Personal Loan Calculator

A personal loan is an unsecured loan — no collateral required — typically used for weddings, medical needs, travel or debt consolidation. Because it's unsecured, interest rates are higher (usually 10–24%) and tenures shorter (1–5 years).

Same EMI formula as any amortizing loan:

EMI = P × r × (1 + r)^n / [(1 + r)^n − 1]

Enter the loan amount you need, the interest rate the bank or NBFC has quoted, and your preferred tenure. Shorter tenures cost less in total interest, but the EMI is heavier — pick a tenure where the EMI fits comfortably under 30–40% of your monthly take-home.