Personal Loan Calculator
₹2,500,000
8.5%
20 Years
EMI Breakdown
Monthly EMI
₹0
Total Interest₹0
Total Payment₹2,500,000
Payment Distribution
Yearly Payment Schedule
Amortization Schedule
| Year | Principal (A) | Interest (B) | Total Payment (A+B) | Balance | Loan Paid % |
|---|
About Personal Loans
A personal loan is an unsecured loan that can be used for various purposes, such as debt consolidation, home improvements, or unexpected expenses. It typically has a fixed interest rate and repayment term.
Key Features
- No collateral required
- Fixed interest rates and repayment terms
- Typically higher interest rates than secured loans
- Flexible use of funds
- Quicker approval process compared to secured loans
Tips for Personal Loan Applicants
- Compare offers from multiple lenders
- Check for any hidden fees or charges
- Consider the total cost of the loan, not just the EMI
- Borrow only what you need and can afford to repay
- Read and understand all terms and conditions before signing