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Personal loanPersonal loan EMI calculator
See the EMI, total interest and real cost (with processing fee) of a personal loan. Save the plan as a PDF.
Personal loan EMI
Your personal loan EMI
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%
years
months
%
Monthly EMI–
Total interest–
How it works
- EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan, r the monthly rate and n the number of months.
- The processing fee is paid up front, so the real cost of the loan is interest plus fee — both are shown here.
- Personal-loan interest is not tax-deductible, unless the money is used for business or to buy or build a house.
- Keep total EMIs within about 40–50% of take-home pay. Banks check this before approving a loan.
- Click Download PDF report to save your EMI plan with the full month-by-month schedule — ready to share with your bank or family.
Common questions
What is the real cost of a personal loan?
Total interest plus the processing fee. Enter the fee percentage above to see the full cost.
Is personal loan interest tax-deductible?
No, unless the money is used for business or to buy or build a house.
How much EMI can I afford?
As a rule of thumb, keep total EMIs within 40–50% of take-home pay. Banks check this before approving a loan.
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