₹
%
years
Up to 7 years
%
Usually 1–3% + GST
Monthly EMI
₹0
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Year-wise breakdown
Fill in the details to see the year-wise breakdown.
See your monthly EMI and the real cost of a personal loan, including the processing fee and GST that lenders add on.
Up to 7 years
Usually 1–3% + GST
Fill in the details to see the year-wise breakdown.
Lenders advertise the interest rate, but you also pay a processing fee (1–3% of the loan) plus 18% GST on that fee, deducted from the amount you receive. This calculator adds both, so you see the full cost.
Total cost = Total interest + Processing fee + 18% GST on feeExample: ₹5 lakh at 12% for 3 years has an EMI of ₹16,607 and total interest of ₹97,858. A 2% fee adds ₹11,800 including GST, so the true cost is ₹1,09,658.
Most lenders want a CIBIL score of 700+. 750+ gets you the lowest rates.
Usually after 6–12 EMIs, with a foreclosure charge of 2–5% plus GST. Check your loan agreement.
Some lenders quote a flat rate, which looks lower but is charged on the full original amount. A 10% flat rate is roughly an 18% reducing rate. This calculator uses the reducing-balance method.
These figures are estimates for planning only and are not financial advice. Actual returns, rates and charges depend on your bank, fund or scheme. Check the latest rates before you invest or borrow.