Estimate your personal loan EMI
Enter the borrowing amount, annual interest rate and tenure in months. The EMI calculator uses monthly reducing balance and shows monthly instalments, total interest and total repayment.
PLAN WITH PUBLISHED RATES
Personal loan interest rates, EMI calculator & lender comparison
Compare personal loan repayment estimates with published lender rates, or calculate using an annual rate from your own quote.
SIDE-BY-SIDE COMPARISON
Same amount. Same tenure. Up to three lenders.
Verify rates before you decide. Rates shown are indicative and may change or vary by tenure, amount, age, credit profile and eligibility. Check the latest rate, fees and terms on the bank or lender’s official website or directly with its branch before applying or investing.
Lower advertised rates may require specific eligibility or an intermediary application. Calculations are estimates, not lender offers.
EMI calculator
MONTHLY EMI—
Enter or select an interest rate to calculate.
- Principal
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- Total interest
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- Total repayment
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Compare before you decide
See published rates and estimated repayment costs for up to three lenders side by side.
Compare personal loan ratesMonthly reducing balance. Fees and rate changes excluded.
Verify rates before you decide. Rates shown are indicative and may change or vary by tenure, amount, age, credit profile and eligibility. Check the latest rate, fees and terms on the bank or lender’s official website or directly with its branch before applying or investing.
Understand personal loan rates and repayments
Why personal loan offers vary
A lender may assess income, employment, credit history and existing obligations before setting your rate. A published starting rate is not a guarantee of approval or the rate you will receive.
Compare repayment and fees together
A lower EMI can result from a longer tenure rather than a cheaper loan. Compare total interest and repayment, then ask about processing fees, applicable taxes and early repayment charges.
Use the rate and tenure that match your offer
The comparison uses available database records for the selected tenure. Check any lender notes and update dates. Enter your own rate in the separate calculator to evaluate a specific quote.
Frequently asked questions
How many personal loan lenders can I compare?
You can compare up to three lenders using the same amount and tenure. This keeps the repayment estimates comparable.
Does the calculator check loan eligibility?
No. It estimates repayments and compares maintained rate records. It does not assess creditworthiness or submit an application.
What happens if interest rates change?
The estimate assumes a constant rate. If your agreement allows rate changes, actual instalments or repayment duration may differ. Confirm the rate type with the lender.
Read our calculation and rate methodology · Financial disclaimer · Report a rate correction