Personal Loan at a glance
- Typical rates: about 10.5–24% p.a. depending on your credit score and employer.
- Tenure: 1 to 5 years (some lenders up to 7).
- Tax: No tax benefit, unless the money is used to buy or renovate a house (Section 24b) or for business.
Tips before you borrow
- Processing fees of 1–3% raise your real cost; use the loan comparison tool to see the true APR.
- A credit score above 750 usually gets the best rates.
- Personal loans are expensive: pay them off before investing extra money.
Other loans: Home Loan · Car Loan · Education Loan · Bike Loan · Gold Loan · compare offers · eligibility
How to use the 💳 Personal Loan EMI Calculator tool
- Enter the personal loan amount, interest rate and tenure, or tap a quick option.
- See the EMI, total interest and year-wise schedule.
- Try a prepayment to see the interest you save.
Why SaralKit?
- Free forever: no "credits", no trial, no premium tier, no watermark and no daily limit.
- No account, ever: nothing to sign up for. Just open the page and use it.
- No data stored: your files and the numbers you type are processed by your own browser. We never upload, store or see them.
- Works offline: once the page has loaded, most tools keep working without internet.
- Open source: anyone can read the code on GitHub.
Frequently asked questions
What is the EMI for a ₹5,00,000 personal loan?
At 12.5% for 3 years, the EMI is about ₹16,727 a month, and total interest is about ₹1,02,165.
What are typical personal loan interest rates?
In India, about 10.5–24% p.a. depending on your credit score and employer. Your rate depends on your credit score, income and lender.
Are there tax benefits on a personal loan?
No tax benefit, unless the money is used to buy or renovate a house (Section 24b) or for business.
How much tenure can I get?
Personal Loans are usually offered for 1 to 5 years (some lenders up to 7).