Personal Loan EMI Calculator
Calculate your monthly EMI and total repayment for a personal loan.
₹
%
Monthly EMI
₹11,377
Interest makes up 26.7% of your total payments.
Total interest
₹1.83 Lakh
Total payment
₹6.83 Lakh
Principal vs. interest
Yearly amortization
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹75,937 | ₹60,581 | ₹4,24,063 |
| 2 | ₹86,419 | ₹50,099 | ₹3,37,643 |
| 3 | ₹98,348 | ₹38,171 | ₹2,39,295 |
| 4 | ₹1,11,923 | ₹24,595 | ₹1,27,372 |
| 5 | ₹1,27,372 | ₹9,146 | ₹0 |
Formula
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]
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Frequently Asked Questions
Are personal loan interest rates usually higher than home loans?
Yes. Personal loans are typically unsecured, so lenders generally charge higher interest rates compared to secured loans like home loans.