See your monthly EMI, total interest and total repayment in seconds — and check whether the payment fits your income before you apply.
Loan closes in
Oct 2028
Interest on every ₹1 borrowed
15 paise
Using this calculator does not affect your credit score.
Use the numbers you would use when applying.
Lenders usually prefer total EMIs to stay under 40–50% of your net monthly income.
Affordability indicator
Your EMIs, including this loan, would be 29% of your income.
That leaves reasonable room for savings and emergencies.
These bands are a general rule of thumb, not a lender's rule. Each lender sets its own limits. Your total monthly outgo with this loan is ₹14,603.
An EMI (Equated Monthly Instalment) is the fixed amount you pay your lender every month until the loan is fully repaid. Each EMI has two parts: a portion that reduces your loan amount (the principal) and a portion that pays the interest for that month.
In the early months, most of your EMI goes towards interest. As your outstanding balance falls, more of each payment goes towards the principal — even though the EMI itself stays the same.
Type it in or drag the slider to the amount you plan to borrow.
Use the yearly rate from your offer, or try a few rates to see how much they matter.
Pick the number of months you want to repay over.
Your EMI, total interest and total payable update as you change any input.
Personal loans use the reducing-balance method — each month's interest is charged only on the amount you still owe. EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1] P: loan amount · r: monthly interest rate (annual rate ÷ 12 ÷ 100) · n: tenure in months
What moves the number — and what you can do about each.
A bigger loan means a bigger EMI at the same rate and tenure. You can borrow only what you need (10% less lowers EMI by ~₹960).
Even a small rate difference adds up over full tenure. A 1 percentage point lower rate (13%) saves about ₹2,261 in interest.
A longer tenure lowers the EMI but raises total interest. Pick the shortest tenure you can comfortably afford.
Lenders offer lower interest rates to borrowers with stronger credit histories. Check your credit score free before applying.
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