A personal loan can be the best solution to manage your uninvited expenses. Use our easy and simple Personal Loan EMI calculator to know how much you will need to pay as EMIs. You can calculate the EMI and the total interest payable on the basis of the loan tenure and loan amount you entered.
Its free! No Hidden charges and fees.
- Use the loan amount slider to choose your desired loan amount.
- Use the loan period slider to select your desired loan tenure.
- The interest rate offered to you would depend on the loan amount and loan tenure you choose.
Starting from 10.99%, without any security or collateral
Your loan amount will be deposited into your account within 2 days
We will give you a no obligation quote that will not affect your credit rating
Our loan application process takes only 2 minutes to complete and you will receive an instant online approval
Zero charges if you wish to re-pay your loan early
Your EMI is fixed for the term of your loan
The monthly repayment shows the Equated Monthly Instalment you will be paying as per the loan amount, loan tenure and the rate of interest you entered.
The total interest payable will be the total interest that is calculated on the basis of the values you entered.
The total amount to pay is the sum of the principal amount and the interest you are liable to pay for the stipulated interest rate, duration, and loan amount.
Credit score plays an important role in deciding the interest rate of a personal loan. In fact, a score above 750 or above can give you the power to negotiate on the given interest rate.
The loan amount is another factor that plays an important role in deciding the interest rate. Which is why it is advisable to take the amount that you need to save on interest costs.
The loan tenure or the duration for which the loan is sanctioned is another factor that comes into play. There is an inverse relationship between the loan tenure and the interest rate. The longer the loan tenure, the lower the interest rate and vice-versa.
Your employer is another important factor that is considered when deciding your personal loan interest rate. The reputation of the employer and the number of years you’ve been associated with them contributes to determining the interest rate. For example, if you work with a highly reputed and established firm, the chances of you getting a low-interest rate is higher.
Individuals with higher income and job stability are likely to get a low-interest personal loan. This is because a consistent income gives the lender the much-needed trust that the loan will be repaid. This is why lenders have a minimum income requirement as their prerequisites.