Personal Loan EMI Calculator
Enter the amount you want to borrow, the rate your lender quoted and how long you plan to repay. The calculator shows the monthly payment (EMI), the interest you will pay in total and the full amount repaid.
Your loan details
Your result
Monthly payment
$549.82
for 5 yr (60 payments)
- Total interest
- $7,989
- Total repayment
- $32,989
Borrowing $25,000 at 11.5% over 5 years costs $549.82 a month. You repay $32,989 in total, of which $7,989 is interest — about 24% of everything you pay.
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Worked example
Suppose you borrow $25,000 at 11.5% a year over 5 years (60 monthly payments).
- Monthly payment$549.82
- Total repayment$32,989
- Total interest$7,989
A typical unsecured personal loan: no collateral, a fixed rate and a term of three to seven years.
How the numbers are calculated
The monthly payment uses the standard amortization (EMI) formula, which spreads the loan and its interest evenly so every payment is identical:
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
- P — the amount borrowed.
- r — the monthly rate, i.e. the annual rate divided by 12 and by 100.
- n — the number of monthly payments (years × 12).
Total repayment is simply the monthly payment multiplied by the number of payments, and total interest is that total minus the amount you borrowed. Interest is charged on the balance still outstanding, so early payments are mostly interest and later ones are mostly principal.
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Disclaimer: This calculator provides general estimates for information only and is not financial advice. Actual payments depend on your lender's fees, rounding, payment dates and any rate changes. Confirm figures with your lender or a qualified adviser before making a borrowing decision.