Personal Loan EMI Calculator 2026
Calculate your personal loan EMI instantly. Rates starting from 10.50% p.a.
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Personal Loan Quick Facts
- No collateral needed — 100% unsecured
- Fastest approval — as quick as 4 hours
- Rates: 10.50%–36% p.a. (credit score dependent)
- Tenure: 1–7 years typically
Who Gets the Best Rate?
CIBIL 750+ with stable salaried income in MNC/PSU gets lowest rate (10.50–12%). Below 700 may face 18–36% or rejection.
Frequently Asked Questions
Most banks require ₹15,000–25,000/month salary. HDFC and ICICI require ₹25,000/month. NBFCs like Bajaj may approve at ₹15,000/month at higher rates.
Yes — banks accept bank statements (6 months), ITR (2 years), or Form 16 as income proof. Gold loans are another option.
At 12% p.a. for 3 years: EMI ≈ ₹16,607/month. Total interest ≈ ₹97,852. Use the calculator above for your exact rate.
Useful for emergencies and consolidating high-interest debt. However, at 12–36% interest, avoid using for luxury spending.
Yes, but most banks charge 2–5% foreclosure penalty. Banks cannot charge penalty on floating rate loans per RBI rules.
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⚠️ Disclaimer
All calculations are indicative and for informational purposes only. Actual EMI may vary based on your bank's terms, processing fees, and applicable taxes. Please contact your bank for exact figures before taking a loan.
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