from which they attain the loan. It has been revealed that talks with Singapore are ongoing at the moment, and if both parties manage to strike a deal, the state will save Rs. 30,000 crore in a matter of four years.

    29th October 2015

  • Slashed Repo Rates Benefits Borrowers

    While the RBI cutting repo rates in 2015 may have brought down interest rates on personal loans, it may not have affected the EMI. This is because no bank alters EMIs as per fluctuating interest rates. Only the loan’s tenure is adjusted for the sake of convenience. A slash in the interest rates decreases the tenure of the loan. The full benefit of policy rates may not be passed to customers.

    On the brighter side, a cut in interest rates has led to the reduction of real estate and vehicle prices. With major banks reducing the interest rates by as much as 40 basis points, it is beneficial for new borrowers. Approaching banks that offer personal loans at lower interest rates can leave borrowers with higher disposable income and better savings.

    20th October 2015

  • Fullerton India, launches new Personal Loan product for salaried women at special interest rate

    For salaried women exclusively, based in metro cities, urban and semi urban areas Fullerton India launches a new Personal Loan product called ‘Nari Shakti’. Fullerton India is a non-banking financial company that is offering an unsecured personal loan exclusively for salaried woman with an amount of up to Rs. 10 lakhs. The rate of interest charged for these loan will be 200 base points than their normal personal loan rate. The non-banking financial company has taken this step to ensure the financial independence of women and empower and encourage them to follow their dreams.

    14th October 2015

  • Vijaya Banks base rate cut by 20 basis points

    Vijaya Bank cut its base rate to 9.65% with effect from October 8. The base rate cut was announced after the RBI announced repo rate cut in the first week of October. Since June 2015, the bank has cut their base rate by 60 basis points. The rate cut will ease the credit offtake and the retail customer will benefit. The bank said that the personal loans, and other segment will benefit from the rate cut.

    8th October 2015

  • HDFC Bank offers digital banking in Goa

    With digital banking booming, HDFC Bank has now decided to lead offers like mobile banking and internet banking in Goa with full gusto. The bank has decided to launch a unique scheme, give their demat customers the choice to design and structure their personalized loan online. This step will help save time for the customers and make approvals move faster. The customer can also apply for personal loans, other loans and choose the pledge amount with the bank by setting their own limits.

    7th October 2015

  • The Impact of the repo rate cut on Personal loans

    With the RBI reducing its repo rate of interest by 50 points the repo rate is now at 6.75% in comparison to the 7.25% earlier. All loans are dependent on the repo rate as this decide the minimum base rate that banks are allowed to lend funds at to potential borrowers. In the last 24 hours, SBI, Axis bank, UCO, OBC, Andhra Bank have already reduced their base rate.

    This rate cut will lead to lower EMIs on all loan products, from personal and other loans. You can also save if the rates reduce further the cumulative savings can be big. The EMIs on your loans will reduce thanks to the cut in interest rate and the interest payable on the amount also will be less leading to savings. If you’re looking taking up a loan of any kind be it personal or any other loans now is the right time.

    5th October 2015

  • MSME Loans now available with Bandhan Bank

    Now the it is earlier to grow from a small or medium business to a large one, Bandhan Bank is now offering a range of loans to increase your business and create more income. The maximum loan amount an applicant is allowed will be Rs. 25,00,000 for 5 years. These loans can be taken for wide range of business requirements, such as working capital, new equipment, commercial vehicle loan, term loan, Samriddhi Business loan.

    28th September 2015

  • Loan mela without collateral by Indian Bank for small businesses.

    With the MUDRA loan mela, organised by Indian Bank and many other private sector banks offering loans to small businessmen without collateral, the Mudra loan (Micro Units Development and Refinance Agency) The disbursal of the loan will take place after the 25 September 2015, after the loan application are received by the banks. Small businessmen can avail for loans of up to Rs. 50,000 to Rs. 5 lakh and If you would like to avail the loan under Shishu, Kishore and Tarun categories then the amount of Rs. 5 lakh to Rs. 10 lakh would be given to the applicant. The applicant will need to pay a interest of 12% . These loans will be given out under the Pradhan Mantri Mudra Yojana

    25th September 2015

  • Women Entrepreneurship Development Programmes by the MSME

    In a move to encourage and support female entrepreneurs and artisans, the Ministry of Micro, Small and Medium Enterprises (MSME) has implemented schemes directed at providing financial benefits and employment opportunities for women.

    A total of Rs.6.70 crore has been allocated for the FY 2015-2016 for the two schemes mentioned below:

    1. The Mahila Coir Yojana

    Under this scheme, women artisans are given training and counselling, after which financial assistance is provided for them to acquire ratts that are used for spinning coir yarn. Motorized ratts – both regular and traditional – are given at a 75% cost subsidy (up to a maximum of Rs. 7,500 for regular motorized ratts and Rs.3,200 for traditional motorized ratts). Beneficiaries are expected to raise the remaining 25%.

    2. Trade Related Entrepreneurship Assistance and Development (TREAD)

    Loans and financial assistance is provided from Government grants and from Nationalized banks at the rate of 30% of the loan (subject to a maximum of Rs.30,00,000) though NGOs for women who are starting entrepreneurial self-employment ventures that aren’t directly farm-related. This program aims to economically empower women using trade-related training, product-related services, training, and counselling.

    In addition to these, the Chhattisgarh and Uttar Pradesh Governments are setting up the Women Entrepreneurship Award Scheme and the Mahila Udyami Protasahan Yojana, respectively, to promote and support women entrepreneurs.

    14th August 2015

  • MSME credit applications can now be submitted and tracked online

    Karnataka Bank has streamlined processes and created a system through which people can submit MSME loan applications, and track their credit proposals online.

    The system allows applicants to submit applications for MSME credit over the internet, and also provides the facility by which customers will be intimated about the details and status of their application over e-mail. In addition to this, the system also allows you to track the status of all MSME credit request that’s been submitted directly at branches

    Karnataka Bank has a lot of loan products that are aimed at MSMEs, with over 160 specialised branches that deal only with the MSME in over 100 clusters in 16 states across India, Karnataka Bank hopes to be one of the major players that’s lending to this sector.

    Through this new platform, MSME credit applicants and apply online and track the status of their application online, encouraging more potential MSME owners to do the same.

    12th August 2015

  • Personal Loan EMIs to
    come down following
    the RBI mandate.

    Following the recent rate cut made by the Reserve Bank of India, borrower’s EMIs could reduce for all kinds of loans including personal loans. Vijayalakshmi Iyer, the chief managing director of Bank of India, says that EMIs will certainly reduce, marginally, following this rate cut. According to her, this is a surprise move taken by RBI which will definitely push banks to drop interest rates soon. She also states that the banking system will not be able to pass on the entire 50 bps that has been cut by the RBI recently. Nevertheless, some amount will be surely transmitted.

    13th March 2015

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How to Use
EMI Calculator
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