Free Personal Loan EMI Calculator
Work out your personal loan EMI along with the processing fee lenders deduct upfront — no signup, nothing sent to a server. Carrying a card balance instead? Try the Credit Card Interest Calculator, or use the general EMI Calculator.
Monthly EMI
—
Total interest
—
Processing fee
—
Net amount disbursed
—
Total cost of loan
—
How to calculate personal loan EMI
-
1
Enter the loan amount
Type the amount you plan to borrow.
-
2
Enter the interest rate and tenure
Use the rate quoted by your lender and the repayment period in months.
-
3
Enter the processing fee
Use the percentage your lender charges upfront.
-
4
Read the breakdown
EMI, total interest, processing fee, and net disbursed amount update instantly as you type.
Example use cases
Comparing lender offers
A lower rate can still cost more once a higher processing fee is factored in — compare total cost, not just the rate.
Debt consolidation
Check whether a personal loan's EMI and total cost genuinely beat what you're paying across existing debts.
Budgeting for the fee
See how much you'll actually receive after the processing fee is deducted, before you plan around the full loan amount.
Frequently asked questions
What is the net amount disbursed?
Most lenders deduct the processing fee from the loan amount before crediting it to your account. Net disbursed = Loan amount − Processing fee, even though EMI is still calculated on the full loan amount.
What counts as the total cost of the loan?
Total interest plus the processing fee — the full extra amount you pay over what you actually received.
Does this include GST on the processing fee?
No, enter the fee percentage your lender quotes. If GST is charged separately on the fee, add that to the processing fee figure shown here for an accurate total.
Is my financial information sent to a server?
No. The calculation runs entirely in your browser — nothing is transmitted or logged.