Personal Loan Calculator

Personal loans are unsecured and carry higher rates (10–24% p.a.).

A personal loan EMI calculator helps you estimate your monthly repayment before applying for an unsecured personal loan. Unlike home or car loans, personal loans carry higher interest rates (10–24% p.a. in India) because they require no collateral. Our tool shows your EMI, total interest, and full repayment schedule instantly.

Personal loan interest rates in India (2026): SBI Xpress Credit: 11.45–14.75%, HDFC Bank: 10.85–21%, ICICI Bank: 10.75–18.49%, Bajaj Finserv: 13–24%, Navi: 9.9–45%. The actual rate depends on your CIBIL score, income, employer category, and existing debt. A CIBIL score above 750 typically qualifies for the lowest rates.

Before applying, use this personal loan calculator online to check: (1) Is the EMI below 50% of your monthly income? (2) What is the total interest cost — is there a cheaper alternative like a gold loan or FD overdraft? (3) Can you prepay? Some lenders charge 2–5% prepayment penalty. Making an informed decision with this tool can save thousands of rupees.