How to use the Personal Loan Calculator
Fill in the fields on the left. Results, charts and the breakdown update instantly as you type or move a slider. Pick your country at the top of the page to switch currency.
Formula
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
Effective rate = the rate at which (P − fee) gives the same EMI
Frequently asked questions
What is a processing fee?
A one-time charge (usually 0.5–3% of the loan) deducted when the loan is paid out. You receive less money but repay the full amount.
Can I prepay a personal loan?
Most lenders allow it, sometimes with a 2–5% foreclosure charge. Check your loan agreement.
Results are estimates for information only and are not financial, tax or legal advice. Tax rules, interest rates and fees change, so confirm important numbers with your bank, employer or a qualified adviser. Read our disclaimer.