Unsecured loan
Personal Loan Calculator
Typical 12–24% unsecured credit. See the true cost of a short tenure.
Formula
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
About this calculator
Personal loans are unsecured, so rates are higher and tenures shorter. Processing fees (1–3%) are not in this EMI — add them to the true cost.