Calculate EMI and total cost for a personal loan at your interest rate.
| Loan Amount | — |
| Processing Fee | — |
| Total Interest | — |
| Total Payable | — |
| Rate incl. fee (monthly × 12) | — |
Personal loans in India are unsecured loans. Interest rates vary widely by lender and depend on your credit score, income, employer and other factors. A higher CIBIL score generally improves your chances of approval and the rate offered. Check each lender's criteria and current rates.
Q: What CIBIL score is needed for a personal loan?
A: Each lender sets its own CIBIL cut-offs and pricing. A higher score generally helps approval and the rate offered, while a low score may lead to rejection or higher rates. Ask the lender for its exact criteria.
Q: Can I foreclose a personal loan?
A: Yes. Most banks allow foreclosure after 6-12 EMIs with a prepayment penalty of 2-5% of outstanding balance. Some banks (like HDFC) have NIL prepayment charges after 12 months.
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