Monthly EMI, total interest, effective cost, amortization table — all live as you type
Loan Amount
₹
Interest Rate
15.0%
Loan Tenure
Loan tenure
3 yrs
Processing Fee
%
Monthly EMI
₹0
enter loan details above
Total Interest
₹0
Total Payable (incl. fee)
₹0
Processing Fee
₹0
Interest Ratio
0.0x
Cost per ₹1 Lakh
₹0
total payable per ₹1L borrowed
Effective Annual Rate
0.0%
including processing fee cost
Break-even Month
—
month interest < principal in EMI
₹0
Total Cost
Principal
₹0
Total Interest
₹0
Processing Fee
₹0
Month-by-Month Amortization
Month
EMI
Principal
Interest
Outstanding
mos
%
%
Outstanding Balance₹0
Current EMI₹0
New EMI at New Rate₹0
New Processing Fee Cost₹0
Gross Interest Saved₹0
Net Interest Saved (after fee)₹0
Break-even in— months
ⓘ EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1) on reducing balance. Effective rate includes processing fee amortized over tenure. Actual rates and fees vary by lender.
What's in your ₹99 PDF Report
Monthly EMI
₹0
Total Interest
₹0
Total Cost
₹0
Interest Ratio
0x
Full EMI breakdown with donut chart embedded
Month-by-month amortization schedule
Balance transfer analysis & break-even point
5 strategies to reduce your total loan cost
Prepayment impact & savings projection
One-time payment · Instant download · Shareable PDF
Frequently Asked Questions
What is the EMI for a ₹5 lakh personal loan? +
For ₹5 lakh personal loan: at 12% for 3 years, EMI ≈ ₹16,607/month. At 15% for 3 years, EMI ≈ ₹17,333/month. At 18% for 5 years, EMI ≈ ₹12,694/month. Select ₹5L above and enter your rate to get the exact figure instantly.
How does processing fee affect total cost? +
Processing fee (1–3% of loan) is charged upfront and raises your effective borrowing cost. A 2% fee on ₹5 lakh = ₹10,000 extra upfront. The "Cost per ₹1 Lakh" and "Effective Annual Rate" metrics above account for the processing fee so you can compare loans accurately across lenders.
What is a good interest rate for personal loan in India? +
Personal loan rates (2026): Below 12% is excellent (top employers, 750+ CIBIL). 12–15% is good. 15–20% is average. Above 20% is high — explore alternatives. A CIBIL score above 750 gets the best rates. Salaried employees at MNCs or government get preferential rates. Use the calculator to compare total cost at different rates.
Can I prepay a personal loan without penalty? +
RBI guidelines allow foreclosure of floating-rate loans without penalty. Fixed-rate personal loans may have a foreclosure charge of 2–5% on outstanding principal, typically waived after 12–18 EMIs. Check your loan agreement. Prepayment saves significant interest — use our Prepayment Calculator to see exact savings.