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Personal Loan Calculator

Calculate your personal loan EMI and total interest payable

Loan Details

Processing fee: ₹10,000

Monthly EMI

₹0

Principal Amount:₹5,00,000
Total Interest:₹0
Processing Fee:₹10,000
Total Cost:₹10,000

Loan Summary

Loan Amount₹5,00,000
Interest Rate12% p.a.
Loan Tenure36 months (3 years)
Monthly EMI₹0
Total Interest₹0
Processing Fee₹10,000
Total Cost₹10,000

Payment Breakdown

Principal Amount5000.0%
Total Interest0.0%
Processing Fee100.0%

0.0%

Interest on Principal

₹0

Annual Payment

About Personal Loans

What is a Personal Loan?

A personal loan is an unsecured loan provided by banks and financial institutions for various personal needs like medical emergencies, weddings, travel, debt consolidation, or home renovation.

Interest Rates

  • • Typically range from 10.5% to 24% p.a.
  • • Rate depends on credit score and income
  • • Fixed interest rate throughout tenure
  • • No collateral required

Eligibility Criteria

  • • Age: 21-60 years (varies by lender)
  • • Minimum income: ₹15,000-₹25,000/month
  • • Good credit score (750+)
  • • Stable employment history

Additional Charges

  • • Processing fee: 1-3% of loan amount
  • • Prepayment charges: 2-5% (if applicable)
  • • Late payment penalty: ₹500-₹1,000
  • • GST applicable on all charges