Personal Loan EMI Calculator (Oct 2026)
Calculate the monthly EMI, total interest and repayment schedule for any personal loan. Defaults use 11% for 5 years; change them to match your offer.
Personal Loan EMI for common amounts
| Loan amount | EMI (11%, 5 yr) | Total interest | |
|---|---|---|---|
| ₹50,000 | ₹1,087 | ₹15,227 | All rates |
| ₹1 Lakh | ₹2,174 | ₹30,455 | All rates |
| ₹2 Lakh | ₹4,348 | ₹60,909 | All rates |
| ₹3 Lakh | ₹6,523 | ₹91,364 | All rates |
| ₹4 Lakh | ₹8,697 | ₹1,21,818 | All rates |
| ₹5 Lakh | ₹10,871 | ₹1,52,273 | All rates |
| ₹6 Lakh | ₹13,045 | ₹1,82,727 | All rates |
| ₹7 Lakh | ₹15,220 | ₹2,13,182 | All rates |
| ₹8 Lakh | ₹17,394 | ₹2,43,636 | All rates |
| ₹10 Lakh | ₹21,742 | ₹3,04,545 | All rates |
| ₹12 Lakh | ₹26,091 | ₹3,65,454 | All rates |
| ₹15 Lakh | ₹32,614 | ₹4,56,818 | All rates |
| ₹20 Lakh | ₹43,485 | ₹6,09,091 | All rates |
| ₹25 Lakh | ₹54,356 | ₹7,61,363 | All rates |
Personal loan rates at banks currently start around 10–11% p.a. for salaried borrowers with strong credit and can exceed 20% at NBFCs and for lower scores.
Frequently asked questions
What is the current personal loan interest rate?
Personal loan rates at banks currently start around 10–11% p.a. for salaried borrowers with strong credit and can exceed 20% at NBFCs and for lower scores. Your exact rate depends on credit score, income, employer and the lender.
What is the maximum tenure for a personal loan?
Lenders typically offer up to 5 years for a personal loan. A longer tenure lowers the EMI but increases total interest.
Does prepaying reduce my EMI?
Part-prepayment reduces the outstanding principal. You can usually choose to keep the EMI and shorten the tenure (saves the most interest) or keep the tenure and lower the EMI. Floating-rate loans to individuals carry no prepayment penalty under RBI rules.