Instant Loans EMI Calculator
Estimate the monthly EMI and the total repayable for a instant loans, including the processing fee and GST. Move the sliders — the result updates instantly and nothing is sent to any lender.
Assumptions: Reducing-balance interest with fixed monthly instalments; Processing fee assumed at 2% of the amount, charged upfront; 18% GST applies on the fee; Results are estimates for comparison — your lender’s Key Facts Statement is the binding figure.
Where every rupee goes
On short tenures the annualised rate can look high because one-time fees are spread over a few months. Compare the total repayable in rupees.
Example only. Your rate, fees and repayment amount depend on the lender's offer and Key Facts Statement.
Repayment schedule
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 01 | ₹9,456 | ₹7,456 | ₹2,000 | ₹92,544 |
| 02 | ₹9,456 | ₹7,605 | ₹1,851 | ₹84,939 |
| 03 | ₹9,456 | ₹7,757 | ₹1,699 | ₹77,182 |
| 04 | ₹9,456 | ₹7,912 | ₹1,544 | ₹69,269 |
| 05 | ₹9,456 | ₹8,071 | ₹1,385 | ₹61,199 |
| 06 | ₹9,456 | ₹8,232 | ₹1,224 | ₹52,967 |
| 07 | ₹9,456 | ₹8,397 | ₹1,059 | ₹44,570 |
| 08 | ₹9,456 | ₹8,565 | ₹891 | ₹36,006 |
| 09 | ₹9,456 | ₹8,736 | ₹720 | ₹27,270 |
| 10 | ₹9,456 | ₹8,911 | ₹545 | ₹18,359 |
| 11 | ₹9,456 | ₹9,089 | ₹367 | ₹9,271 |
| 12 | ₹9,456 | ₹9,271 | ₹185 | ₹0 |
EMI calculator FAQ
The standard reducing-balance formula is used: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the amount, r the monthly rate and n the tenure in months. Interest is charged only on the outstanding balance, so each EMI shifts gradually from interest to principal.
At an illustrative 24% p.a. reducing rate, the EMI is about ₹9,456. With a 2% processing fee (₹2,000) plus ₹360 GST, the total repayable comes to roughly ₹1,15,832. Your lender's exact figures will differ with the offered rate.
One-time fees are annualised over just a few months, which inflates the percentage even when the rupee cost is modest. On short tenures, compare offers on the total repayable in rupees rather than the APR alone.
A longer tenure lowers the EMI but increases total interest, because interest accrues for longer. Use the calculator to find the shortest tenure whose EMI fits comfortably in your monthly budget.