About the Personal Loan EMI Calculator
A personal loan is unsecured, so rates are higher than secured loans. Enter the loan amount, interest rate and tenure to see your monthly EMI, total interest and total repayment before you commit.
What to watch with personal loans
Personal loans carry higher rates (often 11–24%) because they’re unsecured, and tenures are usually 1–7 years. Because interest is high, borrow only what you need and prefer a shorter tenure to limit the total interest.
Personal Loan EMI Calculator — frequently asked questions
Why are personal loan rates higher?
Personal loans are unsecured (no collateral), so lenders charge higher interest to offset the risk, typically 11–24% a year.
Should I choose a longer tenure?
A longer tenure lowers the EMI but raises total interest. With high-rate personal loans, a shorter tenure usually saves significant interest.