Personal Loan Calculator
Plan your finances by calculating the EMI for your personal loan.
Loan Details
Payment Breakdown
Monthly EMI
₹0
Principal Amount
₹0
Total Interest
₹0
Total Payment
₹0
About Personal Loans
A personal loan is an unsecured loan, meaning you don't need to provide any collateral like property or gold. They are versatile and can be used for various purposes like a wedding, home renovation, medical emergency, or travel. Because they are unsecured, they typically have higher interest rates than secured loans like home or auto loans.
Tips for Getting a Personal Loan
- Maintain a Good Credit Score: A CIBIL score above 750 can help you get a lower interest rate.
- Compare Lenders: Don't just go with your primary bank. Compare offers from multiple banks and NBFCs to find the best rate.
- Check for Hidden Charges: Look out for processing fees, prepayment penalties, and other charges before finalizing a loan.