Check the real monthly cost of a personal loan before you sign.
No daily limit No watermark No sign-up Files never uploaded
See year-by-year schedule
Popular uses
About this tool
Personal loans and app loans often have high interest rates (11–30% a year). Type the exact rate from the offer to see the true total. Watch out for processing fees and “flat rate” offers — a 12% flat rate is close to 21% in real (reducing) terms.
How to use the EMI calculator
1Enter loan amountThe amount you will borrow, after your down payment.
2Enter rate and timeThe yearly interest rate from your bank, and the loan time in years or months.
3See your EMIMonthly EMI, total interest and total payment update instantly.
Questions people ask
What is a flat rate vs reducing rate?
A flat rate charges interest on the full amount for the whole time; a reducing rate charges only on what is left. This calculator uses the reducing rate, which banks must show.