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Standard EMI
Calculate personal loan EMI • See how prepayment saves interest!
| Period | EMI | Principal | Interest | Prepay | Balance |
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Personal loans have higher interest rates (10-18%) but shorter tenure (1-5 years). Even small prepayments can save significant interest.
Personal loan rates in India range from 10% to 18% depending on credit score and bank.
Yes, most banks allow prepayment after 6-12 months. Foreclosure charges may apply (2-5%).