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Personal Loan Calculator — EMI & Cost
Estimate personal loan EMI and total repayment for unsecured borrowing in India.
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Overview
Personal loans carry higher rates than secured home loans. Model EMI and total cost including optional processing fees before accepting an offer.
Examples
₹5 lakh at 14% for 3 years
Typical personal loan for medical or travel
₹10 lakh at 12% for 5 years
Longer tenure lowers EMI
₹2 lakh at 16% for 2 years
Short-term emergency borrowing
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Frequently asked questions
What is a typical personal loan rate in India?
Rates often range from 10% to 24% APR depending on credit profile and lender. Enter your quoted rate directly.
Can I add processing fees?
Yes — switch to the embedded Loan Calculator and enable the processing fee field.
Is collateral required?
Personal loans are usually unsecured. This calculator only models repayment math, not eligibility.
Is this Personal Loan Calculator free to use?
Yes. MerQPrime calculators run in your browser with no sign-up. Enter your numbers and get instant results.
Are results accurate for Indian finance tools scenarios?
Calculators use standard formulas accepted by Indian banks and businesses. Always confirm final figures with your lender, CA or advisor before committing.
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