Personal Loan EMI Calculator
Calculate personal loan EMI for SBI, HDFC, ICICI, Axis, Kotak and other banks. Compare tenure options instantly.
Loan Details
Results
Your Monthly EMI
₹16,488
Principal
₹5,00,000
Total Interest
₹93,568
Total Payment
₹5,93,568
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹1,47,995 | ₹49,861 | ₹3,52,005 |
| 2 | ₹1,65,941 | ₹31,915 | ₹1,86,063 |
| 3 | ₹1,86,063 | ₹11,793 | ₹0 |
Personal loan interest rates (2026)
Personal loan rates in India range from 10.49% to 24% depending on your credit score, employer category (listed corporate vs SME), and relationship with the bank. Top-tier borrowers at IDFC First, HDFC, and Axis get rates as low as 10.49-11%.
Tenure is typically 12 to 60 months. Processing fee is 1-3% of loan amount. Prepayment charges apply for the first 6-12 months at most banks.
Frequently Asked Questions
Everything you need to know, in one place.
What is the interest rate for a personal loan in India?
Personal loan rates range from 10.5% to 24% p.a. depending on your credit score, employer, and lender. Prime customers get lower rates.
What is the max personal loan tenure?
Most Indian banks offer personal loan tenures of 12 to 60 months (1 to 5 years). A few lenders extend up to 7 years.
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