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Personal Loan EMI Calculator 2026: Monthly EMI & Total Interest
Calculate your Personal Loan EMI instantly. Example: ₹3 Lakh at 13% for 3 years = ₹10,108 per month. Free, with a year-by-year schedule.
₹3 Lakh
Rates shown are examples. Check your bank's current rate.
Monthly EMI
₹10,108
- Principal: ₹3,00,000
- Total interest: ₹63,895
- Total payment: ₹3,63,895
EMI on a ₹3 Lakh Personal Loan at 13%
| Tenure | EMI | Total interest |
|---|---|---|
| 1 years | ₹26,795 | ₹21,542 |
| 3 years | ₹10,108 | ₹63,895 |
💡 Good to know
Personal loans are unsecured, so rates are higher. Check the processing fee and prepayment charges too.
Questions people ask
How is EMI calculated?+
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months.
How can I reduce my EMI or total interest?+
A longer tenure lowers EMI but increases total interest. A lower rate, bigger down payment or part-prepayments reduce total interest the most.
Is this EMI calculator accurate?+
It uses the standard reducing-balance formula used by Indian banks. Your bank's final EMI may differ slightly due to fees, rounding or the date of disbursement.