Personal Loan 500000 EMI Calculator
Estimate the monthly EMI and the total repayable for a personal loan 500000, 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 | ₹24,482 | ₹17,815 | ₹6,667 | ₹4,82,185 |
| 02 | ₹24,482 | ₹18,052 | ₹6,429 | ₹4,64,133 |
| 03 | ₹24,482 | ₹18,293 | ₹6,188 | ₹4,45,840 |
| 04 | ₹24,482 | ₹18,537 | ₹5,945 | ₹4,27,303 |
| 05 | ₹24,482 | ₹18,784 | ₹5,697 | ₹4,08,518 |
| 06 | ₹24,482 | ₹19,035 | ₹5,447 | ₹3,89,484 |
| 07 | ₹24,482 | ₹19,288 | ₹5,193 | ₹3,70,195 |
| 08 | ₹24,482 | ₹19,546 | ₹4,936 | ₹3,50,650 |
| 09 | ₹24,482 | ₹19,806 | ₹4,675 | ₹3,30,843 |
| 10 | ₹24,482 | ₹20,070 | ₹4,411 | ₹3,10,773 |
| 11 | ₹24,482 | ₹20,338 | ₹4,144 | ₹2,90,435 |
| 12 | ₹24,482 | ₹20,609 | ₹3,872 | ₹2,69,826 |
| 13 | ₹24,482 | ₹20,884 | ₹3,598 | ₹2,48,942 |
| 14 | ₹24,482 | ₹21,162 | ₹3,319 | ₹2,27,780 |
| 15 | ₹24,482 | ₹21,444 | ₹3,037 | ₹2,06,335 |
| 16 | ₹24,482 | ₹21,730 | ₹2,751 | ₹1,84,605 |
| 17 | ₹24,482 | ₹22,020 | ₹2,461 | ₹1,62,585 |
| 18 | ₹24,482 | ₹22,314 | ₹2,168 | ₹1,40,271 |
| 19 | ₹24,482 | ₹22,611 | ₹1,870 | ₹1,17,660 |
| 20 | ₹24,482 | ₹22,913 | ₹1,569 | ₹94,747 |
| 21 | ₹24,482 | ₹23,218 | ₹1,263 | ₹71,529 |
| 22 | ₹24,482 | ₹23,528 | ₹954 | ₹48,001 |
| 23 | ₹24,482 | ₹23,842 | ₹640 | ₹24,159 |
| 24 | ₹24,482 | ₹24,159 | ₹322 | ₹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 ₹24,482. With a 2% processing fee (₹10,000) plus ₹1,800 GST, the total repayable comes to roughly ₹5,99,357. 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.