How quickly can I get approved for a loan?

Most applications receive a decision within 24 hours. Once approved, funds can be deposited into your account within 1-3 business days.

What documents do I need to apply?

You'll need a valid ID, proof of income (pay stubs or tax returns), bank statements from the last 3 months, and proof of address.

What credit score do I need to qualify?

We consider applications from all credit backgrounds. While a higher score may get you better rates, we have options for scores as low as 580.

Free EMI Calculator

Calculate Your Loan EMI Instantly

Plan your finances with our accurate EMI calculator. Get instant calculations for personal loans, home loans, car loans, and more.

Accurate Calculations

Instant Results

100% Free

Loan Calculator

Calculate Your EMI

Use our simple calculator to estimate your monthly payments and plan your finances better.

Loan Amount₹5,00,000

1L10L20L30L40L50L

Interest Rate10.6%

8.5%12%14%16%20%

Duration

Currently calculating for 12 months.

Monthly EMI

₹44,098

Total Interest₹29,171

Total Payable₹5,29,171

Disclaimer*: Our EMI calculator offers estimated monthly instalments which are indicative and based on the values you provide. Actual loan terms and eligibility are subject to credit approval. Please speak to our team before making financial decisions.

How Our Loan Calculator Works

Our EMI calculator uses the same logic as banks and NBFCs to estimate your monthly payments based on the loan amount, interest rate, and tenure you choose.

Step-by-step guide to using the My Fundss EMI Calculator:

Enter your loan details: Use the sliders or input fields to choose your loan amount (from ₹1,00,000 to ₹50,00,000), interest rate (8.5% to 20% p.a.), and loan tenure (from 6 to 84 months).
See your EMI instantly: As soon as you adjust any value, the calculator automatically recalculates your monthly EMI, total interest, and total amount payable.
Customise your repayment plan: Try different combinations within our calculator's range to find a comfortable EMI. For example, you can enter any amount between ₹1,00,000 and ₹50,00,000 and choose a tenure from 6 months up to 7 years (84 months) to see how your EMI changes.
Adjust EMI to suit your budget: To reduce your monthly EMI, you can lower the loan amount, select a lower interest rate (if available), or increase the tenure. To repay faster, try a shorter tenure or smaller loan amount and see how the EMI and total interest adjust in real time.

Why Use Our EMI Calculator?

📊

Plan Your Budget

Know your exact monthly commitment before taking a loan to plan your finances effectively.

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Compare Loan Options

Try different loan amounts and tenures to find the best option for your needs.

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Save Money

Understand total interest payable and choose shorter tenures to save on interest.

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Quick Decisions

Get instant calculations without complex math or waiting for bank consultations.

FAQs

Frequently Asked Questions

Find answers to common questions about our loan services

A personal loan is an unsecured loan that you can use for various purposes such as medical emergencies, home renovation, debt consolidation, education, or any other personal need. Unlike secured loans, personal loans don't require collateral.

Personal loans from My Fundss can be used for a wide range of purposes including medical emergencies, home renovation, wedding expenses, education, debt consolidation, travel, business expansion, or any other legitimate personal or business need.

To be eligible for a personal loan, you must be an Indian citizen, aged between 21-65 years, have a stable source of income (salaried or self-employed), and meet our minimum income criteria. Credit history and other factors are also considered during the approval process.