👤 Personal Loan EMI Calculator
Calculate your personal loan EMI and total interest, then check how much you are eligible for from your income and existing obligations. Advanced mode adds rate comparison, prepayment modelling and a balance-transfer verdict.
EMI Calculator
Full 6-module loan deep analysis
🔒 Locked to Personal. Switch loan type.
Step 1 of 7
How much loan can you get?
Banks use FOIR (Fixed Obligation to Income Ratio) to cap your total EMI burden.
Net Monthly Income
Take-home salary or business income after tax
Existing EMIs / Month
All current loan repayments combined
FOIR Limit
Most banks allow 40–50% of income toward all EMIs
Enter your monthly income to calculate maximum loan eligibility.
Index
EMI & Loan Questions — Answered Directly
25 questions across Home, Personal, Car, and Education loans. India-specific, updated for RBI 2025–26 rules, no lender recommendations.
Home Loan EMI
Personal Loan EMI
Car Loan EMI
Education Loan EMI
General EMI
What This Personal Loan Calculator Does
- EMI and total interest for any amount, rate (typically 10.5–24% p.a.) and tenure
- Eligibility from net income and existing EMIs using the 40–50% FOIR rule
- How CIBIL score moves your rate — and what that costs over the tenure
- Prepayment / foreclosure modelling with RBI 2025 floating-rate charge rules
- Step-up EMI option to model rising income over the loan term
Personal Loan EMI — Frequently Asked Questions
How is personal loan EMI calculated?
The same reducing-balance formula as any loan: EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ – 1]. Personal loan rates are higher — typically 10.5–24% p.a. A ₹5L loan at 14% for 3 years is an EMI of about ₹17,089/month with ~₹1.15L total interest.
How much personal loan am I eligible for?
Eligibility is driven by net monthly income and existing EMIs, with most lenders capping total EMIs at 40–50% of take-home. On ₹60,000/month with no existing EMIs you may service a ₹25,000–₹30,000 EMI — about ₹11–13L at 14% for 5 years. A CIBIL score above 750 gets the best rates.
How does CIBIL score affect my personal loan EMI?
CIBIL does not change the EMI formula — it sets your rate. Above 750 you may get 10.5–12%; 700–750 climbs to 14–18%; below 700 often means rejection or 20%+. On ₹5L for 3 years, 12% vs 20% is about ₹1,074/month and nearly ₹38,000 in extra interest.
Other Loan Types
Each loan type has its own calculator with type-specific logic. The all-in-one EMI Calculator hub lets you pick any type and switch freely.