Personal Loan Calculator
Calculate your monthly personal loan EMI, total interest and total repayment with the standard EMI formula. — free, fast and private.
Your personal loan EMI will appear here.
Example: $20,000 loan at 12% for 3 years → EMI about $664 per month, total interest about $3,900.
How to use Personal Loan Calculator
- Enter the personal loan amount.
- Enter the annual interest rate.
- Enter the loan tenure in years.
- Click Calculate to see your monthly EMI, total interest and total repayment.
Note: this tool runs in your browser. Nothing is uploaded.
Frequently Asked Questions
What is the personal loan EMI formula?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate and n is the number of monthly payments.
Are personal loan rates higher than home loans?
Usually yes. Personal loans are unsecured, so rates are typically higher than secured home or car loans.
Can I pay off a personal loan early?
Often yes, but some lenders charge a prepayment fee. Check your loan agreement before paying early.
Is my data uploaded anywhere?
No. All calculations run in your browser and your numbers are never sent to a server.