Personal Loan EMI Calculator
The short answer
A personal loan of 2 lakh at 14 percent for 3 years has an EMI of about ₹6,836. In total you pay ₹2,46,079, of which ₹46,079 is interest. Personal loans cost more than education or home loans, so check the rate and any processing fee first.
For education loans: the study period plus any grace period before payments start. Interest in this time is added to the loan.
Monthly EMI
₹6,836
Loan amount
₹2,00,000
Total interest
₹46,079
Total payment
₹2,46,079
Month-by-month schedule (36 payments)
| Month | Interest | Principal | Balance |
|---|---|---|---|
| 1 | ₹2,333 | ₹4,502 | ₹1,95,498 |
| 2 | ₹2,281 | ₹4,555 | ₹1,90,943 |
| 3 | ₹2,228 | ₹4,608 | ₹1,86,335 |
| 4 | ₹2,174 | ₹4,662 | ₹1,81,674 |
| 5 | ₹2,120 | ₹4,716 | ₹1,76,958 |
| 6 | ₹2,065 | ₹4,771 | ₹1,72,187 |
| 7 | ₹2,009 | ₹4,827 | ₹1,67,360 |
| 8 | ₹1,953 | ₹4,883 | ₹1,62,477 |
| 9 | ₹1,896 | ₹4,940 | ₹1,57,537 |
| 10 | ₹1,838 | ₹4,998 | ₹1,52,539 |
| 11 | ₹1,780 | ₹5,056 | ₹1,47,483 |
| 12 | ₹1,721 | ₹5,115 | ₹1,42,369 |
| 13 | ₹1,661 | ₹5,175 | ₹1,37,194 |
| 14 | ₹1,601 | ₹5,235 | ₹1,31,959 |
| 15 | ₹1,540 | ₹5,296 | ₹1,26,663 |
| 16 | ₹1,478 | ₹5,358 | ₹1,21,305 |
| 17 | ₹1,415 | ₹5,420 | ₹1,15,885 |
| 18 | ₹1,352 | ₹5,484 | ₹1,10,401 |
| 19 | ₹1,288 | ₹5,548 | ₹1,04,854 |
| 20 | ₹1,223 | ₹5,612 | ₹99,242 |
| 21 | ₹1,158 | ₹5,678 | ₹93,564 |
| 22 | ₹1,092 | ₹5,744 | ₹87,820 |
| 23 | ₹1,025 | ₹5,811 | ₹82,009 |
| 24 | ₹957 | ₹5,879 | ₹76,130 |
| 25 | ₹888 | ₹5,947 | ₹70,183 |
| 26 | ₹819 | ₹6,017 | ₹64,166 |
| 27 | ₹749 | ₹6,087 | ₹58,079 |
| 28 | ₹678 | ₹6,158 | ₹51,921 |
| 29 | ₹606 | ₹6,230 | ₹45,692 |
| 30 | ₹533 | ₹6,302 | ₹39,389 |
| 31 | ₹460 | ₹6,376 | ₹33,013 |
| 32 | ₹385 | ₹6,450 | ₹26,563 |
| 33 | ₹310 | ₹6,526 | ₹20,037 |
| 34 | ₹234 | ₹6,602 | ₹13,435 |
| 35 | ₹157 | ₹6,679 | ₹6,757 |
| 36 | ₹79 | ₹6,757 | ₹0 |
Everything runs in your browser. What you type is not sent anywhere.
How to: Personal Loan EMI Calculator
- 1Type the loan amount.
- 2Type the yearly rate the lender offers.
- 3Set the period in months, for example 36.
- 4Read the EMI and compare lenders by the total interest, not only by the EMI.
At a glance
- Example
- 2 lakh at 14% for 36 months
- EMI
- ₹6,836 a month
- Total interest
- ₹46,079
Frequently asked questions
Why compare the total interest?
A longer loan has a smaller EMI but more interest. Two offers with the same EMI can cost very different amounts overall, so look at the total payment.
Does the calculator include the processing fee?
No. It works out the EMI on the loan amount only. Fees and insurance are extra, so ask the lender for the full cost.