Personal Loan EMI Calculator

Personal loans are unsecured loans with no collateral required. They can be used for any purpose — medical expenses, travel, home renovation, debt consolidation, etc.

Key Points

• Interest rates typically range from 10% to 24% p.a.
• Tenure usually 1 to 5 years (some banks offer up to 7 years)
• No collateral or security required
• Processing fee: 1–3% of loan amount
• Prepayment charges may apply (usually 2–5%)