Personal Loan EMI Calculator
Personal loans are unsecured and carry higher interest rates — typically 10.5% to 24% per annum. Calculate your exact monthly EMI and total interest cost before taking a personal loan.
₹3.00 L Personal Loan · 14% p.a. · 3 years
₹10,253/month
EMI at Different Interest Rates (3 Years)
| Interest Rate | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 8.35% | ₹9,449 | ₹40,179 | ₹3.40 L |
| 8.75% | ₹9,505 | ₹42,182 | ₹3.42 L |
| 9.25% | ₹9,575 | ₹44,695 | ₹3.45 L |
| 10% | ₹9,680 | ₹48,486 | ₹3.48 L |
Rates as of 2026. Actual rates vary by lender and borrower profile.
EMI for Different Loan Tenures (14% p.a.)
| Tenure | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 10 years | ₹4,658 | ₹2.59 L | ₹5.59 L |
| 15 years | ₹3,995 | ₹4.19 L | ₹7.19 L |
| 20 years | ₹3,731 | ₹5.95 L | ₹8.95 L |
| 25 years | ₹3,611 | ₹7.83 L | ₹10.83 L |
| 30 years | ₹3,555 | ₹9.80 L | ₹12.80 L |
★ marks your selected tenure. Shorter tenure = lower total interest but higher monthly EMI.
Frequently Asked Questions
What is the EMI for a ₹3 lakh personal loan at 14% for 3 years?
The EMI for a ₹3 lakh personal loan at 14% for 3 years is approximately ₹10,252/month. Total amount paid is approximately ₹3.69 lakhs, of which ₹69,000 is interest.
How can I reduce personal loan interest?
Maintain a credit score above 750 to qualify for lower rates. Compare offers from 3–5 banks and NBFCs — rates can vary by 3–5%. Also check if a loan against fixed deposit or gold loan offers a lower rate for your needs.
Is a 5-year personal loan better than a 3-year personal loan?
A 5-year tenure has lower monthly EMI but significantly higher total interest paid. On a ₹3 lakh loan at 14%, 5 years costs approximately ₹1.22 lakhs in interest vs ₹69,000 for 3 years. Always choose the shortest tenure you can comfortably afford.
Calculate with Your Own Numbers
Use our interactive EMI calculator to model any loan amount, interest rate, and tenure — with a full amortization schedule.
Open Interactive EMI Calculator →