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Personal Loan EMI Calculator – Calculate Personal Loan Monthly EMI
Calculate personal loan EMI instantly. Compare rates across SBI, HDFC, ICICI, Bajaj Finance. See if personal loan or credit card is cheaper for your need.
EMI = P × r × (1+r)^n / [(1+r)^n − 1]. For a ₹5L Personal Loan at 13% for 5 years: Monthly rate = 13/12/100 = 0.01083, n = 60 months. EMI ≈ 11,376. Use the calculator above for any amount.
What is a typical personal loan interest rate?▼
Personal loan rates in India 2024: SBI: 11-14%, HDFC Bank: 10.5-14%, ICICI Bank: 10.50-16%, Bajaj Finance: 11-26%, Navi: 9.9-45%. Personal loans are unsecured = higher rates than home/car loans. Best rates for: salaried with 750+ CIBIL, salary in top companies, existing bank customer.