Personal Loan 50000 EMI Calculator
Estimate the monthly EMI and the total repayable for a personal loan 50000, 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 | ₹4,537 | ₹3,870 | ₹667 | ₹46,130 |
| 02 | ₹4,537 | ₹3,921 | ₹615 | ₹42,209 |
| 03 | ₹4,537 | ₹3,974 | ₹563 | ₹38,235 |
| 04 | ₹4,537 | ₹4,027 | ₹510 | ₹34,208 |
| 05 | ₹4,537 | ₹4,080 | ₹456 | ₹30,128 |
| 06 | ₹4,537 | ₹4,135 | ₹402 | ₹25,993 |
| 07 | ₹4,537 | ₹4,190 | ₹347 | ₹21,803 |
| 08 | ₹4,537 | ₹4,246 | ₹291 | ₹17,557 |
| 09 | ₹4,537 | ₹4,302 | ₹234 | ₹13,255 |
| 10 | ₹4,537 | ₹4,360 | ₹177 | ₹8,895 |
| 11 | ₹4,537 | ₹4,418 | ₹119 | ₹4,477 |
| 12 | ₹4,537 | ₹4,477 | ₹60 | ₹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 ₹4,537. With a 2% processing fee (₹1,000) plus ₹180 GST, the total repayable comes to roughly ₹55,619. 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.