Loans
Personal Loan EMI Calculator
Personal loans are unsecured — banks charge 10–18%, NBFCs go up to 24%. Tenures usually 1–7 years. Use this to find your exact monthly EMI before signing.
Inputs
₹
₹50.0 K₹50.00 L
%
9.00%28.00%
yr
1 yr7 yr
Monthly EMI
₹11,377
Total interest
₹1,82,592
Total payment
₹6,82,592
Payment breakdown
Principal vs Interest · 5 time period
PrincipalInterest
Personal loan rate ranges (May 2026)
| Lender type | Typical rate | Best for |
|---|---|---|
| Public sector banks (SBI, BoB) | 10.50–14% | Lowest rate, slower processing |
| Private banks (HDFC, ICICI, Axis) | 10.75–18% | Fast disbursal, decent rates |
| NBFCs (Bajaj, Tata Capital) | 14–24% | Easier eligibility, higher cost |
| Fintech apps (KreditBee, MoneyTap) | 18–28% | Last resort only |
Tips before taking a personal loan
- • Check existing relationships — your salary account bank often gives 0.25–0.5% lower rate
- • Personal loan interest is not tax-deductible (unlike home loan)
- • Negotiate processing fee — 1–2.5% of loan amount, often waivable
- • Pre-payment is usually allowed after 6–12 months without penalty
- • Longer tenure = much higher total interest. Stretch only if EMI strain is real