Personal Loan Calculator
Check what a personal loan really costs — EMI, interest and full schedule — before you borrow.
Personal loans are unsecured, so rates run 10–24% — much higher than home or car loans. A ₹3 lakh loan at 12% for 3 years costs about ₹9,950/month, with roughly ₹58,000 in total interest. Always compare at least three lenders before signing.
How to use the personal loan calculator
- Enter the loan amount you need.
- Set the rate and tenure offered.
- Check total interest before you commit.
Personal Loan Calculator — FAQs
Why are personal loan rates so high?
There’s no collateral, so the lender takes more risk. Rates of 10–24% are normal; your credit score decides where you land in that range.
What is a good credit score for a personal loan?
750+ gets you the best rates. Below 700, expect higher rates or rejection — check your CIBIL score before applying.
Are there hidden charges?
Watch for processing fees (1–3% of the loan), prepayment penalties, and GST on both. The calculator shows interest; add fees mentally to get true cost.
Personal loan vs credit card for big expenses?
Personal loans are far cheaper — 12% vs 36–42% APR on cards. Never carry large balances on a credit card if a personal loan is an option.
Keep exploring
People who used this also opened:
EMI Calculator →
Work out your exact monthly EMI for any home, car or personal loan.
loansCredit Card Payoff Calculator →
See how fast you can clear card debt, compare payoff strategies and save on interest.
loansLoan Eligibility Calculator →
Find out how much loan you can actually get — based on income and existing EMIs.
loansLoan Comparison Calculator →
Compare two loan offers side by side — EMI, interest and true total cost.