Plan your personal loan EMI in seconds. Adjust amount, tenure, and rate to find an EMI that fits your budget.
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3 years
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| 1 | ₹1,44,858 | ₹58,754 | ₹2,03,612 | ₹3,55,142 |
| 2 | ₹1,65,670 | ₹37,942 | ₹2,03,612 | ₹1,89,473 |
| 3 | ₹1,89,472 | ₹14,139 | ₹2,03,612 | ₹0 |
A personal loan is an unsecured loan that lets you finance weddings, medical emergencies, travel, home renovations and more — with no collateral. Use this calculator to estimate your monthly EMI before you apply, so you can borrow smart.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the tenure in months. Our calculator automates this for you.
Three factors: loan amount, interest rate, and tenure. Higher amounts or rates raise your EMI; longer tenures lower the EMI but raise total interest paid.
Indian banks offer personal loans between 10.5% and 24% p.a. depending on your credit score, income, and employer. A CIBIL score above 750 gets you the best rates.
LoanMax pre-checks your eligibility across 50+ lenders instantly. Just download this report and our team will match you with offers suited to your profile.
Most lenders offer personal loans from ₹50,000 up to ₹50 lakh depending on income and credit score. LoanMax partners cover the entire range.
Tenures range from 12 to 84 months. A shorter tenure means less total interest but a higher EMI. Pick the longest tenure you can afford without pinching your monthly budget.
Most banks charge 2–5% foreclosure fees on fixed-rate personal loans. Some NBFCs waive these after 12 EMIs. The PDF report includes lender-wise details.
No. LoanMax does a soft pull during eligibility checks — it does not affect your credit score. A hard pull happens only when you accept a final offer.
Yes. Self-employed applicants can use bank statements and ITR; some lenders accept alternative income proof. We'll show you which partners accept your profile.
Pre-approved customers get disbursal within 2 hours. First-time applicants typically see funds in 24–48 hours after document verification.