Personal Loan EMI Calculators | OwnPaisa - Fast & Easy Loans in India | Business, Home, Personal, Car Loans, OD, Loan Against Property

What is a Personal Loan?

A personal loan is an unsecured loan you can use for any personal expenses — no collateral required, quick approval, and flexible repayment options.

Eligibility Criteria

Criteria usually include age 21–60, steady income, good credit score, and valid KYC documents. Income requirements vary by lender.

What is EMI in Personal Loan?

EMI is the fixed monthly payment that includes both principal and interest, spread over your chosen loan tenure.

How to Get Quick Approval?

Maintain a good CIBIL score, submit accurate documents, choose a lender with instant approval, and meet their eligibility criteria.

Factors Affecting Interest Rate

Credit score, income stability, employer reputation, loan amount, and tenure all affect your interest rate.

How to Reduce EMI?

Opt for a longer tenure, negotiate with lender, refinance at a lower rate, or make part-prepayments.

Documents Required

PAN card, Aadhaar card, income proof, bank statements, salary slips, and address proof are typically required.

Personal Loan EMI Calculator