Loan Calculators

Personal Loan Calculator

Calculate EMI and total interest on an unsecured personal loan.

About the calculator

What is the Personal Loan Calculator?

The Personal Loan Calculator is a free online tool that helps you make informed decisions about your money. Enter your numbers and the calculator gives you instant, accurate results.

Use it to compare scenarios, plan goals and validate assumptions — all without signing up.

Formula used
  • EMI
    EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
  • Total Interest
    Interest = (EMI × n) − P

Why use the Personal Loan Calculator?

Financial planning works only when it's specific. The Personal Loan Calculator converts assumptions into concrete numbers — so you can choose between scenarios with confidence rather than guesswork.

How it helps

By tweaking inputs and instantly seeing the impact, you build intuition for how the underlying variables interact. This is far more useful than abstract formulas alone.

What to remember

Calculators show possible outcomes based on the assumptions you provide. Real-world results may vary; review your plan periodically and adjust as your income, goals and circumstances evolve.

Frequently Asked Questions

An unsecured loan for any personal use; no collateral required.
10–18% depending on credit score, employer and lender.
Generally none, unless used for home improvement or business.
Up to ₹40 lakh for high-income borrowers.
1–7 years typically.
Stable income, CIBIL score 700+, debt-to-income within lender's limits.

Related Calculators

Zero brokerage. All segments.

Open a Flattrade Account

Trade equity, F&O, currencies and commodities at ₹0 brokerage. Powered by fast execution and advanced trading tools — built for serious investors.

Open Account