Use the LIC Personal Loan Calculator to accurately calculate your returns and plan your investments based on current LIC rates.
Using our LIC Personal Loan Calculator is simple and takes just a few seconds. Enter your values using the sliders or input fields above, and the results will update instantly — no need to click a calculate button.
All calculations are performed in your browser using standard financial formulas. Your data is never stored or transmitted to any server, ensuring complete privacy.
The results shown are estimates based on the inputs you provide. For precise figures, consult with your bank or financial advisor. Use this tool for quick comparisons, planning, and understanding how different variables affect your financial outcomes.
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)Where P = Personal loan amount, r = Monthly interest rate, n = Tenure in months. Personal loans typically have 1-5 year tenures with rates from 10-24%.
3-year loan at 12%
EMI: ₹16,607 | Total Interest: ₹97,852
Our Personal Loan EMI Calculator helps you estimate monthly payments for personal loans. Personal loans are unsecured loans with higher interest rates but no collateral requirement. Calculate EMI, total interest, and plan your repayment.
The LIC Personal Loan Calculator is designed to help you estimate your returns specifically using LIC's current offerings. Our calculator helps you plan your biggest financial decision. Calculate monthly EMI, total interest payable, and get a complete schedule. Compare different amounts, rates, and tenures.
LIC is one of the leading financial institutions offering competitive rates and reliable services for this product.
Personal loan interest rates in India in FY 2025-26 range from 10.5% to 24% per annum. Public sector banks like SBI offer rates from 11-14%, while private banks like HDFC and ICICI charge 10.5-21%. NBFCs and fintech lenders may charge up to 36%. Your CIBIL score and income heavily influence the rate you get. Use the free Personal Loan Calculator on AbacusHand to calculate your exact result instantly.
Most banks require a minimum CIBIL score of 700-750 to approve a personal loan. A score above 750 qualifies you for the lowest rates (10.5-12%). Scores below 650 may lead to rejection or very high interest rates (20-24%). Maintaining a healthy credit score can save you thousands in interest on a ₹5 lakh loan. Use the free Personal Loan Calculator on AbacusHand to calculate your exact result instantly.
For a ₹5 lakh personal loan at 12% interest for 3 years, the monthly EMI is approximately ₹16,607, and total interest payable is ₹97,852. At 15% for 5 years, the EMI is ₹11,895 with ₹2.14 lakh total interest. Shorter tenure means higher EMI but lower total interest paid. Use the free Personal Loan Calculator on AbacusHand to calculate your exact result instantly.
Processing fees on personal loans in India typically range from 0.5% to 3% of the loan amount plus GST at 18%. On a ₹5 lakh personal loan, the processing fee can be ₹2,500 to ₹15,000 plus GST. Some lenders offer zero processing fee during promotional periods. Always factor in this upfront cost when comparing loan offers. Use the free Personal Loan Calculator on AbacusHand to calculate your exact result instantly.
For large expenses above ₹50,000, a personal loan is almost always cheaper than a credit card. Credit cards charge 24-42% annual interest on revolving credit, while personal loans cost 10.5-24%. On ₹1 lakh debt, a personal loan at 14% for 2 years saves approximately ₹12,000-₹20,000 in interest compared to minimum credit card payments. Use the free Personal Loan Calculator on AbacusHand to calculate your exact result instantly.
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