Personal loan EMI calculator with fees and APR
See the EMI and the real annual cost (APR) after processing fees and GST.
Make it real
Real loans have part-payments, rate changes and fees. Switch any of them on.
Monthly EMI
₹16,488
for 3 yrs
Interest
16%
of total
- Total interest
- ₹93,568
- Total payment
- ₹5,93,568
- Interest ÷ principal
- 0.19×
- Loan-free by
- Oct 2029
The full picture
3 yrs of payments, year by year and month by month.
| Year | Principal | Interest | Total paid | Balance | Paid off |
|---|---|---|---|---|---|
| 2026 | ₹23,505 | ₹9,471 | ₹32,976 | ₹4,76,495 | 5% |
| 2027 | ₹1,50,846 | ₹47,010 | ₹1,97,856 | ₹3,25,650 | 35% |
| 2028 | ₹1,69,137 | ₹28,719 | ₹1,97,856 | ₹1,56,513 | 69% |
| 2029 | ₹1,56,513 | ₹8,368 | ₹1,64,880 | ₹0 | 100% |
1–4 of 4 years
How to use this calculator
- 01
Set the basics
Drag the sliders or type the loan amount, interest rate and tenure. Everything updates as you type.
- 02
Add prepayments or rate changes
Optionally add prepayments, rate changes, step-ups, a moratorium or fees to see the full cost of your loan.
- 03
Check the schedule
The charts and month-by-month schedule show how much of each EMI goes to interest and principal. Export as PDF or Excel, or share a link.
Frequently asked questions
Why is my personal loan APR higher than the interest rate?
Processing fees (often 1–3% plus 18% GST) are deducted upfront, so you receive less money but repay the full amount. The APR includes those charges in one annual rate, so it is the better number to compare lenders on.
Can I prepay a personal loan?
Usually yes, often after 6–12 EMIs, with a foreclosure fee of 2–5% on fixed-rate loans. Model the prepayment above, then subtract the fee to see if it's worth it.
Is the EMI shown here exactly what my bank will charge?
It uses the same reducing-balance formula banks use, so it matches to the rupee for a fixed rate. Your bank's figure can differ slightly if it rounds EMIs, charges broken-period interest for the first month, or bundles insurance into the loan.
Does a longer tenure save money?
No. A longer tenure lowers the monthly EMI but increases the total interest you pay, often by a lot. Pick the shortest tenure whose EMI still fits comfortably in your budget.