Personal Loan 10 Lakh EMI Calculator
Estimate the monthly EMI and the total repayable for a personal loan 10 lakh, 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 | ₹48,963 | ₹35,630 | ₹13,333 | ₹9,64,370 |
| 02 | ₹48,963 | ₹36,105 | ₹12,858 | ₹9,28,265 |
| 03 | ₹48,963 | ₹36,586 | ₹12,377 | ₹8,91,679 |
| 04 | ₹48,963 | ₹37,074 | ₹11,889 | ₹8,54,605 |
| 05 | ₹48,963 | ₹37,568 | ₹11,395 | ₹8,17,037 |
| 06 | ₹48,963 | ₹38,069 | ₹10,894 | ₹7,78,967 |
| 07 | ₹48,963 | ₹38,577 | ₹10,386 | ₹7,40,391 |
| 08 | ₹48,963 | ₹39,091 | ₹9,872 | ₹7,01,299 |
| 09 | ₹48,963 | ₹39,612 | ₹9,351 | ₹6,61,687 |
| 10 | ₹48,963 | ₹40,141 | ₹8,822 | ₹6,21,546 |
| 11 | ₹48,963 | ₹40,676 | ₹8,287 | ₹5,80,870 |
| 12 | ₹48,963 | ₹41,218 | ₹7,745 | ₹5,39,652 |
| 13 | ₹48,963 | ₹41,768 | ₹7,195 | ₹4,97,884 |
| 14 | ₹48,963 | ₹42,325 | ₹6,638 | ₹4,55,560 |
| 15 | ₹48,963 | ₹42,889 | ₹6,074 | ₹4,12,671 |
| 16 | ₹48,963 | ₹43,461 | ₹5,502 | ₹3,69,210 |
| 17 | ₹48,963 | ₹44,040 | ₹4,923 | ₹3,25,170 |
| 18 | ₹48,963 | ₹44,628 | ₹4,336 | ₹2,80,542 |
| 19 | ₹48,963 | ₹45,223 | ₹3,741 | ₹2,35,320 |
| 20 | ₹48,963 | ₹45,826 | ₹3,138 | ₹1,89,494 |
| 21 | ₹48,963 | ₹46,437 | ₹2,527 | ₹1,43,058 |
| 22 | ₹48,963 | ₹47,056 | ₹1,907 | ₹96,002 |
| 23 | ₹48,963 | ₹47,683 | ₹1,280 | ₹48,319 |
| 24 | ₹48,963 | ₹48,319 | ₹644 | ₹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 16% p.a. reducing rate, the EMI is about ₹48,963. With a 2% processing fee (₹20,000) plus ₹3,600 GST, the total repayable comes to roughly ₹11,98,715. 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.