Personal Loan Calculator
Personal loan EMI including processing fee.
Enter your details
How it is calculated
Worked example
₹5,00,000 at 12.5% for 36 months gives an EMI of about ₹16,725. With a 2% fee plus 18% GST (₹11,800) you receive ₹4,88,200, so the effective rate is a little above 12.5%.
About the Personal Loan Calculator
Personal loan EMI including processing fee. This free loan & emi tool runs entirely in your browser: nothing you type is sent to a server, and you can save, print or download the result.
What you need to enter
You will be asked for loan amount, interest rate (% per year), tenure (months), processing fee (% of loan amount), other upfront charges (₹). Optional switches: add gst at 18% on the processing fee. Fields marked * are required. Every field shows a hint and the allowed range.
How to use it
- Fill in the inputs (sample values are pre-filled so you can see how it works).
- Press Calculate to see the result, breakdown and chart.
- Use Print, Download PDF or Share to keep the result, or come back to it from your saved history.
Who it helps
Salaried individuals, business owners, investors and professionals who want a quick, transparent estimate before they file, invest or plan. If your case has special facts, our team can review it - ask for a consultation.
Results are estimates based on the rules and rates described under "How it is calculated". Laws change and individual facts differ, so confirm with official sources or a qualified professional before acting. This is not tax, legal or investment advice.
Frequently asked questions
Why is the effective rate higher than the quoted rate?
Because you pay interest on the full loan amount but receive less after the processing fee and charges. The same EMIs on a smaller disbursal mean a higher real cost.
Is GST charged on personal loan interest?
GST applies to the lender's fees such as processing and documentation charges, not to the interest itself. The calculator lets you switch it off if your lender quotes the fee inclusive of tax.
Does foreclosing early reduce the cost?
It cuts future interest but the processing fee is not refunded, and some lenders levy a foreclosure charge. Read the key fact statement for your loan.
Need help beyond the calculator?
Talk to our tax and compliance team for advice based on your documents.