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    CalcGate

    Personal Loan — Free Online Calculator

    Loan payments. Free personal loan with instant results.

    Last updated: 2026-06-01

    Loan Details

    ₹

    5.00 Lakh

    %
    years

    Typical Personal Loan Rates

    Excellent Credit10-12%
    Good Credit12-16%
    Fair Credit16-24%

    Personal Loan Summary

    Monthly EMI

    ₹11,122

    For 5 years (60 months)

    Principal

    ₹5,00,000

    Total Interest

    ₹1,67,333

    Total Amount Payable

    ₹6,67,333

    Interest Cost: You'll pay ₹1,67,333 in interest, which is 33.5% of your loan amount.

    Payment Breakdown

    Principal
    Interest
    Year 1Year 2Year 3Year 4Year 5₹0L₹0L₹1L₹1L₹1L
    YearPrincipalInterestBalance
    Year 1₹77,645₹55,822₹4,22,355
    Year 2₹87,492₹45,974₹3,34,862
    Year 3₹98,589₹34,878₹2,36,274
    Year 4₹1,11,092₹22,374₹1,25,181
    Year 5₹1,25,181₹8,285₹0

    Personal Loan Basics

    A personal loan is an unsecured loan that doesn't require collateral. You can use it for any purpose - debt consolidation, medical expenses, home improvement, weddings, travel, or emergencies.

    Key Features

    • No collateral required
    • Quick disbursement (often same day)
    • Fixed interest rate and EMI
    • Flexible tenure (1-7 years)
    • Minimal documentation

    Eligibility & Tips

    Good Credit Score

    750+ CIBIL score gets best rates.

    Stable Income

    Usually 2+ years employment needed.

    Compare Offers

    Rates vary 3-5% between lenders.

    Watch for Hidden Fees

    Check processing, prepayment charges.

    Need Money for Something Specific?

    Explore our specialized calculators for your specific needs.

    Data sources

    Rates and thresholds on this page are based on official publications. Verify against the source for your specific circumstances.

    Results are estimates for planning purposes only. Verify important financial or health decisions with a qualified professional.

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    Frequently Asked Questions